FX MARKET REPORT 30.09.2020

GBP/USD navigates within the 1.2750-1.3000 range despite UK final GDP revised up to-19.8% QoQ in Q2. EUR/USD now looks to…

FX MARKET REPORT 29.09.2020

GBP/USD keeps bounces off 1.2836 to print a two-day winning streak. Cable is now forecasted to navigate within the 1.2750-1.3000…

FX MARKET REPORT 28.09.2020

GBP/USD probes the upper end of 1.2830/50 trading range. The Cable benefits from the weekend headlines suggesting brighter odds of…

FX MARKET REPORT 25.09.2020

Cable is seen attempting a consolidation move ahead of a potential drop to the. Mid-1.2600s. The pair GBP/USD has remained…

FX MARKET REPORT 24.09.2020

GBP dropped to a low of 1.2676 yesterday before rebounding to close little changed at 1.2726 (-0.06%).  UK Finance Minister…

FX MARKET REPORT 23.09.2020

GBP/USD is currently trading just below the 1.27 hurdle whilst further GBP weakness is not ruled out but in view…

FX MARKET REPORT 22.09.2020

GBP/USD looks to be back under pressure as the market is seeing dollar strength across the board. The pair is…

FX MARKET REPORT 21.09.2020

GBP traded sideways between 1.2914 and 1.2999. The underlying tone has weakened and from here, GBP could drift lower to…

FX MARKET REPORT 18.09.2020

GBP/USD has been rising amid fresh Brexit hopes and despite the Bank of England’s dovish shift. On Friday, speculation about…

FX MARKET REPORT 17.09.2020

GBP/USD staged a solid comeback on the 1.2900 level so far this Thursday, although the bulls now appear to lack…

FX MARKET REPORT 16.09.2020

GBP lacks firm directional bias and seesaws between tepid gains/minor losses. GBP/USD holds steady below 1.2900 mark, BOE Readies for…

FX MARKET REPORT 15.09.2020

The GBP/USD pair is trading near daily highs just below the 1.29 level, up 0.36% on the day. The  downtrend…

FX MARKET REPORT 14.09.2020

GBP/USD to bounce from 200-DMA at 1.2735 ahead of further losses – Commerzbank. Goldman Sachs says pound levels now attractive.…

FX MARKET REPORT 10.09.2020

Sterling continues to weaken this week as market participants move quickly to price in more of a Brexit risk premium.…

FX MARKET REPORT 09.09.2020

GBP/USD seesaws in a choppy range between 1.2920/40. AstraZeneca, China data news trigger risk reset. EUR/USD has reversed higher from…

FX MARKET REPORT 08.09.2020

The pound has continued to underperform amidst more risk-averse trading conditions. It has resulted in EUR/GBP rising back towards the…

FX MARKET REPORT 07.09.2020

GBP/USD faces a mixed outlook, a break of the low at 1.3176 appears unlikely. Resistance is at 1.3290 but the…

FX MARKET REPORT 02.09.2020

GBP/USD: Keeps losses from yearly top below 1.3400, BOE’s Bailey eyed. EUR/USD: Ingredients are in place for a resumption of…

FX MARKET REPORT 01.09.2020

GBP/USD clocks in fresh 2020 high above 1.3400, eyes UK/US PMIs, Brexit talks. EUR/USD is trading closer to 1.20, a…

FX MARKET REPORT 28.08.2020

GBP/USD defies the previous day’s pullback from yearly high of 1.3284, stays bid near intraday top. Brexit woes, surge in…

FX MARKET REPORT 27.08.2020

GBP/USD extends the Asian consolidative mode into the European session  on Thursday, having witnessed a sharp rise to 1.3220 levels…

FX MARKET REPORT 26.08.2020

An upside break of 1.3200 for GBP/USD will challenge the monthly high,  also the yearly top, near 1.3270 and December…

FX MARKET REPORT 20.08.2020

GBP/USD now seen between 1.3000 and 1.3230 – UOB.EUR/USD goes for a  small break above 1.20 for the rest of…

FX MARKET REPORT 19.08.2020

UK CPI rose 1.0% YoY in July as compared to +0.6% expected. Meanwhile,  the core inflation gauge (excluding volatile food…

FX MARKET REPORT 18.08.2020

GBP/USD seesaws in a choppy range between 1.3120 and 1.3137, currently  around 1.3128. EUR/USD faces further upside if close above…

FX MARKET REPORT 17.08.2020

GBP/USD has been retreating amid diverging disease curves across the  Atlantic, yet other factors such as rising US yields and…

FX MARKET REPORT 14.08.2020

GBP popped to a high of 1.3125 before dropping back down. Momentum  indicators are turning ‘neutral’ and for today, GBP…

FX MARKET REPORT 13.08.2020

GBP/USD snaps two-day losing streak, capped around 1.3075 off-late.  GBP/USD faces strong resistance at 1.3115. Germany’s new cases continue  to…

FX MARKET REPORT 12.08.2020

GBP/USD off lows, still on the defensive below mid-1.3000s post-UK macro  data. EUR/USD is holding the lower ground near 1.1715,…

FX MARKET REPORT 11.08.2020

GBP/USD struggles for direction near 1.3070 post-UK data. EUR/USD: Wind  blows strongly in favour of the dollar and moderately against…

FX MARKET REPORT 07.08.2020

GBP/USD losses momentum at the 1.3165 five-year resistance line.  The  EUR/USD pair is trading at 1.1844, representing a 0.28% decline…

FX MARKET REPORT 06.08.2020

GBP/USD has hit 1.3183, the highest since March, showing that the BoE’s  decision includes powerful punches, propelling the pound.  GBP/USD…

FX MARKET REPORT 05.08.2020

GBP/USD gained further losses on a breakdown of the 1.2970 level overnight however snapped the losing streak ahead of UK…

FX MARKET REPORT 04.08.2020

GBP/USD bears catch a breather after a two-day losing streak, pullback  from 1.3000 be the key. GBP/USD stays depressed following…

FX MARKET REPORT 03.08.2020

GBP/USD has hit the highest since March amid a massive dollar sell-off  and the cable has stabilized under 1.31 after…

FX MARKET REPORT 30.07.2020

GBP/USD is on the back foot as the Federal Reserve’s dovish decision  triggered a false break above 1.30. EUR/USD could…

FX MARKET REPORT 29.07.2020

GBP has moved away from last key resistance $1.2520, climbing to the  1.29 level overnight. The euro obtains the smile…

FX MARKET REPORT 28.07.2020

GBP/USD revisits sub-1.2900 area amid US dollar pullback. EUR/USD drops  to 1.1722 from 1.1773 on broad-based dollar recovery.  Dollar Index…

FX MARKET REPORT 27.07.2020

The heavily offered tone surrounding the USD assisted GBP/USD to add to  last week’s gains. The bullish bias around the…

FX MARKET REPORT 24.07.2020

GBP/USD has been benefiting from upbeat UK retail sales but US-China  spat is taking their toll. EUR/USD regains 1.16 as…

FX MARKET REPORT 23.07.2020

GBP/USD bounces off intraday low of 1.2723, stays inside 20-pips range  since late-Wednesday. EUR/USD stays bid and looks to retest…

FX MARKET REPORT 22.07.2020

The GBP/USD pair is heading back towards 1.2700 amid a fresh round of  selling seen in the US dollar across…

FX MARKET REPORT 21.07.2020

The GBP/USD pair is heading back towards 1.2700 amid a fresh round of  selling seen in the US dollar across…