GBP/USD continues to gain for the second consecutive day, trading around 1.2620 during the Asian session on Tuesday. A sense of cautious optimism weakened the yields on US government bonds, contributing to the upward movement of the GBP/USD pair. Additionally, the hawkish remarks made by the Bank of England (BoE) Deputy Governor Ben Broadbent at the Jackson […]

USD/RUB remains depressed for the second consecutive day around the 93.00 threshold heading into Tuesday’s European session. In doing so, the Russian Ruble (RUB) pair defends the previous day’s U-turn from the 21-DMA, as well as keeps the last week’s retreat from a three-month-old previous support line. Adding strength to the downside bias are the […]

USD/INR trades sideways around 82.60 during the Asian session on Tuesday as market participants prepare for forthcoming data releases from India and the United States (US). Furthermore, the positive sentiment stemming in the Asian regional markets from China’s economic stimulus actions is favoring the Indian Rupee (INR) buyers. Beijing implemented a reduction of 0.1% in […]

The EUR/SEK cross loses traction after retreating from a weekly high of 1.9455 during the Asian session on Tuesday. The cross currently trades near 11.8577, down 0.19% on the day. From the technical perspective, EUR/SEK trades within the ascending trend-channel since the middle of July on the four-hour chart. Additionally, the cross holds above the key […]

The EUR/USD pair gains some positive traction for the second straight day on Tuesday and recovers further from its lowest level since June 13, around the 1.0765 region touched last week. Spot prices trade around the 1.0835 area during the Asian session, up over 0.15% for the day, though the fundamental backdrop warrants some caution before positioning […]

USD/TRY sticks to mild losses as it retreats to 26.50 heading into Monday’s European session. In doing so, the Turkish Lira (TRY) pair failed to extend the previous day’s rebound from the lowest level in two months amid a broad US Dollar pullback. However, the cautious mood ahead of this week’s top-tier Turkish and US […]