The Pound Fails To Gain Traction Despite Double-Digit Inflation

Following the U.K.’s double-digit inflation reading and near-full expectations of a 25 basis point rate hike by the Bank of England (BOE), the Pound’s strength was short-lived as a strong…

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EURUSD Attempting to Break Four-Week Winning Streak

The EURUSD currency pair bulls have enjoyed four weeks of gains which seem to be coming to an end, with the current week down 0.27%. U.S. Economic data pointed to…

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EURJPY Chases Down 2022 Pinnacle With Conviction

The EURJPY currency pair bulls are closing down on a 26-week high with its eight-year high around the corner. Driving the pair higher was a return to risk-on sentiment, along…

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EURUSD Flirts With The Upside Ahead Of Euro Area Inflation Data

The EURUSD currency pair attempted to regain some of Monday’s losses in Tuesday’s trading session. The greenback lost out on moderately weaker building permits that missed the consensus mark by…

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EURJPY Takes On December 2022 Highs

The EURJPY currency pair has seen bulls take over after gaining 1.40% week-on-week. The risk-on sentiment has driven the pair higher from signs of a weakening U.S. economy and the…

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EURUSD Edges Higher As The Greenback Loses Its Shine

The EURUSD currency pair gained 53 basis points in the prior week as the Greenback lost ground on signs of a softening U.S. economy.  U.S. Job Openings came in 4.5%…

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