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GBP/USD slips back as US data offsets Iran ceasefire risk-on boost
GBP/USD slid 0.15% on Tuesday, settling close to 1.3500 after a volatile session that traded a roughly 60-pip range. Price unwound twice during European and US trade with sharp downside candles, only to bounce back off the lows on each occasion before recovering modestly into the close.
Fxstreet
Tue, Apr 21
AUD/USD slips as Iran tensions lift US Dollar, hurt sentiment
The Australian Dollar retreats during the North American session, down more than 0.30%. High tensions in the Middle East, spurred by Iran’s decision not to attend talks with the US in Pakistan. At the time of writing, the AUD/USD trades at 0.7153 after hitting a daily high of 0.7185.
Fxstreet
Tue, Apr 21
USD/CAD steadies as firmer US Dollar supports gains, but technicals signal downside risk
USD/CAD holds firm on Tuesday as the US Dollar (USD) steadies after recent weakness, although the pair lacks strong upside momentum as elevated Oil prices provide underlying support to the commodity-linked Canadian Dollar (CAD).
Fxstreet
Tue, Apr 21
GBP/USD slips as strong US Retail Sales revive USD demand
GBP/USD retreats, losing 0.18%, as the US Dollar recovers following a solid US Retail Sales report. Data in the UK reveals the labor market remains solid, while traders digest headlines from the Fed Chair nominee, Kevin Warsh, at the US Senate.Fxstreet
Tue, Apr 21
EUR/USD edges lower as US Retail Sales beat forecasts, Warsh calls for new inflation framework
EUR/USD trades under pressure on Tuesday as the US Dollar (USD) steadies after recent weakness, with upbeat US economic data and weaker Eurozone sentiment adding further downside pressure on the Euro (EUR).Fxstreet
Tue, Apr 21
EUR/GBP under pressure as Eurozone sentiment deteriorates sharply in April
EUR/GBP trades on the back foot on Tuesday, with the British Pound (GBP) outperforming the Euro (EUR) following broadly resilient UK labor market data, while softer economic sentiment from the Eurozone adds further pressure on the Euro.
Fxstreet
Tue, Apr 21
EUR/GBP: Political risks and inflation support – Rabobank
Rabobank’s Senior FX Strategist Jane Foley highlights that UK political uncertainty around Labour leadership and upcoming May elections could distract GBP markets this spring. She links GBP’s earlier outperformance to a sharp repricing of Bank of England (BoE) expectations, now partly unwound.Fxstreet
Tue, Apr 21
USD/JPY bounces back above 159.00 but remains within previous ranges
The US Dollar (USD) posts moderate gains against the Japanese Yen (JPY) on Tuesday, with price action returning above 159.00 after bouncing up from 157.59 lows on Friday. The pair, however, remains bouncing back and forth within a broadly 150-pip range, from 158.50 to the key 160.00 level.Fxstreet
Tue, Apr 21
GBP/USD: Range trade expected as BoE bets shift to cuts – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that GBP/USD is trading near 1.3500 after a mixed United Kingdom (UK) labor report, with falling unemployment but weaker payrolls. Easing wage pressures below the BoE’s projections support renewed easing later this year.Fxstreet
Tue, Apr 21
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