All Articles Tagged - EURGBP

Volatility drops across the board after the Fed meeting – Volatility Watch

Posted on September 24, 2024 at 10:47 am GMT

Euro/dollar volatility remains low as dollar underperforms Volatility in commodities stays elevated, led by gold Stock indices experience decent volatility despite the rally Euro/dollar volatility has eased a bit over the past week, as the market digested the strong Fed rate cut. Similarly, volatility of most yen crosses has dropped aggressively lower, as the yen surrendered part of its recent sizeable gains, despite the fact that the BoJ maintained the chances of another rate hike in 2024. Volatility in the commodities’ space remains elevated [..]

Daily Comment – China’s stimulus blitz supports positive equities sentiment

Posted on September 24, 2024 at 7:49 am GMT

Dollar tries to recover as Fedspeak favors further cuts China announces new measures, positive initial market reaction Aussie benefits from another hawkish RBA meeting Gold, oil and pound rallies continue Debate for the next Fed cut intensifies US stocks remain in a positive mood as Fed speakers continue to advocate for further rate cuts, despite the fact that the US data confirm the strength of the US economy. Although the first Fed rate cut was almost unanimously approved, there seems to [..]

Technical Analysis – EURGBP sinks to the lowest since 2022

Posted on September 24, 2024 at 7:15 am GMT

EURGBP resumes downtrend, falls rapidly to 2½-year low Oversold signals detected, price trades at the bottom of a channel EURGBP plummeted to a 2½-year low of 0.8316 but held above the support line of the almost one-year-old bearish channel, fueling hopes that the bulls could still find a footing. It is important to exercise caution as the RSI and stochastic oscillator have not yet found a bottom in the oversold zone, suggesting that downside pressures could persist for a [..]

Technical Analysis – EURGBP trades within tight channel

Posted on September 18, 2024 at 8:10 am GMT

· EURGBP finds strong resistance at 50-day SMA · Momentum oscillators hold below their mid-levels EURGBP is trading within a narrow range of 0.8420-0.8460 over the last couple of weeks, remaining capped by the flat 50-day simple moving average (SMA) around the 0.8460 resistance. Technically, the RSI indicator is pointing south marginally beneath the 50 level; however, the MACD oscillator is holding above its trigger line beneath the zero line with weak momentum. More downside pressures and a successful dive [..]

Volatility eases a bit ahead of the key Fed meeting – Volatility Watch

Posted on September 17, 2024 at 10:51 am GMT

Euro/dollar volatility remains low as dollar weakness lingers Volatility in commodities stays elevated led by silver Stock indices and bitcoin experience lower volatility Euro/dollar volatility remains low as the market is preparing for the key Fed meeting on Wednesday that could deliver a previously unexpected 50bps rate cut. Amidst these conditions, yen pairs are experiencing the highest volatility of the past month as the yen continues to outperform its main counterparties on the back of divergent monetary policy. Volatility in gold has increased somewhat, partly [..]

Could BoE surprise with a rate cut on Thursday? – Preview

Posted on September 16, 2024 at 2:23 pm GMT

BoE meeting concludes on Thursday, the day after the Fed Economists assign an almost zero chance of a rate cut Wednesday’s CPI and the Fed rate cut could lead to a surprise BoE move Pound to benefit from an uneventful meeting BoE will announce its rate decision on Thursday The Bank of England is joining the chorus of the central bank meetings on Thursday. While the market will be digesting the first Fed rate cut since March 2020, Governor Bailey [..]

Technical Analysis – EURGBP bounce higher might prove short-lived

Posted on September 11, 2024 at 2:47 pm GMT

EURGBP is edging higher today, a tad below its 50-day SMA Euro gains today after a weak set of UK data prints Momentum indicators ready to signal a bullish move EURGBP is trading higher today, relatively close to its 50-day simple moving average (SMA) after testing, but, once again, failing to close below the 0.8401 level. The euro is preparing for Thursday’s ECB meeting, which is expected to deliver another rate cut, with the pound suffering after a relatively weak [..]

Daily Comment – Equities are directionless ahead of US inflation report

Posted on September 11, 2024 at 8:23 am GMT

Mixed movements in equities as markets prepare for CPI Strong possibility for a downside surprise in inflation US presidential debate dominates headlines Bitcoin suffers while gold and yen rally Stocks are in anticipation mode US equity indices were mixed yesterday with the Nasdaq 100 index recording another green day and the Dow Jones mimicking the European stock indices’ negative performance. Market participants are most likely preparing for a period that includes key market events, like next week’s Fed meeting, starting today with [..]

Equities volatility jumps as sentiment turns negative – Volatility Watch

Posted on September 10, 2024 at 10:41 am GMT

Euro/dollar volatility remains low as market digests US data prints Volatility in commodities remains low apart from oil Stock indices and bitcoin experience much higher volatility Volatility in the main FX pairs, including euro/dollar, has eased in the past few days as the market is digesting last week’s US labour market data and preparing for Wednesday’s CPI report, which could play a role in determining the size of the imminent Fed rate cut. On the other hand, yen pairs are experiencing higher volatility [..]

Daily Comment – Equities rebound but face danger from US presidential debate

Posted on September 10, 2024 at 8:19 am GMT

Equities turn positive, but sentiment is fragile US presidential debate today could prove market moving UK labour market data supports the pound Bitcoin gains as risk sentiment improves, gold is range-bound Stocks breathe better US equity markets recorded gains in yesterday’s session, with the Nasdaq 100 index leading the rally, and euro/dollar dropped close to 1.1030 despite the fact that most participants remain uncertain about next week’s Fed rate cut size and confused about the medium-term outlook of the global economy. [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

EURGBP

XM Live Chat