All Articles Tagged - EURGBP

Volatility Report – December 19, 2023

Posted on December 19, 2023 at 10:29 am GMT

EUR/USD volatility eases aggressively, major JPY crosses remain in turbulent waters Gold and oil volatility at their midpoints, silver expected to experience sizeable moves Volatility drops in stock indices except JP225; Bitcoin returns to calmer periods EUR/USD expected volatility dropped to the lowest level of the past 30 days as the market appears to be preparing for the much-needed break. However, volatility in yen crosses remains extremely elevated but it is eventually expected to embrace the festive spirit. In commodities, [..]

Will UK CPI please the market ahead of the festive break? – Preview

Posted on December 18, 2023 at 1:28 pm GMT

Market recovering from Thursday’s relatively hawkish show by the BoE Pound would benefit against the euro from an upside CPI surprise November inflation report will be released on Wednesday (07.00 GMT) A surprisingly hawkish BoE last week Contrary to market expectations and the Fed setting the scene for a dovish round of central bank gatherings, the Bank of England did not pivot at last week’s meeting. Somewhat surprisingly, three BoE members continue to vote for another 25bps rate hike and [..]

Technical Analysis – EURGBP rises above 0.8600

Posted on December 13, 2023 at 11:32 am GMT

EURGBP failed to cross below 0.8555 Upside moves may be next EURGBP is regaining some ground after the several attempts to move beneath the 0.8555 support level. According to technical oscillators, the RSI is ticking north after the bounce off the 30 level, while the MACD is strengthening its upside momentum above its trigger line in the negative region. To attract new buyers, the bulls will have to surpass the nearby resistance of 0.8610 and move beyond the 20-day SMA at 0.8640, [..]

BoE policy decision: keep it neutral as it can go – Preview

Posted on December 13, 2023 at 9:16 am GMT

BoE to keep rates steady at 5.25% and stick to existing guidance Avoid rate cut signals as no press conference or new projections scheduled No rate cut surprises expected; UK economy is still resilient The Bank of England (BoE) will review its monetary policy during the last meeting of the year on Thursday after the Fed and the ECB have their say. Investors are certain that interest rates will remain steady for another month, but they will probably not [..]

Volatility Report – December 12, 2023

Posted on December 12, 2023 at 12:28 pm GMT

EUR/USD volatility in neutral zone, major JPY crosses in turbulent waters Gold and silver follow opposite volatility paths, oil remains quiet Volatility picks up in stock indices except S&P500; Bitcoin set for sizeable moves EUR/USD expected volatility remains subdued despite the crucial CPI print expected later today. Meanwhile, the Yen has disrupted a period of calmness across the currency board as its pairs are the only ones showing a jump in volatility relative to last week. In commodities, gold volatility is fading following [..]

Volatility Report – Introducing our new weekly publication

Posted on December 12, 2023 at 12:25 pm GMT

Hello XM customers/viewers, Today we are introducing our new weekly post that helps you locate instruments that might make big moves in the coming sessions; the Implied Volatility Table. So, what is Implied Volatility and why it is important? Implied or expected Volatility is a forecast of a likely movement in a financial instrument’s price, which is derived from market-traded option prices. The instrument could be an individual stock, a commodity, an equity index, a currency pair, or even a [..]

Will ECB set the stage for an early 2024 rate cut ? – Preview

Posted on December 11, 2023 at 8:47 am GMT

The final ECB rate-setting meeting for 2023 could hold surprises Market looks for rate-cut hints; extra focus on projections and overall rhetoric Decision will be announced on Thursday 12.15 GMT, press conference at 12:45 GMT Is President Lagarde ready for a dovish tilt? This week is shaping up to be a cracking one as the final ECB meeting for 2023 will be held on Thursday, a day after the respective Fed gathering. Armed with the latest projections and, following two [..]

Technical Analysis – EURGBP moves sideways after significant plunge

Posted on December 7, 2023 at 10:25 am GMT

EURGBP fails to extend negative structure 20- and 200-SMAs post death cross EURGBP is stubbornly fighting the nearby 0.8555 support level for the fifth consecutive trading day, after the strong sell-off from the 0.8765 resistance. The pair is holding well below the penetrated uptrend line and the 20- and the 200-day simple moving averages (SMAs) are ready for a death cross. The technical picture suggests a neutral-to-bearish bias at the moment as the MACD remains negatively charged below its trigger [..]

Technical Analysis – EURGBP drops beneath uptrend line

Posted on November 29, 2023 at 8:28 am GMT

EURGBP plunges below short-term SMAs Price creates 5-day bearish move MACD and RSI stand in negative areas EURGBP is posting the fifth straight red day, breaking the short-term uptrend line to the upside and falling beneath the simple moving averages (SMAs), being ready for a bearish correction. From a technical perspective, the RSI is diving beneath the neutral threshold of 50 and the MACD crossed the zero line to the downside. Both suggest that the next movement would be to [..]

Has the inflation fire been extinguished by the ECB? – Preview

Posted on November 27, 2023 at 9:52 am GMT

Key data releases on the menu as the ECB meets in two weeks ECB officials have been toning down their hawkish commentary The euro would welcome a strong inflation print and the ensuing hawkish rhetoric German CPI will be released on Wednesday; EZ aggregate on Thursday 10 GMT Two weeks left for the last ECB meeting for 2023 With the Thanksgiving holiday break behind us, we are on the homestretch now for 2023. The market is counting down to the [..]

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