All Articles Tagged - EURGBP

Technical Analysis – EURGBP makes a positive move after tumbling to almost 6-year low

Posted on March 9, 2022 at 8:25 am GMT

EURGBP is surging after the bounce off the 0.8200 round number, which is the lowest level since June 2016. The price found strong resistance at the 20-day simple moving average (SMA) around the 0.8345 level, but the technical indicators are suggesting more gains. The RSI is approaching the neutral threshold of 50, while the MACD jumped above its trigger line in the negative region. If buying interest picks up, early tough resistance could occur at the 0.8345 high, where the 20- [..]

US Open Note – Dollar and US futures look steady; gold shines

Posted on March 8, 2022 at 1:49 pm GMT

Ukraine – Russia tensions; rouble continues the drop Russia-Ukraine peace talks have made no headway, and despite Germany’s resistance to a ban on Russian energy imports, oil futures have fallen from a 14-year high reached on Monday. Analysts expect the supply shock to linger and harm growth in the coming months. A convoy of buses are on their way to Mariupol to evacuate civilians from the southern port, which has been cut off from food, water, electricity, and heat for more [..]

Technical Analysis – EURGBP battles with 50-SMA as bearish forces linger

Posted on March 2, 2022 at 9:10 am GMT

EURGBP has been trending downwards in the medium-term, generating a clear structure of lower highs and lower lows. Although the pair managed to recoup part of its losses after finding its feet at the 0.8305 region, the short-term picture has deteriorated again, with the price crossing below its 200-period simple moving average (SMA) and currently confronting its 50-period SMA. The short-term oscillators indicate that bearish forces have gained the upper hand. The MACD histogram is found beneath both zero and [..]

US Open Note – Hopes for dialogue on Ukraine restore some risk appetite

Posted on February 25, 2022 at 2:33 pm GMT

Hopes for dialogue improve market sentiment After a devastating week, Russian-Ukrainian military clashes showed no signs of de-escalation on Friday, making an invasion of Kyiv inevitable in the coming days. Even though nothing is certain at this point, the fact that Ukraine’s Western allies prefer to play the sanction game with Moscow instead of sending NATO forces, is feeding some hopes that the worst-case scenario of a broader full-scale war could be prevented, especially if Ukraine president’s requests for dialogue [..]

US Open Note – Mild sanctions improve the risk-on sentiment for now

Posted on February 23, 2022 at 1:32 pm GMT

Geopolitical ‘drama’ dominates the markets The West has implemented a set of sanctions against Russia after President Putin recognized the independence of the two breakaway regions in Ukraine, moving ‘peacekeeping’ troops into the area. The advance was interpreted as the beginning of an invasion by global leaders, as Moscow stressed that the region considered independent is not limited to the area controlled by the separatists, but extends to areas currently controlled by Kiev. However, initial sanctions were perceived to be [..]

Technical Analysis – EURGBP downtrend continues as bearish forces linger

Posted on February 23, 2022 at 8:32 am GMT

EURGBP continues its descending trend and has yet to break its series of successive lower lows as negative forces linger. Moreover, the pair is trading well below the 50- and 200-day simple moving averages (SMAs), maintaining an overall bearish outlook. Short-term momentum indicators are reflecting a negative bias as the RSI is located below its 50 neutral mark. In addition, the MACD is found below zero and its red signal line, which indicate that the negative momentum might be gaining [..]

Technical Analysis – EURGBP’s rebound pauses but bullish forces still in play

Posted on February 16, 2022 at 8:46 am GMT

EURGBP has been recouping part of its losses after its short-term decline ceased in the 0.8345 region. However, in the last few four-hour sessions, its ongoing rebound seems to be faltering as the price has adopted a more sideways pattern, while its near-term bias remains cautiously positive. The short-term oscillators indicate that despite the recent loss of momentum the bulls still hold the upper hand. Specifically, the RSI has crossed above its 50-neutral mark and the MACD histogram is currently found beneath zero [..]

US Open Note – The ‘hot’ US inflation figures rattle the markets

Posted on February 11, 2022 at 1:39 pm GMT

CPI figures drive interest rate speculation The US consumer price index (CPI) climbed to 7.5% year-over-year in January, accelerating from the previous reading of 7%. The core measure also topped consensus expectations rising to 6%, marking its largest annual gain since 1982. Commenting soon after yesterday’s inflation data release, the FOMC voting member James Bullard called for a full percentage rate hike by July, noting that he would also be open for an inter-meeting rate increase. The hotter-than-expected inflation readings fuelled speculation for a [..]

US Open Note – Yields elevated but dollar struggles to hold onto minor gains

Posted on February 8, 2022 at 1:36 pm GMT

US stock futures shaky and hawkish Lagarde backtracks Market nerves are heightened at the start of this week as long echoed factors like supply disruptions, hot employment and wage growth, are clearly revealing strong developments in price pressures, which has had global central bank action shift up a gear in one way or another. The market feeling is that central banks have been nudged on to the wagon of vigilance, ready to pounce on inflation if it starts to seriously [..]

Technical Analysis – EURGBP bears take the upper hand again

Posted on February 8, 2022 at 10:04 am GMT

EURGBP opened the week on a negative note, keeping its footing around the Ichimoku cloud and the 0.8400 handle. Trend signals remain daunting as the price continues to trade comfortably below its 200-day simple moving average (SMA), which proved to be a tough resistance area. As regards the market momentum, some pessimism seems to be building and a downside correction may be looming as the RSI is sloping down in the positive territory, while the MACD is moving with weak momentum around its zero area. Should the [..]

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