All Articles Tagged - EURGBP

Rate hike bets fire up pound again, UK data may be shrugged off – Forex News Preview

Posted on January 12, 2022 at 2:37 pm GMT

GDP, industrial production and trade figures will be the first major set of data releases out of the UK in 2022 on Friday (07:00 GMT). However, as the data was collected before the Omicron variant started spreading like wildfire and as no new restrictions are currently on the horizon, markets will be more focused on the Bank of England’s next course of action. Rate hike expectations are building up again and the renewed speculation has put the wind in the [..]

Technical Analysis – EURGBP continues its descending move; bearish forces linger

Posted on January 10, 2022 at 9:08 am GMT

EURGBP came under pressure during December, crossing below its 50- and 200-day simple moving average (SMA). Moreover, the pair has marked yet more lower lows, reinforcing its overall bearish outlook. Short-term momentum indicators are supporting a negative bias for the pair as the RSI is found below its 50 neutral mark, while the MACD is located below zero and its red signal line. Should the bears maintain control, initial resistance might be found at the 0.8332 level. A break below [..]

Week Ahead – US inflation report to decide dollar’s fate

Posted on January 7, 2022 at 2:29 pm GMT

The new year has kicked off with a sharp spike in yields, which has turbocharged the US dollar but demolished the Japanese yen. Whether this trend persists will depend on next week’s US inflation report, as that could decide whether the Fed will begin its rate hike cycle in March already. Peak US inflation soon? The US economy is in pretty good shape. The labor market will likely return to full employment this year, consumption is booming, the Atlanta Fed [..]

Eurozone inflation to ease slightly; bad news for the euro? – Forex News Preview

Posted on January 5, 2022 at 2:36 pm GMT

The flash inflation estimates for December will hit the market on Friday at 10:00 GMT. The headline rate is anticipated to edge lower, but remain extremely elevated. Upcoming data are not expected to offer the much needed positive relief for the euro, which had its worst year against the US dollar since 2015, as the European Central Bank (ECB) is unlikely to speed up its normalization plans. Eurozone inflation is running hot Inflationary pressures in the Eurozone have been spiraling, [..]

Daily Market Comment – Sterling shines as yields rally, stocks mixed

Posted on January 5, 2022 at 9:52 am GMT

Global spike in yields boosts sterling and US dollar, crushes yen Stock markets mixed as traders rotate towards ‘cheaper’ sectors Fed minutes and ADP jobs report coming up today Sterling leads the pack Every asset class has been dancing to the tune of rising bond yields this week. The bond market is essentially saying that some central banks will raise interest rates with force to combat inflation and that the Omicron outbreak is not enough to derail those plans, or [..]

US Open Note – Dollar hits five-year high against yen; OPEC next on the radar

Posted on January 4, 2022 at 1:45 pm GMT

Omicron virus does not affect economic recovery Despite concerns about the extremely contagious omicron virus subtype, investors are focusing on the economic recovery from the pandemic and central bank’s plans for stimulus reduction at this time. In the FX market, the focus today is on dollar/yen, which surged to a new five-year high of 116.33 as risk-on sentiment pressed safe-haven currencies such as the yen. It may be difficult for sellers to reverse the trend. The BOJ will stay the most dovish, so the weak [..]

US Open – Stocks set for a muted opening; Omicron fears ease

Posted on December 29, 2021 at 1:34 pm GMT

Omicron not yet a problem for the US economy; dollar firms Omicron fears are easing on growing evidence that the fast-spreading variant leads to milder symptoms. This has prompted optimism about the US growth outlook as the strain has not yet weighed on economic data, despite the surging daily cases of the past week. The Richmond Fed’s manufacturing survey released on Tuesday rose in December beating consensus estimates. Firms reported their intention to continue raising wages to attract and retain [..]

Technical Analysis – EURGBP directed lower by 200-MA

Posted on December 29, 2021 at 12:09 pm GMT

EURGBP sellers have remained in control for more than a week, exacerbating a downward move beneath the Ichimoku cloud after the 200-day simple moving average (SMA) curbed recent attempts of the pair to advance. The relatively flatlined SMAs are endorsing a sideways trajectory and are making it difficult for the price to boost upside momentum. The Ichimoku lines and the cloud are not hinting of a clear price direction, while the short-term oscillators are exhibiting mixed messages regarding the bearish [..]

US Open – Wall Street eyes new record highs

Posted on December 27, 2021 at 1:53 pm GMT

Dollar climbs; Pound continues its advance The US dollar ticked higher on Monday against a basket of currencies, while the 10-year Treasury yield remained relatively unchanged. The perceived risk-on mood which dominated the markets over the past week continues to weigh on the Japanese yen, which incurred significant losses today against the greenback. Furthermore, commodity based currencies such as the loonie, the aussie and the kiwi are struggling with the latter declining the most versus the euro and the dollar. Last week, the British [..]

Weekly Comment – Risk appetite returns; China PMI could revive slowdown fears

Posted on December 23, 2021 at 1:29 pm GMT

Stocks staged an early-week comeback after the hawkish turn from central banks had pummelled risky assets. Meanwhile, the British pound capitalized on the BoE’s unexpected rate hike last Thursday, emerging as the undisputed winner in the FX arena. The upcoming week seems relatively quiet, with the spotlight shifting on Chinese PMI and US consumer confidence data. Highlights: In Japan, jobs and industrial production data will be released on Tuesday. However, it is unlikely to offer a significant boost for the [..]

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