All Articles Tagged - EURGBP

Market angst pushes volatility higher across the board – Volatility Watch

Posted on August 6, 2024 at 10:34 am GMT

Euro/dollar volatility skyrockets as recession fears resurface Volatility in commodities jumps as geopolitics takes centre stage Stock indices experience much stronger volatility, decoupling from Bitcoin Volatility in the main FX pairs, including euro/dollar, jumped to the highest level of the past month as fears of recession, on the back of last Friday’s weak US labour market report, resulted in the market pricing in an aggressive easing path for most central banks during 2024. Yen pairs continue to attract extra interest [..]

Volatility remains elevated across the board – Volatility Watch

Posted on August 1, 2024 at 9:21 am GMT

Yen crosses are very volatile after BoJ hike aids yen’s recovery Volatility in commodity sphere jumps amid geopolitical flare ups Global stock indices in turbulent waters but for different reasons Volatility in yen crosses has increased considerably as the latest interest rate hike by the BoJ has added more fuel to the yen’s recovery from multi-year lows against major peers. Moreover, the pound pairs have also been volatile as markets are bracing for the BoE’s rate decision later on Thursday. In commodities, volatility [..]

Technical Analysis – EURGBP battles with downtrend line

Posted on July 31, 2024 at 8:14 am GMT

EURGBP fails to extend bullish actions MACD and RSI indicate upside movements EURGBP has been fighting with the short-term descending trend line over the last four sessions and it also had a spike towards the 50-day simple moving average (SMA) near 0.8460. The technical oscillators are showing some positive signs. The RSI is heading north marginally beneath the 50 level, while the MACD is extending its recovery above its trigger line, below the zero level. A successful break above the 0.8460 barrier [..]

Is the BoE really close to announcing a rate cut? – Preview

Posted on July 30, 2024 at 1:15 pm GMT

BoE meets on Thursday with a rate cut firmly on the cards Data has been positive but doves in control of the committee Pound could suffer on Thursday but still favoured against the euro Rate announcement at 11.00 GMT with the press conference held 30 minutes later The Fed gathering matters for the BoE The Bank of England meets on August 1, the day after the Fed meeting that it is not currently expected to produce a surprise rate cut or a [..]

Market Comment – Markets in waiting mode ahead of earnings releases and risk events

Posted on July 30, 2024 at 8:11 am GMT

Key earnings releases and numerous central bank meetings coming up US stocks in waiting mode, dollar recovering across the board Key euro area data today but all eyes are on Wednesday’s BoJ meeting Gold, oil and bitcoin move in parallel Stocks are mixed ahead of this week’s key events US stock indices were mixed yesterday as the market is preparing for this week’s big events. There is lots of speculation about Wednesday’s Fed meeting but, at this stage, a dovish shift [..]

Key euro area data overshadowed by developments elsewhere – Preview

Posted on July 29, 2024 at 8:21 am GMT

Fed meeting and Middle East developments in the foreground Tuesday’s eurozone GDP figures could produce a surprise Wednesday’s inflation report unlikely to unsettle ECB expectations Euro remains under pressure against the pound Fed meeting overshadows key Euro area data With the market digesting the latest developments in the US presidential race and preparing for Wednesday’s Fed meeting, a rather busy calendar is in store for euro traders this week. The preliminary GDP print for the second quarter of 2024, the [..]

Midweek Technical Look – USDJPY, GBPUSD, EURGBP

Posted on July 25, 2024 at 12:29 pm GMT

USDJPY confirms bearish trend reversal after brutal decline; key support nearby GBPUSD escapes broad sell-off with little injuries, but downside risks remain EURGBP set the ground for a bullish pivot within bearish channel [..]

Technical Analysis – EURGBP erases some losses

Posted on July 25, 2024 at 7:02 am GMT

EURGBP fails to touch 2-year low Momentum oscillators suggest a positive move EURGBP finally reversed to the upside before touching the two-year low of 0.8382, with immediate resistance coming from the 20-day simple moving average (SMA) near the 0.8430 bar. The downward pattern started at the end of April, however, and may not change unless the market manages to crawl substantially above the descending trend line. Momentum indicators in the daily chart are currently supporting the view that positive momentum is likely to [..]

Heightened volatility across all asset classes – Volatility Watch

Posted on July 23, 2024 at 8:56 am GMT

• Yen crosses are volatile as they retreat from multi-year highs • Volatility in oil and gold surges, Bitcoin follows suit • US equities exhibit higher volatility amid correction fears The euro and dollar pairs maintain low volatility ahead of the US PCE release on Friday and a quiet week on the European data front. On the flipside, volatility in yen crosses has increased considerably as the pairs have been extending their latest pullbacks from multi-year highs. In the meantime, [..]

PMIs could momentarily take focus away from US developments – Preview

Posted on July 22, 2024 at 7:49 am GMT

Wednesday’s PMI surveys key for both the Fed and the BoE Eurozone PMI manufacturing survey could disappoint again US PMIs unlikely to unsettle September Fed expectations UK figures could surprise on the upside after the general election Important PMI survey prints this week as both the Fed and the BoE meet soon Despite last week’s stock market correction and the latest developments in the US Presidential race dominating the headlines, economic data releases this week should attract the market’s interest. [..]

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