All Articles Tagged - EURGBP

Technical Analysis – EURGBP recoups losses after 2-year low

Posted on July 18, 2024 at 9:31 am GMT

EURGBP rises but the outlook remains bearish MACD and RSI suggest bullish move in near term EURGBP rebounded off the two-year low of 0.8382 that was posted during Wednesday’s session, with the technical oscillators confirming an upside reversal. The RSI is sloping upwards after the pullback from the 30 level, while the MACD is trying to regain some ground beneath its trigger and zero lines. Immediate resistance to more advances could be found at the 0.8430 barrier, ahead of the 20-day [..]

Market Comment – Stocks suffer a fall but not sounding the alarm yet

Posted on July 18, 2024 at 8:00 am GMT

Stocks under pressure but dollar fails to make gains ECB meets today, unlikely to produce a dovish shift Pound ignores data; yen continues to rally against the dollar Stock markets under pressure; feels like 2007 again Following last weekend’s events, the market is probably paying more attention to Donald Trump’s economic plan. Speculation about increased tariffs on Chinese goods, including high technology products, was probably one of the causes of the Nasdaq experiencing yesterday its weakest trading session since mid-December [..]

Technical Analysis – EURGBP trades to a new 2024 low

Posted on July 17, 2024 at 6:50 am GMT

EURGBP drops to the lowest level since August 2022 Political unrest and weaker economic data keep the euro under pressure Momentum indicators could point to a reversal soon EURGBP is hovering around the lowest level since August 2022, having recorded a decent correction from the early July local peak. The newfound political stability in the UK is supporting the pound while the euro remains under pressure on the back of the political unrest in France and a series of weaker [..]

Higher market volatility led by yen, gold and equities – Volatility Watch

Posted on July 16, 2024 at 6:58 am GMT

Euro/dollar volatility remains low despite weekend’s events Volatility in commodities jumps, apart from oil Stock indices experience stronger volatility, decoupling from Bitcoin Euro/dollar volatility remains very low despite last week’s weaker CPI report and the weekend’s gun attack on the Republican Presidential candidate. On the flip side, volatility in yen crosses has increased considerably as the BoJ is rumoured to have intervened last week in dollar/yen, ahead of the end-July BoJ gathering. In the meantime, volatility in gold has jumped to the highest level of the [..]

Market Comment – A confused market tries to find its footing

Posted on July 15, 2024 at 7:49 am GMT

Dollar is steadier following the weekend’s events Chairman Powell speaks today as outlook becomes challenging Bitcoin benefits from developments and gold remains above $2,400 China’s CPC plenary starts today and could generate headlines Market digests the events of the weekend A numb start to the trading week as the market is digesting the weekend’s events regarding the US Presidential candidate Donald Trump. The attack during a Republican rally in Pennsylvania brought back memories from a distant past. There is lots [..]

Technical Analysis – EURGBP remains bearish as recent bounce runs out of steam

Posted on July 10, 2024 at 9:21 am GMT

EURGBP meets resistance at 20-day SMA Momentum oscillators extend bearish structure. EURGBP is currently fighting with the 20-day simple moving average (SMA) near 0.8450, failing to extend the pullback from 0.8430 to the upside. The RSI is moving lower below the 50 territory, while the MACD is extending its negative momentum beneath its trigger and zero lines. Further losses could follow the September low of 0.8430, which has been acting as a major support over the last three weeks. A [..]

Lower FX volatility as equities appear agitated – Volatility Watch

Posted on July 9, 2024 at 6:51 am GMT

Euro/dollar volatility drops aggressively Volatility in commodities increases a tad, apart from oil S&P 500 and Nikkei 225 indices’ volatility jumps Euro/dollar volatility has eased further over the past week as the market is feeling more relaxed after Le Pen’s far-right party failed spectacularly to win the highest number of seats in the second round of the French parliamentary election. Similarly, volatility in yen crosses has dropped a bit as the weaker US data prints have provided some breathing space to the ailing [..]

Could the post-UK elections market moves resemble 1997 and 2010? – Special Report

Posted on July 3, 2024 at 8:44 am GMT

Thursday’s UK elections expected to bring political change Similar developments in both 1997 and 2010 weighed on the pound History points to a significant easing in pound volatility across the board Recent FTSE 100 performance matches the 2015 pre-election moves General election in sight The UK general election will be held this Thursday, July 4, the day that the US will be celebrating its 248th anniversary from the adoption of the Declaration of Independence. The Labour party is expected to comfortably [..]

Yen volatility remains high as equities appear calmer – Volatility Watch

Posted on July 2, 2024 at 6:50 am GMT

Euro/dollar volatility jumps after French elections Volatility in commodities eases, apart from oil Stock indices’ volatility falls ahead of key data releases Euro/dollar volatility has eased over the past week as the market is breathing slightly easier following Sunday’s French elections result. On the flip side, volatility in yen crosses remains extremely high as market participants continue to provoke the BoJ by pushing dollar/yen above the level that led to the end-April intervention. In the meantime, volatility in both gold and silver has eased considerably despite the [..]

Weekly Technical Outlook – EURGBP, USDJPY, USDCAD

Posted on July 1, 2024 at 9:03 am GMT

French elections help euro to recoup some losses Friday’s NFP report is the week’s main driver as USDJPY holds near highs Canadian employment report next in focus with USDCAD in range French and UK elections –> EURGBP The euro experienced an increase on Monday following the initial round of France’s election, which resulted in the far-right party taking the lead, albeit by a smaller margin than anticipated. The far-right National Rally (RN) party, led by Marine Le Pen, emerged as the winner in the initial [..]

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