All Articles Tagged - EURGBP

Technical Analysis – EURGBP lacks clear direction in short-term

Posted on June 26, 2024 at 8:00 am GMT

EURGBP fails to recoup the negative gap RSI ticks down but MACD stands above its trigger line EURGBP is heading south after the pullback off the 20-day simple moving average (SMA) around 0.8465. The pair is moving sideways after the European elections and the negative gap that was posted back on June 10. Technically, the momentum oscillators indicate mixed signals. The RSI is sloping down beneath the neutral threshold of 50; however, the MACD oscillator is holding above its trigger [..]

Besides commodities, volatility is heightened across the board – Volatility Watch

Posted on June 25, 2024 at 10:51 am GMT

Yen crosses are very volatile as they approach intervention levels Volatility is extremely low in the commodity sphere US and global equities exhibit volatility jump, Bitcoin follows suit Volatility in yen pairs has been elevated for the past few days as they have been trading within breathing distance from the levels that Japanese authorities were willing to defend in the recent past. Meanwhile, despite some signs of stabilization on the continent, the euro remains at the upper end of its volatility range against major currencies. In commodities, gold and silver have been exhibiting low volatility amid a [..]

Market Comment – Busier calendar could support the dollar

Posted on June 25, 2024 at 8:21 am GMT

Richer US data calendar and Fedspeak today US stocks in the red again; uptrend intact Key inflation reports from both Canada and Australia Yen shows signs of life but still close to intervention level Dollar remains on the back foot The US dollar remains under pressure against the euro despite the relatively quiet newsflow. Chicago Fed President Goolsbee maintained his relatively dovish stance yesterday with the market focusing more on comments from San Francisco Fed President Daly. This relatively more [..]

Market Comment – Fedspeak and US data could prop up the dollar

Posted on June 20, 2024 at 8:34 am GMT

Back in action with a full US data calendar and Fedspeak BoE meets but unlikely to produce headlines SNB cuts rates and remains willing to intervene in FX markets Yen underperforms as Japanese officials remain quiet Dollar remains on the back foot The rare mid-week day-off in the US is over with the market mostly preparing for tomorrow’s key release of the preliminary PMI surveys, which are critical for the euro area. The relaxation of both the political fears regarding [..]

Technical Analysis – EURGBP eases again below trading range

Posted on June 19, 2024 at 7:38 am GMT

EURGBP fails to extend the bounce off 22-month low Momentum oscillators show mixed signals EURGBP is falling again today after rebounding off the 22-month low of 0.8396. The pair is still developing well below the medium-term trading range of 0.8620 – 0.8495, confirming the negative structure. According to the technical oscillators, the RSI is falling slightly above the 30 line; however, the MACD is ticking higher, trying to surpass its trigger line in the negative area. More negative pressures could drive the bears towards [..]

Volatility skyrockets in FX and stock markets – Volatility Watch

Posted on June 18, 2024 at 10:16 am GMT

Euro and pound pairs are very volatile but for different reasons Volatility is extremely low in the commodity sphere US and global equities exhibit volatility jump, Bitcoin seems quiet Volatility in euro crosses has picked up as the region suffers from political instability following the EU elections and fears of a renewed debt crisis. Also, pound pairs are very volatile ahead of the May UK CPI report on Wednesday and BoE rate decision on Thursday. In commodities, gold and silver have been exhibiting low volatility amid a period of rangebound [..]

Technical Analysis – EURGBP prints new 22-month low

Posted on June 12, 2024 at 6:56 am GMT

EURGBP continues to fall after bearish gap Price shifts neutral outlook to negative MACD and RSI hold in oversold regions EURGBP opened with a significant bearish gap on Monday after the European elections on Sunday, sending the pair towards a fresh 22-month low of 0.8416. The pair is holding well below the medium-term trading range of 0.8495-0.8620, switching the outlook to negative. Technically, the RSI is standing in the oversold region, while the MACD is looking extremely bearish as it [..]

Volatility surges across the board – Volatility Watch

Posted on June 11, 2024 at 9:46 am GMT

Forex pairs are very volatile after strong NFP report Volatility in gold and silver ticks up, oil swims in calm waters US equities exhibit volatility jump amid correction fears Volatility in dollar crosses has picked up as the stronger-than-expected NFP report dialed back rate cut expectations, while investors are bracing for the FOMC meeting and the CPI print later this week. Euro pairs are in a similar position after the EU elections sparked a wave of politically instability across major countries like France and Belgium. In commodities, gold and silver have [..]

Market Comment – Market prepares for Wednesday’s events

Posted on June 11, 2024 at 8:03 am GMT

Euro tries to recoup part of Monday’s losses US stock indices trade sideways but volatility remains high Lighter US calendar but some interest on the 10-year bond auction Pound is on the backfoot after the weaker jobs data Euro tries to recover from Monday’s drop The euro remains on the backfoot following Sunday’s European election results. The snap parliamentary elections called in France have been generating the most headlines, but the key event of the weekend was the very weak [..]

BoE stays quiet but data could speak volumes – Preview

Posted on June 10, 2024 at 7:51 am GMT

BoE stuck between strong US data and the ECB rate cut Labour market data could support August rate cut expectations All eyes on average earnings growth Could the pound maintain its recent gains? BoE remains on the sidelines While the ECB announced its first rate cut since 2019 and the Fed is preparing for Wednesday’s gathering, the Bank of England has been forced to stay on the sidelines. Its next meeting is scheduled for June 20, but the upcoming parliamentary [..]

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