All Articles Tagged - EURGBP

European Open Preview – Markets quiet as trade talks resume

Posted on February 19, 2019 at 8:45 am GMT

Markets quiet as new round of trade talks kicks off Sterling unfazed as Labour MPs split, looks to UK jobs data today Yen ticks down after BoJ chief teases further easing Subdued market moves ahead of fresh negotiating round Stocks in Asia are mostly in the green on Tuesday, albeit only modestly so, while US markets remained closed on Monday for a public holiday. Moves in the FX market were equally subdued to kick off the week, with price action [..]

European Open Preview – Stocks & commodity currencies cheer trade progress

Posted on February 18, 2019 at 8:48 am GMT

Risk sentiment buoyed by signs of progress in US-China talks, though risk of auto tariffs casts shadow ECB’s Coeure sends the euro lower, but single currency bounces back US and Canada closed for today, attention may be on Brexit Stocks rally alongside commodity currencies amid trade “progress” Encouraging headlines around the US-China trade talks boosted global risk sentiment on Friday, following the conclusion of the high-level talks in Beijing. Both sides played up hopes for a deal, with President Trump [..]

Technical Analysis – EURGBP opens with gap down; soft momentum in near term

Posted on February 18, 2019 at 7:58 am GMT

EURGBP opened with a gap down on Monday, challenging the 20-simple moving average (SMA) in the daily timeframe after it topped on the 0.8840 resistance level in the preceding week. Currently, the price is covering this gap and moving higher. In the near term, the pair could consolidate as the RSI is flattening slightly below the 50 neutral mark, while the MACD continues to improve above its red signal line and towards zero but with softer speed. However, the stochastics [..]

European Open Preview – Dollar, stocks retreat as data and trade talks disappoint

Posted on February 15, 2019 at 8:46 am GMT

Dollar and equities pull back after US retail sales plummet and trade talks seem likely to disappoint Pound underperforms as PM May loses another Brexit vote Euro/dollar stabilizes somewhat, supported by rate differentials UK retail sales and early US data for February coming up today Dollar drops alongside stocks as retail sales plunge, trade optimism fades The dollar retreated in tandem with US equity markets yesterday, both giving back some of their recent gains, following disappointing US data and signs [..]

European Open Preview – Markets climb on trade euphoria; dollar rally revitalized

Posted on February 14, 2019 at 8:54 am GMT

Stock markets grind higher as trade hopes grow, but caution warranted Dollar bulls back in the driver’s seat as core inflation beats forecasts Aussie and kiwi outperforming on Chinese data; focus on trade talks Trade euphoria keeps markets afloat as talks commence, but mind the risks US stock markets continued their march higher yesterday, and futures suggest they are set to open in the green today as well, buoyed by optimism around trade after the US President indicated the talks [..]

European Open Preview – Kiwi roars back as RBNZ disappoints the bears

Posted on February 13, 2019 at 8:45 am GMT

Kiwi skyrockets after RBNZ refrains from signaling rate cuts, but downside risks linger Trump’s trade comments reinvigorate risk appetite UK and US inflation data highlight the agenda today RBNZ fails to live up to market’s dovish expectations, kiwi explodes up As expected, the Reserve Bank of New Zealand (RBNZ) kept its policy unchanged overnight, maintaining a relatively balanced tone overall. It acknowledged that downside risks have increased, particularly on a global level, but retained some optimism on the outlook. Most [..]

European Open Preview – Dollar rips higher; RBNZ meeting in focus

Posted on February 12, 2019 at 8:41 am GMT

Dollar soars as ‘there is no alternative’; Fed’s Powell speaks at 17:45 GMT News US government shutdown may be avoided support risk sentiment RBNZ meets overnight; may strike a cautious tone, but is unlikely to be as dovish as market pricing implies Dollar rips higher, but can the bulls stay in control? The greenback shined for yet another session, continuing its unrelenting rally for an eighth day in a row versus a basket of major currencies, without much in the [..]

Technical Analysis – EURGBP stance neutral in short and medium term

Posted on February 11, 2019 at 9:19 am GMT

EURGBP topped its rally at two-week highs last Tuesday and reversed lower to finish the week slightly negative. In the near term, the pair could consolidate as the negative momentum in the RSI seems to be slowing down slightly below the 50 neutral mark, while the MACD continues to improve above its red signal line and towards zero but with softer speed. On the upside, the pair could retest the two-week high of 0.8820 after surpassing the 0.88 round level, which is the 38.2% [..]

European Open Preview – Dollar extends winning streak; franc suffers mini “flash crash”

Posted on February 11, 2019 at 8:47 am GMT

Dollar ticks up, stocks mixed as risk sentiment remains fragile Swiss franc had a mini “flash crash” overnight, amid thin liquidity conditions UK GDP data due today, but focus remains on Thursday’s Brexit vote in Parliament Dollar climbs, stocks steady as sentiment remains wobbly The dollar advanced for a 7th straight session against a basket of currencies on Friday, albeit only modestly, as investors sought the security of the world’s reserve currency amid concerns around the health of the global [..]

European Open Preview – Stocks retreat on trade woes; BoE ‘holds the line’

Posted on February 8, 2019 at 8:43 am GMT

Risk aversion returns as Trump reignites trade fears, says he won’t meet Xi soon Sterling rebounds as BoE sticks to hiking plans, but Brexit uncertainty lingers Euro drifts lower after EU Commission slashes growth forecasts Canadian employment data coming up Stocks take a hit as Trump says he won’t meet Xi soon US equity markets closed well in the red yesterday, with the S&P 500 shedding 0.94%, following headlines that President Trump will not meet President Xi before the March [..]

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