All Articles Tagged - EURGBP

European Open Preview – Dollar soars to 1½-year highs; eurozone flash inflation eyed

Posted on October 31, 2018 at 8:45 am GMT

Here are the latest developments in global markets: FOREX: The dollar soared to a fresh high last seen in June 2017 against a basket of six major currencies, as risk sentiment was reinvigorated. The pound was the worst performer, as ratings agency S&P warned of a recession in case of a no-deal Brexit. The defensive yen was the second-worst performer in the face of stronger risk appetite. Meanwhile, the aussie is on the back foot on Wednesday, giving back some of [..]

Technical Analysis – EURGBP extends recovery to 50% Fibonacci, maintains bullish bias

Posted on October 30, 2018 at 4:35 pm GMT

EURGBP continues to recover from the near 4-month low of 0.8723 touched on October 10, retracing about 50% of its August to October down move. The 50% Fibonacci around 0.8910 was broken earlier today and there is scope for further gains in the short term. The RSI is rising and hasn’t crossed into overbought territory yet, while the MACD has just turned positive after a long stretch in the negative zone. If the pair continues to head higher, the next [..]

European Open Preview – Markets bounce as Trump hints at “great deal”; eurozone GPD and German inflation coming up

Posted on October 30, 2018 at 8:57 am GMT

Here are the latest developments in global markets: FOREX: The dollar is higher by 0.17% against a basket of six major currencies on Tuesday, building on the gains it posted yesterday as risk appetite deteriorated and investors sought the safety of the world’s reserve currency. The defensive yen surprisingly underperformed despite the general risk-off mood on Monday. Meanwhile, the aussie and kiwi are both notably higher on Tuesday as risk sentiment seems to have reversed, following hints from President Trump that [..]

US Open Preview – Euro weighed by German politics; dollar green versus yen ahead of core PCE inflation

Posted on October 29, 2018 at 11:58 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen was standing at 112.13 (+0.23%), slowly recouping losses recorded on Friday, while the dollar index was moving sideways around 96.41 ahead of the US core PCE inflation index due later today. Euro/dollar was fluctuating weak around the 1.1400 mark (+0.08%) after Merkel’s Conservatives (CDU) won regional elections in the Western state of Hesse on Sunday, but with surprisingly small support. The coalition SPD partners performed even worse, leading them to question [..]

European Open Preview – Dollar flat as US GDP-related gains prove short-lived; US core PCE index due

Posted on October 29, 2018 at 8:41 am GMT

Here are the latest developments in global markets: FOREX: The US dollar was flat after giving up earlier gains following Monday’s Asian trading and most major pairs were close to the levels they closed on Friday. The dollar index was trading around 96.15, well off Friday’s high of 96.62. One currency that was managing to significantly gain against the greenback was the kiwi by nearly 0.6%. STOCKS: Markets were mixed on Monday, following the equity sell-off of the previous week. US index [..]

US Open Preview – Stocks remain in the eye of risk-off storm; US GDP on tap

Posted on October 26, 2018 at 11:23 am GMT

Here are the latest developments in global markets: FOREX: The Japanese yen is by far the best performer among the major currencies on Friday, with the session being characterized by broad-based risk aversion thus far. Dollar/yen (-0.40%) is trading just a few pips below the 112.00 handle, while euro/yen (-0.61%) touched a fresh two-month low, as investors sought the safety of the Japanese currency. The dollar is also on the front foot ahead of the release of US GDP data, [..]

European Open Preview – No love for euro despite steady ECB; US GDP growth eyed

Posted on October 26, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is little changed on Friday (-0.06%), holding on to the gains it recorded yesterday. Although there wasn’t anything new out of the US, the greenback capitalized on weakness in the euro and sterling (see below), touching fresh two-month highs against both. Meanwhile, the safe-haven Japanese yen is outperforming today, as the recovery in risk sentiment seen yesterday appears to have been short-lived. Consequently, the commodity-linked currencies (aussie, kiwi, [..]

European Open Preview – Equity selloff accelerates; ECB meeting in the spotlight

Posted on October 25, 2018 at 7:58 am GMT

Here are the latest developments in global markets: FOREX: The dollar is down by 0.21% against a basket of six major currencies on Thursday, giving back some of the gains it posted yesterday, when it capitalized on weakness in the euro. Meanwhile, the defensive yen recovered early losses on Wednesday to finish the session as the second-best performer, as the stock sell-off accelerated. The best performer was the loonie, which soared after the Bank of Canada (BoC) raised rates and [..]

European Open Preview – Risk aversion takes a breather; BoC to raise rates

Posted on October 24, 2018 at 8:14 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is nearly flat on Wednesday (+0.05%), consolidating the modest losses it posted yesterday. The defensive yen outperformed amid fragile market sentiment, though it has stabilized somewhat today. In the UK, the pound jumped higher on reports the EU may offer a UK-wide customs arrangement, but pared most of its gains on speculation PM May is likely to face a mutiny soon. In Canada, the loonie ignored a sharp [..]

European Open Preview – Stocks pressured as risk aversion strikes back; EU to reject Italy’s budget

Posted on October 23, 2018 at 7:57 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is higher on Tuesday, albeit by only 0.10%, attempting to extend the gains it recorded yesterday. The yen is reigning supreme among the G10 currencies amid renewed risk aversion, while the antipodeans aussie and kiwi are underperforming. Meanwhile, the pound is consolidating losses from yesterday, and the euro is also retaining a soft undertone amid the poor risk appetite and fading relief in the Italian bond market. STOCKS: [..]

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