All Articles Tagged - EURGBP

Commodities’ volatility jumps due to geopolitics – Volatility Watch

Posted on May 21, 2024 at 2:45 pm GMT

Euro/dollar volatility eases aggressively Volatility in gold and silver skyrockets US equities enjoy low volatility amidst weekly gains Euro/dollar volatility has dropped aggressively as the market is adjusting to a quieter data calendar that nevertheless includes a plethora of Fed speakers. Similarly, volatility in yen crosses remains moderate as market participants, especially in dollar/yen, appear unwilling to further provoke the BoJ and risk significant losses. On the contrary, volatility in the commodities space has gone through the roof. While oil price volatility has eased further despite the latest [..]

Higher euro/dollar volatility ahead of US CPI report – Volatility Watch

Posted on May 14, 2024 at 2:25 pm GMT

Euro/dollar enjoys strong volatility ahead of key data releases Gold and silver see higher volatility amidst muted price rally Volatility drops in US equities as risk appetite returns Euro/dollar volatility has jumped higher as the market is preparing for some key US data prints. On the flip side, volatility in yen crosses remains moderate after the recent Japanese interventions, with market participants trying to avoid further provoking the BoJ at this stage. Volatility in the commodities space remains mixed. Oil price [..]

Technical Analysis – EURGBP runs out of steam near 0.8600

Posted on May 9, 2024 at 8:42 am GMT

EURGBP struggles to surpass 0.8600 and 200-day SMA Short-term bias is positive, but signs of oversold market exist Bank of England announces rate decision today at 11:00 GMT EURGBP started May’s session on the right foot, swiftly reversing up after touching the support trendline taken from the March lows. On Wednesday, the pair reached a high of 0.8616, but it quickly lost most of its gains and closed below the 200-day SMA around 0.8600. The RSI indicates more bullish potential [..]

Market Comment – US dollar recovers, stocks’ rally stalls as market tries to find its footing

Posted on May 8, 2024 at 7:49 am GMT

Fed expectations drive the market; three Fed speakers on the wires today Dollar recovers but all eyes are on the US stocks and Treasury yields The pound prepares for the BoE meeting as elections gain more airtime Yen on the back foot again; gold steady amid the Israeli ground operation Dollar recovers, equity rally stalls The US dollar has almost erased its NFP losses against the euro as the US stock indices’ rally has stalled. Dovish expectations have taken centre [..]

Could the BoE adopt a more dovish stance on Thursday? – Preview

Posted on May 3, 2024 at 9:35 am GMT

The BoE meets on Thursday; no interest rate change is expected Quarterly projections could support market expectations for rate cuts Pound in need of a boost against the euro Decision time for the BoE The Bank of England will hold its third gathering for 2024 on Thursday. The press statement, the meeting’s minutes and the Monetary Policy Report will be published at 11:00 GMT, with the important press conference following 30 minutes later. The market expects no change at the [..]

Besides yen pairs, neutral volatility across the board ahead of Fed and NFP – Volatility Watch

Posted on April 30, 2024 at 9:55 am GMT

Japan’s intervention spurs volatility in yen pairs, usual action elsewhere in FX market Commodities enjoy lower volatility as geopolitical tensions subside Equities at neutral volatility levels during earnings season, Bitcoin volatility picks up Volatility in yen crosses has exploded on the back of a suspected Japanese intervention. Moreover, apart from dollar/yen, other dollar pairs are trading in the middle of their volatility range ahead of the Fed decision on Wednesday and NFP report on Friday. Volatility in the commodity space has also dropped, particularly [..]

Slightly lower volatility across the board ahead of key US data – Volatility Watch

Posted on April 23, 2024 at 9:54 am GMT

Lower volatility is on the cards for the FX market Gold to enjoy lower volatility; oil probably too quiet considering geopolitics Equities volatility remains elevated, especially in JP225 index Volatility in EUR/USD has eased up a bit but remains high amidst continued rhetoric for an ECB rate cut in June. Geopolitical events have also played a crucial role in maintaining volatility high in the remaining currencies, including the yen and pound crosses, with the former facing a real risk of market intervention and the latter being affected by a [..]

Technical Analysis – EURGBP brings bullish scenario back to the table

Posted on April 22, 2024 at 3:38 pm GMT

EURGBP trends higher, defends double bottom pattern Technical indicators suggest limited room for improvement Bulls must close above 0.8630-0.8650 region to continue higher EURGBP refused to close below the 0.8528 support territory and instead bounced up aggressively to print a new higher high at 0.8642 on Monday – the highest since January 2024. The latest bullish wave put confidence back in the February-March double bottom pattern, which is a sign of a positive trend reversal. Yet, with the RSI and [..]

Technical Analysis – EURGBP maintains bearish bias amid pennant formation

Posted on April 17, 2024 at 12:08 pm GMT

EURGBP tests uptrend line as it resumes slide Risks are tilted to the downside But pennant pattern suggests more consolidation EURGBP has been drifting lower after its latest attempt to break above the medium-term descending trendline failed, peaking at 0.8585. The price briefly touched the short-term uptrend line just below 0.8520 earlier today before bouncing higher. But as it remains below its 20- and 50-day simple moving averages (SMA), the risks are tilted to the downside, and this is [..]

Market Comment – Geopolitics and Fedspeak keep stocks under pressure

Posted on April 17, 2024 at 8:22 am GMT

Stocks remain under pressure as Fedspeak and US data dent rate cuts chances Dollar remains dominant against both the euro and the yen UK inflation surprises on the upside; the pound tries to rally A plethora of Fed, ECB and BoE speakers to keep the market on its toes today Stocks remain under pressure across the globe The market’s attention remains firmly on Middle East developments. With Israel opting for a low-key verbal reaction over the past 24 hours, the [..]

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