All Articles Tagged - EURGBP

Geopolitical developments and stronger US data push volatility to new highs across the board – Volatility Watch

Posted on April 16, 2024 at 8:02 am GMT

Volatility remains extremely high across the FX spectrum Commodities volatility reaches new highs; Bitcoin poised for smaller moves Equities volatility is off the charts led by the S&P 500 and DAX 40 indices Volatility in EUR/USD remains very high as the pair recorded a decent weekly drop following the stronger US CPI data. Geopolitical events have also played a crucial role in pushing volatility higher in the remaining currencies, including the yen crosses, with the market now looking for bigger [..]

UK inflation report could shift the market’s focus away from geopolitics – Preview

Posted on April 15, 2024 at 7:43 am GMT

BoE’s determination could be tested if this week’s CPI prints surprise on the upside Pound could benefit from a strong set of data this week Employment data will be released on Tuesday; the inflation report on Wednesday Inflation in the spotlight At the last Bank of England meeting, which is still relatively fresh in the market’s mind, the Committee maintained its balanced approach. The UK economy is navigating through rough waters with the upcoming general elections expected to add further [..]

Technical Analysis – EURGBP’s double bottom still waits for confirmation

Posted on April 11, 2024 at 11:20 am GMT

EURGBP faces difficulty in completing a double bottom pattern above 0.8579 Technical indicators reflect a lack of bullish momentum ECB rate decision could generate fresh volatility at 12:15 GMT ECB governor Lagarde holds press conference at 13:45 GMT EURGBP drifted lower after it got another rejection from November’s resistance trendline and the 38.2% Fibonacci retracement of December-February downleg at 0.8579 earlier this week. The series of higher lows that began in March and the rising 20-day simple moving [..]

Weekly Technical Outlook – USDJPY, EURGBP, USDCAD

Posted on April 8, 2024 at 12:50 pm GMT

USDJPY has been quiet within a range for a while. Is it time for action? EURGBP keeps looking for a bullish trend reversal as ECB rate decision looms USDCAD maintains positive structure ahead of an interesting BoC meeting US CPI inflation –> USDJPY Wednesday will be an inflation day in the US. The new CPI data will cover March and will give a comprehensive overview of the first quarter. Inflation has been surpassing expectations this year, which is why [..]

Technical Analysis – EURGBP struggles to surpass 23.6% Fibo

Posted on March 20, 2024 at 9:38 am GMT

EURGBP remains in sideways channel Technical oscillators lose steam EURGBP is finding another strong obstacle to surpass within the medium-term trading range of 0.8497 to 0.8578. Specifically, the 23.6% Fibonacci retracement level of the down leg from 0.8765 to 0.8497 at 0.8560. The pair is also flirting with the 20- and the 50-day simple moving averages (SMAs) and the technical oscillators are showing some weak signals. The RSI is flattening near the neutral threshold of 50, while the MACD is standing [..]

Technical Analysis – EURGBP starts to take a bullish shape

Posted on March 13, 2024 at 9:31 am GMT

EURGBP gets rejected near 50-day SMA after rebound Market structure develops into a bullish double bottom pattern Buyers need a rally above 0.8577 to dominate EURGBP could not surpass its 50-day simple moving average (SMA) at 0.8553 on Tuesday. However, the bullish double bottom pattern, which started to take shape around February’s base of 0.8500, might generate buying interest in the coming sessions in hopes the pair will soon stage an upside trend reversal. The technical indicators have turned upwards, [..]

Technical Analysis – EURGBP posts new bearish wave in trading range

Posted on March 6, 2024 at 10:02 am GMT

EURGBP eases beneath 23.6% Fibo and SMAs Technical oscillators suggest more downside move EURGBP is posting a new bearish wave within the short-term consolidation area of 0.8500 to 0.8578. The price is currently moving slightly beneath the 20-period simple moving average (SMA) and the 23.6% Fibonacci retracement level of the down leg from 0.8765 to 0.8497 with weak momentum, reflected by the technical oscillators too. The RSI is flattening marginally beneath the neutral threshold of 50, while the MACD approached [..]

Technical Analysis – EURGBP consolidates above 20-day SMA

Posted on February 28, 2024 at 9:14 am GMT

EURGBP looks for resistance at 50-day SMA RSI confirms sideways move EURGBP has been consolidating beneath the 50-day simple moving average (SMA), which overlaps with the 0.8578 resistance level and the six-month low of 0.8500 since January 18. According to technical oscillators, the RSI is confirming the sideways movement as it is holding near the neutral threshold of 50, while the MACD is standing above its trigger line but still beneath the zero level. If the market remains above the [..]

Inflation still matters for the ECB – Preview

Posted on February 27, 2024 at 8:22 am GMT

The eurozone inflation report for February on the menu this week Most ECB members worry about the growth outlook after the mixed PMIs The euro continues to suffer again against the pound German CPI will be published on Thursday; Eurozone on Friday 10:00 GMT With global stock markets attracting lots of interest due to their consecutive all-time highs, the countdown to the March 7 ECB meeting has commenced. This gathering is considered to be a key one as, apart from [..]

Could Eurozone PMI surveys open the door to a March ECB rate cut? – Preview

Posted on February 19, 2024 at 8:24 am GMT

All eyes are on growth as PMI and IFO surveys are released this week The market could be looking for dovish hints at the ECB minutes Euro remains on the back foot against the pound Euro area PMI surveys will be published on Thursday 09:00 GMT Strong US data releases help the ECB hawks The upside surprises recorded by the recent US labour market statistics and the US inflation report have forced the market to reconsider its monetary policy expectations [..]

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