All Articles Tagged - EURGBP

Special Report – Italian elections: Europe’s and the common currency’s next big test?

Posted on February 15, 2018 at 2:10 pm GMT

Italy will be heading to the polls to elect a new national government on March 4. This is widely viewed as the common currency’s – more widely the eurozone’s and Europe’s – next major risk event. The result of the elections is far from known, with a number of possible outcomes being at play and populist-perceived forces enjoying popularity. The euro is expected to come under intense selling pressure should for example the Five Start Movement find itself ruling the [..]

Technical Analysis – EURGBP penetrates above downward sloping channel

Posted on February 14, 2018 at 3:02 pm GMT

EURGBP has jumped above the downward sloping channel which was holding since October 2017. The price broke the 0.8900 handle and is trading above the 20 and 40 simple moving averages in the short-term timeframe. When looking at the bigger picture the pair lacks a clear tendency and the next days could be significant in case of a continuation of the slight upward movement. In the daily timeframe, prices rebounded on the 0.8730 support level and based on the technical indicators, momentum [..]

US Open Preview – Dollar struggles ahead of US CPI; European stocks bounce up

Posted on February 14, 2018 at 12:29 pm GMT

Here are the latest developments in global markets: FOREX: The dollar was struggling to pare today’s losses, after touching a more than a year-low of 106.83 versus the yen and reaching a one-week-low of 89.37 against a basket of major currencies earlier today. Dollar/yen crawled slowly up to 107.47 (-0.36%) and the dollar index recovered modestly towards 89.65 (-0.06%) ahead of the US CPI figures which have the potential to shake the currency. Meanwhile, the Japanese government argued during the [..]

Week Ahead – US & UK CPI, Australian employment and Japanese growth figures on the horizon

Posted on February 9, 2018 at 3:31 pm GMT

On the face of it, it looks that the upcoming week will lack events of similar magnitude to the one we just experienced – for example, the Bank of England meeting and subsequent press conference by Governor Carney. Still, there are releases that have the capacity to keep investors on edge and lead to notable movements in forex markets: US and UK CPI and retail sales, Australian jobs data, and Japanese GDP figures are among the readings that will be [..]

US Open Preview– Dollar edges up as US government re-opens; European stocks tumble again

Posted on February 9, 2018 at 12:43 pm GMT

Here are the latest developments in global markets: FOREX: The dollar was gaining versus its major counterparts during early European trading hours, posting moderate gains after the US Congress reached a bipartisan deal on a two-year spending bill. The plan promises to increase the debt ceiling and funding on military and domestic programs, though, the markets are concerned that the bill will widen nation’s deficit. The dollar index edged up to 90.33 (+0.12%), while dollar/yen and dollar/swissie changed hands higher at [..]

European Open Preview – Kiwi records losses as RBNZ appears cautious; all eyes on the Bank of England

Posted on February 8, 2018 at 8:58 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was marginally lower on Thursday, after previously posting notable gains on Wednesday, as yields on longer-dated US Treasuries moved higher. Meanwhile, sterling was a little higher ahead of the Bank of England’s “Super Thursday” policy meeting. The kiwi dollar slipped, as the RBNZ disappointed those looking for an upbeat assessment. STOCKS: US equity indices experienced another volatile session on Wednesday, and finished lower overall. The Nasdaq Composite fell by 0.9%, the [..]

Bank of England could flag early rate hike but UK political risks simmer – Forex News Preview

Posted on February 6, 2018 at 11:03 am GMT

The Bank of England will hold a two-day monetary policy meeting this week – it’s first for 2018 – with the announcement expected on Thursday at 12:00 GMT. The Governor, Mark Carney, gave investors a peek as to what to expect from the Bank on ‘Super Thursday’ during a hearing before the House of Lords Economic Affairs Committee in Parliament last Tuesday. Expectations of a Spring rate rise have been rising since but growing unrest within the Conservative party, which [..]

European Open Preview – Dollar retreats despite rising yields; US jobs report in the spotlight

Posted on February 2, 2018 at 8:38 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was practically unchanged on Friday ahead of the US employment data, after it previously posted notable losses on Thursday. The yen tumbled against its major peers, weighed on by the BoJ’s regular bond-buying operations, which pushed Japanese bond yields lower. STOCKS: Japanese markets retreated despite the overnight tumble in the yen. The Nikkei fell 0.9%, while the Topix pulled back 0.3%. In Hong Kong, the Hang Seng was in the green, [..]

European Open Preview – Sterling bulls go into overdrive; ECB meeting in focus

Posted on January 25, 2018 at 9:06 am GMT

Here are the latest developments in global markets: FOREX: The dollar index traded marginally lower on Thursday, extending the significant losses it posted on Wednesday. Meanwhile, the British pound skyrocketed, supported by strong jobs data and increasing optimism that Britain can secure a favorable Brexit deal. STOCKS: Asian markets were mostly in the red. Japan’s Nikkei 225 and Topix indices fell 1.1% and 0.9% respectively, weighed on by the risk of an escalation in US-China trade tensions and a stronger [..]

Technical Analysis – EURGBP hits 5-week low; sharp sell-off continues

Posted on January 24, 2018 at 1:31 pm GMT

EURGBP edged sharply lower over the last hours and recorded a fresh 5-week low of 0.8710. When looking at the bigger picture the pair has been trading within a downward sloping channel since October 2017. The short-term technical indicators are bearish and point to more weakness in the market. Looking at the 4-hour chart, prices are looking capped by the 20 and 40 simple moving averages which are negatively aligned after a bearish crossover that took place on January 18. Furthermore, the RSI indicator has entered the [..]

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