All Articles Tagged - EURGBP

Forex Market Review (Asian Session) – Euro strong on improved Eurozone sentiment; pound flat as May heads to Brussels

Posted on November 24, 2017 at 8:56 am GMT

With markets remaining partially closed on Friday for the Thanksgiving holiday week, the dollar was firmer in Asia, gaining on rising Treasury yields. In Japan, however, investors who also had a day off on Thursday, returned to their offices, pushing the yen lower as Japanese and Chinese stocks traded higher after a strong sell-off on Thursday. The dollar index, which gauges the dollar’s strength against six major currencies, rose slightly from two-month lows on Thursday to 93.19 as US Treasury yields inched up late on Thursday. However, concerns over [..]

Forex Market Review (European Session) – Euro boosted on upbeat PMI figures; dollar index records 6-week low

Posted on November 23, 2017 at 3:44 pm GMT

The euro was on the rise during today’s European trading relative to major other currencies as preliminary November eurozone PMI figures surprised to the upside. The greenback was on a negative footing after markets interpreted the Fed minutes from its latest meeting as being on the dovish side, while the Canadian dollar lost ground after retail sales out of the country came in below analysts’ projections. At 1525 GMT, the dollar’s index against a basket of currencies was 0.1% lower [..]

Forex Market Review (European Session) – Pound falls after Hammond downgrades economic outlook; euro rebounds as eurozone consumer confidence surprises to the upside

Posted on November 22, 2017 at 4:35 pm GMT

The British Budget for 2018 was the main focus during today’s European trading session, while a strip of economic releases out of the US also attracted some attention. The pound posted short-lived losses after British official budget forecasters downgraded the country’s economic outlook, while the dollar dipped into losses after strong flash readings on eurozone confidence activated euro bulls. The British Finance Minister, Philip Hammond, delivered the UK’s budget statement for 2018 in the Parliament on Wednesday, announcing that official GDP forecasts were lowered for the [..]

Forex Market Review (Asian Session) – Dollar on the backfoot as Treasury yield gap flattens; oil heads to two-year high

Posted on November 22, 2017 at 8:48 am GMT

The dollar was on the backfoot in Asia on Wednesday as the US yield curve flattened to its lowest spread in a decade, while dovish comments from the Fed chief late on Tuesday dragged the currency even lower ahead of the Fed meeting minutes. Energy markets also posted significant moves during the session, with oil prices heading towards two-year high levels. The difference between the 2-year and 10-year US Treasury yields touched the lowest since November 2007 on Tuesday, spreading fears of a possible economic downturn. This [..]

Forex Market Review (European Session) – Aussie bounces after RBA Lowe says next rate move is up; Turkish lira hits record low

Posted on November 21, 2017 at 4:25 pm GMT

The aussie overperformed its peers during the European session, posting a strong rebound after the RBA governor ruled out the possibility of expanding stimulus monetary policy. On the other hand, the Turkish lira hit a record low against the greenback after the Turkish president threatened to take control of the Central Bank of the Republic of Turkey (CBRT). Speaking at a dinner event in Sydney, the RBA governor underlined that “there is not a strong case for a near-term adjustment [..]

Forex Market Review (Asian Session) – Euro drifts lower as German elections loom; dollar recovers despite tax risks

Posted on November 20, 2017 at 8:57 am GMT

The euro was the worst performer among its major peers on Monday after German negotiations to form a coalition government broke down during the weekend. Consequently, the dollar index jumped on the news, but the yen might attract investors’ attention this week as the future of the US tax overhaul is still unclear. The German Chancellor, Angela Merkel, failed to meet the second deadline to form a three-way coalition government during the weekend after the liberal FDP party announced on late Sunday that it would pull [..]

Forex Market Review (European Session) – Dollar on track for second weekly decline; loonie down on falling hike expectations

Posted on November 17, 2017 at 3:48 pm GMT

Housing data out of the US and Canadian inflation numbers did manage to attract some attention during today’s trading though the tone for the day was set earlier with developments on the US political front – most notably a potential connection between the Trump campaign and Russia and progress on the tax story – getting the bulk of today’s focus. At 1525 GMT, the dollar index, which gauges the greenback against a basket of currencies, was 0.2% down on the [..]

Forex Market Review (European Session) – Dollar flat as US House puts tax plan to vote; pound steady after retail sales surprise

Posted on November 16, 2017 at 4:23 pm GMT

Major currencies were moving sideways during the European session on Thursday as investors were widely anticipating whether Republicans would pass their tax code in the House of Representatives later today. Economic releases out of the Eurozone, the US, the UK, and Canada were also in focus but had a moderate impact on the markets. The US lawmakers were preparing for a crucial vote on tax reforms in the House of Representatives on Thursday after 1830GMT, with Republicans feeling confident that [..]

Forex Market Review (European Session) – Dollar and stocks falter; euro and yen shine

Posted on November 15, 2017 at 3:48 pm GMT

Markets remained in risk-off mode in European trading on Wednesday, with risk assets coming under pressure while safe-havens flourished. The US dollar extended its losses against the yen despite another batch of solid data out of the United States today. The euro rallied to a one-month high against the greenback, but the pound remained range-bound. The yen was the day’s strongest currency, though its driver was not the upbeat third quarter GDP figures released in Japan earlier in the day [..]

Forex Market Review (European Session) – Euro jumps to 3-week high on upbeat GDP; pound slips on inflation miss

Posted on November 14, 2017 at 3:40 pm GMT

The euro enjoyed its strongest daily gain in a month as upbeat GDP numbers out of Europe lifted sentiment for the region. The pound came under pressure though after UK inflation missed expectations, while the US dollar remained below session highs despite US producer prices rising more than anticipated. Stronger-than-expected growth in Europe’s largest economy during the third quarter set the tone for today’s European session as investors were once again drawn to the improving outlook for the region. German [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

EURGBP

XM Live Chat