All Articles Tagged - EURGBP

Forex Market Review (European Session) – Dollar under fresh pressure; euro back above $1.18 as Draghi speech eyed

Posted on August 21, 2017 at 2:53 pm GMT

Major pairs were locked in tight ranges on Monday as a light economic calendar and thin summer trading volumes, as well as caution ahead of the Jackson Hole gathering of central bankers prevented traders from placing large bets. Keynote speeches by both Fed Chair Janet Yellen and ECB President Mario Draghi later in the week kept traders wary despite there being a consensus that neither will deliver any new policy messages at the event in Wyoming, United States on August [..]

Week Ahead – Yellen and Draghi at Jackson Hole to take centre stage in quiet data week

Posted on August 18, 2017 at 3:28 pm GMT

All eyes will be on the central bankers gathering in Jackson Hole, Wyoming in the United States where the heads of the Federal Reserve and the European Central Bank will be making keynote speeches. The event will likely dominate traders’ attention in an otherwise muted week for data releases. The main data to watch out for will be flash PMIs out of the Eurozone, Japanese inflation figures and durable goods orders in the US. Eurozone business surveys in focus It [..]

Technical Analysis – EURGBP still bullish near 10-month highs but running out of steam?

Posted on August 18, 2017 at 7:44 am GMT

EURGBP is still looking overbought according to many technical indicators despite yesterday’s losses. The pair is currently being supported by the middle line of the linear regression channel and has avoided closing below the line during every spike downwards in the past two weeks. The RSI is flat at the 70 overbought level, and although the stochastics are trending down, it is so far a shallow slope similar to the previous downside reversal which saw the %K and %D lines [..]

Forex Market Review (European session) – Euro slides to 3-week lows on ECB overshoot concerns; dollar weighed by Trump, Fed

Posted on August 17, 2017 at 2:27 pm GMT

The euro underperformed its peers in today’s European session as a combination of option expiries and dovish ECB meeting minutes drove the single currency to three-week lows against the US dollar. The greenback managed to reverse around half of yesterday’s losses brought on by the FOMC minutes that showed growing concern among some Fed policymakers that inflation might remain below 2% for longer than anticipated. In other currencies, the pound was unable to get much of a lift from stronger-than-expected [..]

Forex News – Sterling posts losses on softer retail sales

Posted on August 17, 2017 at 1:32 pm GMT

Following the UK CPI and labor figures published earlier this week, the Office for National Statistics released another report today on retail sales for the month of July. This showed household spending growing at a slower pace compared to a year before. As a result, sterling dipped into losses against its US and eurozone counterparts. Looking at the numbers, UK retail sales pulled back in July after a strong rally in the previous month as British consumers cut their purchases [..]

Forex Market Review (European session) – Sterling heads up as UK unemployment hits 42-year low; dollar reaches fresh three-week high

Posted on August 16, 2017 at 3:44 pm GMT

With North Korea and the US pulling back from their confrontation stance, the focus turned back to economic releases. The dollar followed an upward path despite weaker housing data, while better than expected labor figures in the UK pushed sterling higher. The lowered US crude inventories published during late European session lifted oil prices. The dollar index peaked at a fresh three-week high of 94.14 during the European session, ignoring today’s disappointing US data on building permits and housing starts. [..]

Investment Theme – Mixed UK data and Brexit uncertainty cloud outlook for sterling

Posted on August 16, 2017 at 3:08 pm GMT

After being criticised by EU officials for turning up at the negotiating table unprepared, the UK has this week published its most comprehensive vision yet of a post-Brexit relationship with the bloc. The British government published yesterday its first policy paper on a future customs agreement with the European Union, and is due to soon release a paper on Northern Ireland and its border arrangements with the Irish Republic. The paper calls for a new customs partnership with the EU [..]

Forex Market Review (European Session) – Risk-off weighs on euro; pound up after UK data; dollar mixed

Posted on August 10, 2017 at 2:52 pm GMT

Market sentiment remained largely in risk-off mood on Thursday as the latest escalation of tension between North Korea and the United States showed no sign of dissipating. North Korea said today it plans to fire four missiles near the US territory of Guam in the Pacific Ocean, branding President Trump’s warning that North Korean threats will be met with “fire and fury” as “a load of nonsense”. The heightened geopolitical anxiety continued to drive gold and the Japanese yen higher [..]

Forex Market Review (European Session) – Dollar touches 1½ – week high as Job openings hit a record high; oil pares gains amid ongoing oversupply

Posted on August 8, 2017 at 3:53 pm GMT

With political uncertainties in the US in the background and tensions between North- Korea and the US increasing, the dollar managed to recover from yesterday’s losses as US job vacancies reached a record-high in June and drove the currency to a 1½ week- high. Meanwhile, in the commodity markets, oil could not sustain its gains arising from Saudi Arabia’s willingness to cut its oil supplies by more than it pledged, as global oil production does not show any signs of [..]

Technical Analysis – EURGBP enters overbought ground as it eyes 0.91 level

Posted on August 8, 2017 at 2:17 pm GMT

EURGBP hit another fresh high today, climbing to 0.9087 – its loftiest since October 2016. The pair has been ranging in an upward linear regression channel since mid-April and prices are currently in the upper channel, underlining the bullish bias in the near term. Despite having some way to go before reaching the upper band of the regression channel, EURGBP has met some resistance at the 161.8% Fibonacci retracement level of the downleg from 0.8948 to 0.8742. The 161.8% Fibonacci [..]

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