All Articles Tagged - EURGBP

Forex Market Review (European Session) – Euro hits one-year high; sterling jumps on Carney; dollar posts 7-month low

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

The euro picked up from yesterday’s gains as today’s European session got underway. Its advance was temporarily halted though after anonymous sources out of the European Central Bank made reference to markets overinterpreting the ECB President Mario Draghi’s comments the day before. Investors were also paying close attention to the ECB’s forum in Sintra, Portugal, as major central bank heads, including Bank of England Governor Mark Carney, were participating in a panel discussion. Some remarks by Carney led sterling post [..]

FX Daily Outlook | 28-06-17

Posted on June 28, 2017 at 8:36 am GMT

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Technical Analysis – EURGBP bullish in the short- and medium-term; price hits 7½-month high

Posted on June 28, 2017 at 7:15 am GMT

EURGBP has been in an uptrend over the last couple of months. Today’s gain has led the pair to record a fresh seven-and-a-half-month high of 0.8879. In yesterday’s trading the pair finished the day 0.7% higher. Looking at the Ichimoku analysis, the positive alignment when the Tenkan-sen line (red) crossed above the Kijun-sen (blue) in mid-May, is still in place. Moreover, the Tenkan-sen is currently steeply upward sloping, indicating that the positive short-term momentum remains intact. Adding to this conviction [..]

Forex Market Review (European Session) – Draghi’s optimism lifts euro; dollar above 112 yen ahead of Yellen; sterling firms

Posted on June 27, 2017 at 3:00 pm GMT

The forex market was mostly driven by central bank speeches in today’s European session. The euro was boosted on the optimistic remarks by the European Central Bank President Mario Draghi. The pound advanced following the release of the Financial Stability Report and the speech by Bank of England Governor Mark Carney. The dollar firmed up on the strong consumer confidence data, as markets await Janet Yellen’s talk later today. The ECB President’s bullish stance on the recovery in the Eurozone [..]

Forex Market Review (European Session) – Dollar falls on durable goods miss; sterling boosted on DUP deal; gold declines

Posted on June 26, 2017 at 3:05 pm GMT

The main economic releases during today’s European session pertained to durable goods orders out of the US and the Ifo business sentiment survey out of Germany. Beyond these, gold experienced a considerable decline and sterling received a boost after UK Prime Minister struck a deal with Northern Ireland’s Democratic Unionist Party which would support her minority government. In US economic releases, durable goods orders fell by 1.1% in May. This negatively compares to the 0.6% drop expected and exceeds April’s [..]

FX Daily Outlook | 26-06-17

Posted on June 26, 2017 at 8:35 am GMT

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Forex Market Review (Asian Session) – Euro holds despite Italian banking bailout news; dollar remains weak on hike odds

Posted on June 26, 2017 at 7:51 am GMT

It was a relatively quiet start to the week for forex markets, as many Asian countries were closed because of the end of Ramadan. The euro mostly held onto the gains it made before the weekend despite the news that the Italian government was going to rescue two of the country’s regional lenders at the tune of 17 billion euros. Italian banking woes were seen as contained for now, given the positive political developments and the relative strength of the [..]

Forex News – Eurozone services activity eases in June; euro pulls back from highs

Posted on June 23, 2017 at 11:48 am GMT

Activity across the Eurozone lost some momentum in June, however the region still managed to enjoy its best quarter in six years according to the latest PMI report from IHS Markit. Weaker growth in the services sector led to a drop in the composite PMI, which fell from 56.8 to 55.7 in June’s flash reading. This was below expectations of 56.6 and the lowest in five months. The services PMI also fell to a 5-month low, declining from 56.3 to [..]

FX Daily Outlook | 23-06-17

Posted on June 23, 2017 at 8:09 am GMT

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Forex Market Review (Asian Session) – Oil-linked currencies gain with the commodity’s rise; dollar retreats

Posted on June 23, 2017 at 7:43 am GMT

As the Asian trading session is coming to a close, the dollar is modestly down while commodity-linked currencies, such as the loonie, are gaining ground versus the greenback on the back of oil rising. The dollar index, a broader gauge of the US currency’s strength, was last down two-tenths of a percent on the day. Dollar/yen was slightly down at 111.25. If it closes the day lower, it would be the fourth consecutive day of declines for the pair. The [..]

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