All Articles Tagged - EURGBP

Forex Market Review (European Session) – Dollar modestly up ahead of Fed; Brexit developments dominate sterling movements

Posted on May 3, 2017 at 3:02 pm GMT

Investors had a lot to digest in terms of data in today’s European session trading hours. Eurozone first quarter preliminary GDP estimates showed the region is in for a promising start to the year. Contrasting this, euro area producer prices showed a slowdown in March. In other news, the UK construction PMI picked up from yesterday’s upbeat manufacturing number and surprised to the upside, while markets were on the receiving end of important data out of the US as well. [..]

Forex Market Review (European Session) – Strong UK manufacturing PMI boosts sterling; dollar at 1-½-month high versus the yen

Posted on May 2, 2017 at 2:51 pm GMT

The strong manufacturing PMI number out of the UK as well as economic releases out of the Eurozone, were among the highlights of the day in terms of data hitting the markets during today’s European session trading. Beyond these, geopolitics were once again an important factor affecting investor sentiment. The dollar index, measuring the greenback’s strength versus the currencies of six major trading partners, was up one-tenth of a percent and slightly above the 99 level during late European session [..]

Forex Market Review (European Session) – Euro and pound shine; dollar firm despite disappointing US GDP data

Posted on April 28, 2017 at 2:31 pm GMT

The euro and the pound outperformed other currencies in Friday’s European session, while dollar traders looked beyond disappointing US GDP figures to drive it higher versus the yen. The euro rebounded sharply from yesterday’s ECB-induced losses after stronger-than-expected inflation data for the Eurozone revived expectations that the ECB may soon begin to withdraw monetary accommodation. Headline inflation jumped from 1.5% to 1.9% year-on-year in April according to the flash estimates, just shy of February’s four-year high of 2.0% and above [..]

FX Daily Outlook | 28-04-17

Posted on April 28, 2017 at 8:26 am GMT

[..]

Technical Analysis – EURGBP short-term bearish; flat 50- and 200-day MAs underpin neutral outlook

Posted on April 27, 2017 at 7:21 am GMT

EURGBP has edged lower since the day’s open. Should the pair continue heading lower in the following days, this would mark a continuation of the downtrend that was in place before Monday’s jump with a gap. The crossing of the Tenkan-sen line (red) below the Kijun-sen (blue) at the end of March constitutes a negative short-term signal. The RSI being below 50, its neutral-perceived level, reinforces this signal. Notice though that RSI is currently close to 50 at 46 and [..]

Forex Market Review (European Session) – Euro still buoyed by Macron win; Loonie under pressure from Trump

Posted on April 25, 2017 at 3:01 pm GMT

Markets remained in risk-on mood in European trading on Tuesday with the euro nudging further upwards against most of its major peers, while the safe-haven yen extended its declines. European and US equities also continued to make gains on the back of Sunday’s French election result where the centrist Emmanuel Macron became the frontrunner to win the second round on May 7. The euro was pushing towards fresh highs against the US dollar as it powered ahead to hit a [..]

FX Daily Outlook | 25-04-17

Posted on April 25, 2017 at 9:00 am GMT

[..]

Forex Market Review (Asian Session) – Euro steady while yen and gold ease; Canadian dollar weakens

Posted on April 25, 2017 at 7:51 am GMT

The euro remained steady, near five-month highs against the dollar, while the yen and gold retreated as the outcome of the French elections dampened demand for safe havens. Markets shrugged off North Korean artillery drills carried out today to mark the 85th anniversary of the Korean People’s Army. Currency markets were relatively quiet during Asian trading due to a lack of key economic data releases as well as a public holiday in Australia and New Zealand, which left investors to [..]

Forex Market Review (European Session) – French election outcome dominates markets; risk-on appetite resumes

Posted on April 24, 2017 at 3:01 pm GMT

There were some economic releases hitting the markets during today’s European session trading, including the German Ifo survey measuring business morale in Europe’s largest economy. But the outcome of the first round of French presidential elections was undoubtedly the factor underlying most major movements in financial markets today. The pro-EU Emmanuel Macron coming in first, ahead of anti-EU rival Marine Le Pen, in the first round of French presidential elections helped boost the euro in today’s trading. Specifically, the single [..]

Forex Market Review (European Session) – Dollar lacks momentum on falling yields, doubts over Trump

Posted on April 19, 2017 at 2:47 pm GMT

Besides final Eurozone inflation data for the month of March and some data on US crude oil inventories, investors didn’t have much to digest in terms of economic data during today’s European session trading. Political developments were once again on the spotlight. The dollar index gained some ground today after three straight days of falls, but even at its highest it failed to break above the 100 level. The greenback lost part of its allure as the yields on US [..]

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