EURGBP tumbles, but finds support near 0.8400 RSI and MACD detect bearish momentum But a break below 0.8380 is needed for further declines A move above 0.8500 could keep the picture neutral EURGBP has been in a steady slide since August 8, when it hit the key resistance zone of 0.8625. That said, the pair is currently flirting with the all-important support area of 0.8380-0.8400, a break below which may be needed for the near-term outlook to clearly be considered bearish.

EURGBP rebounds off 0.8510 Prices remain above downtrend line RSI and MACD above their mid-levels EURGBP looks to be creating a floor around the 0.8510 support level, with s strong obstacle coming from the 200-day simple moving average (SMA) near 0.8545. The pair is developing above the downtrend line but still needs some boost to confirm the bullish structure in the short-term view.

Besides EUR/USD, FX volatility subsides as markets digest rate path repricing Volatility in precious metals is still high, but oil enters calmer waters Stock indices and Bitcoin volatility at their bottom of their 30-day range Recession concerns from a weaker-than-expected July NFP report have been fading, though they led to notable adjustments in expectations about major central banks' interest rate paths. This week, investors are focused on Jerome Powell's Jackson H

Markets are preparing for the Jackson Hole Symposium Eurozone data supports another ECB rate cut PMI surveys for the euro area will be published on Thursday Euro remains on the back foot against the pound The Jackson Hole gathering to break the summer lull Whilst ECB members are probably enjoying their hard-earned holiday break, the countdown to the Jackson Hole Symposium and the crucial September central banks’ meetings has already started.

EURGBP regains strength near 0.8540 after UK CPI surprises to the downside Short-term bias is skewed to the upside; confirmation awaited above 0.8560   EURGBP completed four green weeks since its plunge to a two-year low of 0.8381 and another one is in progress despite the break from a vertical rally that led the price to a three-and-a-half month high of 0.8623. Weaker-than-expected UK CPI data helped the pair to turn up near the 61.8% Fibonacci retracement of the April-July downleg

FX volatility smoothens a little bit as markets digest rate path repricing Volatility in commodities still high amid resurgence of geopolitical tensions Stock indices and Bitcoin still volatile while traders unwind bearish bets  Recession concerns from a weaker-than-expected NFP report two weeks ago have been fading, though they led to notable adjustments in expectations about major central banks' interest rate paths.

Stocks edge higher as gold benefits from geopolitical risks Pound rallies despite shock claimant count change French political issues return to the foreground RBNZ meeting could lead to significant kiwi underperformance Stocks edge higher as gold climb continues  It was another uneventful session yesterday with most stock indices continuing to recover from last week’s rout.

The calmer markets could refocus on economic releases Rich UK data calendar could question BoE’s recent rate cut Wednesday’s headline inflation to see a small acceleration Pound is trying to recover from the BoE-induced underperformance Markets to refocus on data Following a rather eventful period, market participants are feeling slightly calmer at the beginning of this week and hence have the chance to refocus on the real economy.

Euro/dollar volatility skyrockets as recession fears resurface Volatility in commodities jumps as geopolitics takes centre stage Stock indices experience much stronger volatility, decoupling from Bitcoin Volatility in the main FX pairs, including euro/dollar, jumped to the highest level of the past month as fears of recession, on the back of last Friday’s weak US labour market report, resulted in the market pricing in an aggressive easing path for most central banks during 2024.

Yen crosses are very volatile after BoJ hike aids yen's recovery Volatility in commodity sphere jumps amid geopolitical flare ups Global stock indices in turbulent waters but for different reasons   Volatility in yen crosses has increased considerably as the latest interest rate hike by the BoJ has added more fuel to the yen’s recovery from multi-year lows against major peers.

EURGBP fails to extend bullish actions MACD and RSI indicate upside movements EURGBP has been fighting with the short-term descending trend line over the last four sessions and it also had a spike towards the 50-day simple moving average (SMA) near 0.8460. The technical oscillators are showing some positive signs. The RSI is heading north marginally beneath the 50 level, while the MACD is extending its recovery above its trigger line, below the zero level.

BoE meets on Thursday with a rate cut firmly on the cards Data has been positive but doves in control of the committee Pound could suffer on Thursday but still favoured against the euro Rate announcement at 11.00 GMT with the press conference held 30 minutes later The Fed gathering matters for the BoE The Bank of England meets on August 1, the day after the Fed meeting that it is not currently expected to produce a surprise rate cut or a dovish shift.

Key earnings releases and numerous central bank meetings coming up US stocks in waiting mode, dollar recovering across the board Key euro area data today but all eyes are on Wednesday's BoJ meeting Gold, oil and bitcoin move in parallel Stocks are mixed ahead of this week’s key events US stock indices were mixed yesterday as the market is preparing for this week’s big events.

Fed meeting and Middle East developments in the foreground Tuesday's eurozone GDP figures could produce a surprise Wednesday’s inflation report unlikely to unsettle ECB expectations Euro remains under pressure against the pound Fed meeting overshadows key Euro area data With the market digesting the latest developments in the US presidential race and preparing for Wednesday’s Fed meeting, a rather busy calendar is in store for euro traders this week.

USDJPY confirms bearish trend reversal after brutal decline; key support nearby GBPUSD escapes broad sell-off with little injuries, but downside risks remain EURGBP set the ground for a bullish pivot within bearish channel

EURGBP fails to touch 2-year low Momentum oscillators suggest a positive move EURGBP finally reversed to the upside before touching the two-year low of 0.8382, with immediate resistance coming from the 20-day simple moving average (SMA) near the 0.8430 bar. The downward pattern started at the end of April, however, and may not change unless the market manages to crawl substantially above the descending trend line.

• Yen crosses are volatile as they retreat from multi-year highs • Volatility in oil and gold surges, Bitcoin follows suit • US equities exhibit higher volatility amid correction fears The euro and dollar pairs maintain low volatility ahead of the US PCE release on Friday and a quiet week on the European data front. On the flipside, volatility in yen crosses has increased considerably as the pairs have been extending their latest pullbacks from multi-year highs.

Wednesday's PMI surveys key for both the Fed and the BoE Eurozone PMI manufacturing survey could disappoint again US PMIs unlikely to unsettle September Fed expectations UK figures could surprise on the upside after the general election Important PMI survey prints this week as both the Fed and the BoE meet soon Despite last week’s stock market correction and the latest developments in the US Presidential race dominating the headlines, economic data releases this week sho

EURGBP rises but the outlook remains bearish MACD and RSI suggest bullish move in near term EURGBP rebounded off the two-year low of 0.8382 that was posted during Wednesday’s session, with the technical oscillators confirming an upside reversal. The RSI is sloping upwards after the pullback from the 30 level, while the MACD is trying to regain some ground beneath its trigger and zero lines.

Stocks under pressure but dollar fails to make gains ECB meets today, unlikely to produce a dovish shift Pound ignores data; yen continues to rally against the dollar Stock markets under pressure; feels like 2007 again Following last weekend’s events, the market is probably paying more attention to Donald Trump’s economic plan.