Tag Archives: EUR/GBP

Euro Tumbles To Fresh 5-Week Low After Draghi’s Dovish Comments

Market Review – 04/07/2013 22:06GMT Euro tumbles to a fresh 5-week low after Draghi’s dovish comments The single currency fell to a fresh 5-week low of 1.2883 in European afternoon on Thursday after the dovish comments by ECB’s President Draghi … Continue reading

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USD And The FOMC: Little Consensus

USD: FOMC Scenarios, Changes In U.S. Economy EUR: Lifted By Stronger Investor Confidence GBP: Hit By EURGBP Demand AUD: Extends Losses On RBA Minutes CAD: Oil Prices Continue To Rise NZD: Current Account Numbers On Tap JPY: Japanese Officials Defend … Continue reading

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EUR’s Short Lived Stop Chase

Dealers want volatility, investors like volatility and we have volatility across the pond, in sterling. The first trading session after non-farm payrolls historically tends to be the quietest of the month. Yesterday, did not disappoint as the dollar gave back … Continue reading

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EURO/GBP: Staying On The Sidelines

EUR/GBP is staying on the sidelines at the moment. We do see a defined range: 8580 to 8625. Keep trading this range until either level breaks and holds below. Technical indicators, sadly, are not giving us much of a clue … Continue reading

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Dollar Edges Higher Ahead Of Fed Rate Decision

Market Review – 30/07/2013 22:24GMT Dollar edges higher ahead of Fed rate decision The greenback edged higher against other currencies in a volatile manner on Tuesday as investors await the outcome of FOMC meeting, which began its 2-day meeting today. … Continue reading

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Euro Weakens On Weaker Than Expected Manufacturing PMI

Market Review: 23/09/2013 22:10GMT The single currency opened higher and rose to an intra-day high of 1.3555 at New Zealand open after voters in Germany gave Angela Merkel a third term as Chancellor in elections held on Sunday. Price retreated … Continue reading

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Slow Price Action Fails To Clarify Dollar Direction

A very quiet trading day today with thin volumes compounded by the Japanese bank holiday. Of note was general yen strength, and EUR/GBP weakness in the early London session. The latter reportedly due to large agricultural orders and comments from … Continue reading

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Dollar May Bounce Despite Likely FOMC Disappointment

With the FOMC meeting looming this week, all hopes of a taper have been dashed and confirmation of no taper is to be expected. This may have largely been priced into the dollar already though so we may see a … Continue reading

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Red Hot Sterling Smothers EUR

It was bound to happen, especially when it would not go down. Forex speculators short the 18-member single currency on ECB hype are now paying the penalty of Draghi and company’s “on-hold” decision last week. The EUR has strongly rebounded … Continue reading

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EUR/GBP: Euro Drops For Eighth Day

Talking Points: EUR/GBP Technical Strategy: Flat Support: 0.7955 (61.8% Fib exp.), 0.7908 (76.4% Fib exp.) Resistance:0.7992 (50% Fib exp.), 0.8030 (38.2% Fib exp.) The British pound continues its aggressive attack against the euro, with prices sinking below the 0.80 figure. Near-term … Continue reading

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