Tag Archives: EUR/GBP

FX Daily

A very busy week ahead with PMIs/ISM today, mid-term election in the US onTuesday, ECB meeting on Thursday and US non-farm on Friday.

Fresh 2014 and 2 year lows reconfirmed bearish pressure last week with overall focus having shifted to the $1.2042 2012 low.

EUR/USD is approaching the key support at1.2501.

Today’s highlights: USDJPY has surged higher and stays bullish for 111.60

We now expect euro-area HICP to remain unchanged at this cycle low of 0.3% inOctober.

Time spent above the 21-DMA was brief with the sharp reversal lower reconfirming bearish pressure and

Today’s highlights: DXY $ Index above 86.10 should reassert the uptrend for

EUR/USD declined sharply yesterday. Thebreak of the support at 1.2614 calls for a test ofthe recent lows at 1.2501.

Spanish and German inflation will provide information about the impact of thedecline in the oil price during October.

Time spent above the 21-DMA was brief with the sharp reversal lower reconfirming bearish pressure and

Today’s highlights: DXY $ Index below 86.10 maintains the threat of further weakness.

EUR/USD has breached the hourly resistance at1.2743, suggesting some increase in buyinginterest.