Tag Archives: EUR/GBP
FX Daily
A fairly light calendar again. In Europe the most interesting releases are Maymanufacturing production in the UK and foreign trade data for May in Germany.
Daily Market Technicals
EUR/USD remains capped ahead of $1.3611 with bulls now looking for a close above this level to ease bearish pressure a little.
FX Trading Ideas to Play This Week
RBS is out with a note outlining some tactical FX trading ideas to play this week.
EUR/GBP – The range breakout at 0.7959 is now targeting 0.7755/44
With the latest break below key-pivotal support at 0.7959 we see the internal 76.4 % retreatment at
We Stay Short EUR/GBP & EUR/USD
The ECB held rates steady in July, but the impact of the June easing action is likely to lag, says BNP Paribas.
Daily Technical Report
EUR/USD has broken its short-term risingchannel after having stopped near the 38.2%retracement of its previous decline. A falltowards the support at 1.3503 is likely.
FX Daily Majors
Today’s highlights: EURUSD stays bearish for 1.3513/03, and ideally key support at 1.3487/77. Below here can confirm the expected large bear “wedge”.
FX Daily
A fairly light global calendar. In the euro area we expect German industrialproduction to have decreased slightly.
Daily Market Technicals
Layers of resistance have built up on the hourlies in the $1.3638-1.3700 region with bulls needing to see a close above $1.3700 to confirm a break of the 55 & 200-DMA’s.
Weekly Report
Traders continue betting on lower RBA rates before the year-end The RBA kept its cash rate unchanged at the historical low of 2.50% as widely expected.
FX Daily Majors
Today’s highlights: EURGBP should be allowed to hold .7913 at first, ahead of a move to our core medium-term target at .7800.