|Day's range||0.866 - 0.873|
|52-week range||0.86355 - 0.90857|
Investing.com - The dollar dipped against a currency basket on Wednesday, while the pound slipped back below the 1.30 level ahead of a key UK cabinet meeting to debate the draft agreement on Brexit hammered out after more than a year of talks.
Investing.com - The dollar rose to 16-month highs against a currency basket on Monday amid expectations for the Federal Reserve to keep raising interest rates in December and beyond, while concerns over Brexit pressured the pound lower.
Investing.com - The dollar moved higher against a currency basket on Thursday as investors turned their attention to a monetary policy announcement from the Federal Reserve later in the day, while the pound remained supported above the 1.30 level on Brexit optimism.
Investing.com - The pound rose to the highest level in two weeks against the dollar on Tuesday on the back of optimism that a deal on Brexit is close.
Five months to the deadline, Britain is yet to reach a deal with the European Union on how to go about Brexit. Steve Eisman believes that now is the right time to short two U.K banks as expectations of the U.K leaving Europe without a deal soars.
Investing.com - The dollar extended losses against a currency basket on Thursday as a rally in the pound continued on the back of hopes that the UK and the European Union are making progress in Brexit talks.
European markets were up on stronger than expected earnings. The US equities market was indicated to open higher on Thursday morning.
Investing.com - The pound jumped more than 1% on Thursday amid reports that the UK and the European Union are close to a deal on a crucial part of Brexit, while the dollar was broadly lower, pressured by gains in sterling and the euro.
In order to understand the risks presented by the Italian economy, it is important to recognize why the situation in 2018 is so familiar to what we witnessed in 2011. Can Italy be the next Greece?
Traders are waiting for the Super Thursday. The Bank of England will release the interest rate. Of course, the market doesn’t anticipate any changes to the rate, however, it will try to catch the mood of the central bank. If the BOE is optimistic, the GBP will be supported.
Investing.com - The dollar edged higher against a basket of the other major currencies on Monday, holding close to Friday’s 10-week highs as investors around the globe remained cautious, while the euro slipped following weekend elections in Germany.
First one is the USDJPY, where the price created a head and shoulders pattern but failed to break the neckline. OK, we cannot resist not to mention the EURGBP, especially with the setup like this one. EURGBP bounced from a horizontal resistance and the mid-term down trendline.
Investing.com -The annual rate of inflation in the UK rose at at the slowest pace in three months in September according to data released on Wednesday, as consumer prices were pulled down by cheaper food prices.
Investing.com - The pound rose to the day’s highs on Tuesday after data showing that wage growth in the UK accelerated at the fastest pace in nearly 10 years in August, bolstering the outlook for the economy.
Investing.com - The dollar rebounded from one-month lows against the yen on Tuesday as a selloff in global equities markets eased, while the New Zealand dollar pushed higher after upbeat inflation data overnight.
Analysts looking for key drivers over the near-term that will ultimately decide the fate of a number of currencies, economies and ultimately whether a new crisis dawns.
Investing.com - The dollar pushed higher against a currency basket on Monday, as a recent solid run of U.S. economic data underpinned expectations for further gradual rate hikes by the Federal Reserve through the end of this year and beyond.
Investing.com - With a fairly light week on the economic calendar investors will continue to monitor the effects of rising U.S. government bond yields on markets, when U.S. bond markets reopen on Tuesday after Monday’s Columbus Day holiday.
EURGBP is presently struggling with 50-day SMA level of 0.8940 in order to aim for the 0.8980 trend-line resistance, breaking which 0.9000 and the 0.9030 may regain market attention. With the immediate descending trend-line presently questioning the GBPAUD’s rise around 1.8185, the pair can drop back to 1.8055 and the 1.8000 round-figure but the 1.7930-15 and the 1.7815 TL might confine its further declines. Meanwhile, break of the 1.8185 trend-line can propel the pair to 1.8290 & 1.8350 resistances but the 1.8400 could limit the pair’s advances afterwards.
In this introduction, we will define the types of currency pairs and cover some of the basics you’ll need to know before you begin trading the ‘exotics’.
One wonders how the Eurozone will achieve higher core inflation if monetary policy slowly tightens and the economic activity slows. Should the Euro appreciate and get back above, say, the 1.20 mark against the greenback, it will be even harder for inflation to accelerate.
The pound struggled for direction Wednesday after reports that UK Prime Minister Theresa May was set to reject the European Union’s Irish border solution. The EU had suggested having more checks only in Northern Ireland, but May is expected to reject their offer, insisting that any solution must be UK-wide, The Times reported. The EU’s chief Brexit negotiator Michel Barnier previously suggested that checks would need to be carried out at British and Northern Irish ports on only one category of goods moving from Great Britain to Northern Ireland.
Investing.com - European Central Bank President Mario Draghi said Thursday that the central bank's monetary policy can continue on its current path of removing accomodation, even with its inflation outlook appearing to some to be lower than its mandated level.
Today is one of the busiest days on the market in terms of the macro events in the past few months. Rates from the BoE, ECB, CPI data from US and job data from Australia. Nice, huh? In our trading, we try to reduce the risk as much as possible. We do that by, for example, not trading during those macro events. That is why, today, we will focus on DAX and WTI but if you like the thrill, here You are, the small part about the EURGBP: