|Day's range||0.887 - 0.888|
|52-week range||0.8636 - 0.9010|
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:
Investing.com - The pound surged on Wednesday following reports that Germany and the UK are set to drop key Brexit demands, while the dollar retreated from near one-and-a-half week highs on gains in sterling.
Investing.com - The pound and the Turkish lira were pressured lower in currency markets on Monday, while the dollar remained steady against a currency basket in holiday-thinned trade.
One of the best setups at the beginning of the week can be found on the GBPUSD. The pair is on the back foot and the main reasons for that, from the fundamental point of view, are the weaker PMI number and the new comments from Mr. Barnier regarding Brexit. This comes in line with the technical analysis, which was giving us a sell signal as early as on Friday.
Investing.com - The pound extended losses on Monday after data showing that UK manufacturing activity fell to its lowest level in two years in August, weighed down by jitters over Brexit and the U.S.-China trade war.
Investing.com - The dollar rose to the day’s highs against a currency basket on Thursday, while the Turkish lira and the Argentinian peso skidded as a selloff in emerging market currencies gathered pace.
Investing.com - The dollar was holding steady near one-month lows against a currency basket on Thursday as markets awaited trade developments, while the pound remained firm after rallying in the previous session as fears over a no-deal Brexit eased.
Investing.com - The dollar edged lower against a basket of the other major currencies on Wednesday, as the pound rallied after comments on Brexit by European Union negotiator Michel Barnier.
Investing.com - The dollar pushed higher against a currency basket on Wednesday after hitting a one-month low overnight, but gains were held in check amid uncertainty over the U.S. trade situation.
Investing.com - The dollar extended losses against a currency basket on Tuesday, falling to one month lows as a U.S.-Mexico trade deal eased fears over a trade war, while the Turkish lira fell more than 1% against the dollar.
Investing.com - The dollar was holding steady near a one-month low against a currency basket on Tuesday as a U.S.-Mexico trade deal boosted risk appetite, while the pound was pressured lower amid continuing fears over a no-deal Brexit.
Investing.com - With another fairly light week on the economic calendar investors will continue to monitor developments on the U.S. political front after a bruising week for President Donald Trump, following the criminal conviction of two associates.
Investing.com - The dollar gained ground against a currency basket on Thursday, while Russia’s rouble tumbled on sanctions fears and the New Zealand dollar hit two year lows on a dovish sounding central bank statement.
Investing.com - The pound fell to the lowest levels of the year on Wednesday as the currency was pressured lower by growing fears over the prospect of Britain exiting the European Union without a trade deal in place.
Investing.com - The pound fell below $1.29 for the first time since August 2017 on Wednesday, amid worries that the UK would not be able to reach a deal with the European Union before exiting the bloc in March of next year.
Investing.com - The dollar edged lower against a currency basket on Wednesday, sliding for a second day as trade tensions faded, while sterling wallowed near one-year lows, pressured lower by Brexit uncertainty.
Investing.com - The pound slumped to its lowest level since early September on Monday after amid mounting worries over Brexit after Britain’s international trade secretary warned that a no-deal Brexit was now more likely than not.
Investing.com - The euro pushed higher on Tuesday as investors awaited reports on growth and inflation in the euro area, while the yen slid lower after the Bank of Japan said it would be more flexible in its massive stimulus program.
EUR/GBP has formed an ascending trend line confluence that is suggesting a further uptrend continuation. The POC zone 0.8900-10 is a possible bouncing spot where fresh buyers could turn the price up. Deeper retracement might target 0.8885-95 and that is also the zone where buyers might be waiting. The first target is 0.8930 followed by 0.8962 on a successful break of 0.8935.
Investing.com - The dollar was steady against a basket of the other major currencies on Monday as investors positioned ahead of a number of key central banks meetings this week that could help determine near-term market direction for currencies.
Investing.com - The dollar hit one-year highs against a currency basket on Thursday, sending the euro below the $1.16 level after bullish comments be Federal Reserve Chairman Jerome Powell cemented expectations for two more rate hikes this year.