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EURGBP

XM Research

XM Research - 3 days agoNeutral

Volatility eases slightly as the risk on sentiment lingers – Volatility Watch

Euro/dollar volatility is very close to the last 30 days’ highVolatility in commodities remains elevatedStock indices experience above average volatility Euro/dollar volatility remains very high, close to the highest level of the past month, as the US dollar continues to rally following a series of strong US data and some hawkish Fedspeak. Interestingly, the volatility of yen crosses has crashed across the board, with the yen surrendering another good part of its recent sizeable gains on th
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XM Research - 4 days agoNeutral

ECB to cut rates despite plethora of reasons for a pause – Preview

ECB meets on Thursday; markets expect a 25bps rate cutLots of reasons for a pause, including the lack of staff projectionsBut the ECB might choose to avoid disappointing the marketsThe euro could really benefit from a rate pause ECB meets on ThursdayThe ECB will hold its penultimate meeting for 2024 on Thursday, just five weeks after the September gathering that produced another rate cut.
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XM Research - 1 week agoNeutral

Daily Comment – Dollar baffled after mixed data and Fedspeak

Jobless claims contradict the stronger CPI reportFed’s Bostic talks about a November Fed pauseDollar trades sideways as the market still expects a November cutOil and gold in the green, pound doesn’t enjoy today’s dataCPI and jobless claims jump, but Fed’s Bostic makes the headlinesThe US inflation report managed to produce an upside surprise with both the headline and core indicators accelerating by an additional 0.1% on an annual basis compared to the economists’ forecasts.
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XM Research - 1 week agoNeutral

EURGBP is trading sideways, below the 0.8400 levelUpleg stopped at a downward sloping trendlineMomentum indicators could turn bullishIt has been a rather quiet session in EURGBP today as the market prepares for today’s Fed minutes release and tomorrow’s US inflation report. Euro bulls tried to extend the recent upleg, but their efforts stopped at the April 23, 2024 trendline with EURGBP now trading below the key 0.8400 area.
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XM Research - 1 week agoNeutral

Volatility skyrockets across the board after an eventful week – Volatility Watch

Euro/dollar volatility surges to the highest level of the monthVolatility in commodities reaches new monthly highStock indices experience very high volatilityEuro/dollar volatility has reached the highest level of the past 30 days, as the FX market was rocked by the strong US labour market report, denting the possibility of another 50bps Fed rate cut in November.
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XM Research - 2 weeks agoNeutral

Daily Comment – Will the dollar or stocks smile after the non-farm payrolls print?

Spotlight falls on the key US labour market dataNon-farm payrolls to rise by 140k, but could surprise to the upsideDollar to enjoy a strong set of data, equities prefer weaker printsEuro suffering continues, while both gold and oil advanceCould the US labour market data produce a surprise?The countdown to the most crucial set of US data during October is nearly over.
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XM Research - 2 weeks agoNeutral

Midweek Technical Look – Gold, GBPUSD, EURGBP

Gold flatlines ahead of the US nonfarm payrolls report; bulls are still in town GBPUSD sinks after BoE signals aggressive rate cutsEURGBP turns swiftly up within a bearish channel
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XM Research - 2 weeks agoNeutral

Volatility jumps as market prepares for an action-packed week – Volatility Watch

Euro/dollar volatility surges as dollar remains on the back footVolatility in commodities reaches new monthly high, led by oilStock indices experience strong volatility amidst a tentative rallyEuro/dollar volatility has jumped over the past week, as the FX market is whipsawed by the possibility of another strong Fed rate cut. Similarly, volatility of most yen crosses has risen aggressively, with the yen surrendering part of its recent sizeable gains on the back of weaker data and a general el
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XM Research - 3 weeks ago

Volatility drops across the board after the Fed meeting – Volatility Watch

Euro/dollar volatility remains low as dollar underperforms Volatility in commodities stays elevated, led by gold Stock indices experience decent volatility despite the rally Euro/dollar volatility has eased a bit over the past week, as the market digested the strong Fed rate cut. Similarly, volatility of most yen crosses has dropped aggressively lower, as the yen surrendered part of its recent sizeable gains, despite the fact that the BoJ maintained the chances of another rate
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XM Research - 3 weeks ago

Daily Comment – China’s stimulus blitz supports positive equities sentiment

Dollar tries to recover as Fedspeak favors further cuts China announces new measures, positive initial market reaction Aussie benefits from another hawkish RBA meeting Gold, oil and pound rallies continue   Debate for the next Fed cut intensifies US stocks remain in a positive mood as Fed speakers continue to advocate for further rate cuts, despite the fact that the US data confirm the strength of the US economy.
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XM Research - 3 weeks agoNeutral

Technical Analysis – EURGBP sinks to the lowest since 2022

EURGBP resumes downtrend, falls rapidly to 2½-year low Oversold signals detected, price trades at the bottom of a channel   EURGBP plummeted to a 2½-year low of 0.8316 but held above the support line of the almost one-year-old bearish channel, fueling hopes that the bulls could still find a footing. It is important to exercise caution as the RSI and stochastic oscillator have not yet found a bottom in the oversold zone, suggesting that downside pressures could persist for a bit lo
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XM Research - 4 weeks agoNeutral

Technical Analysis – EURGBP trades within tight channel

·       EURGBP finds strong resistance at 50-day SMA ·       Momentum oscillators hold below their mid-levels EURGBP is trading within a narrow range of 0.8420-0.8460 over the last couple of weeks, remaining capped by the flat 50-day simple moving average (SMA) around the 0.8460 resistance. Technically, the RSI indicator is pointing south marginally beneath the 50 level; however, the MACD oscillator is holding above its trigger line beneath the zero line with weak momentum.
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XM Research - 4 weeks ago

Volatility eases a bit ahead of the key Fed meeting – Volatility Watch

Euro/dollar volatility remains low as dollar weakness lingers Volatility in commodities stays elevated led by silver Stock indices and bitcoin experience lower volatility Euro/dollar volatility remains low as the market is preparing for the key Fed meeting on Wednesday that could deliver a previously unexpected 50bps rate cut. Amidst these conditions, yen pairs are experiencing the highest volatility of the past month as the yen continues to outperform its main counterparties on
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XM Research - 1 month ago

Could BoE surprise with a rate cut on Thursday? – Preview

BoE meeting concludes on Thursday, the day after the Fed Economists assign an almost zero chance of a rate cut Wednesday’s CPI and the Fed rate cut could lead to a surprise BoE move Pound to benefit from an uneventful meeting BoE will announce its rate decision on Thursday The Bank of England is joining the chorus of the central bank meetings on Thursday.
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XM Research - 1 month agoNeutral

EURGBP is edging higher today, a tad below its 50-day SMA Euro gains today after a weak set of UK data prints Momentum indicators ready to signal a bullish move EURGBP is trading higher today, relatively close to its 50-day simple moving average (SMA) after testing, but, once again, failing to close below the 0.8401 level. The euro is preparing for Thursday’s ECB meeting, which is expected to deliver another rate cut, with the pound suffering after a relatively weak set of econo
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XM Research - 1 month ago

Daily Comment – Equities are directionless ahead of US inflation report

Mixed movements in equities as markets prepare for CPI Strong possibility for a downside surprise in inflation  US presidential debate dominates headlines Bitcoin suffers while gold and yen rally Stocks are in anticipation mode US equity indices were mixed yesterday with the Nasdaq 100 index recording another green day and the Dow Jones mimicking the European stock indices’ negative performance.
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XM Research - 1 month ago

Equities volatility jumps as sentiment turns negative – Volatility Watch

Euro/dollar volatility remains low as market digests US data prints Volatility in commodities remains low apart from oil Stock indices and bitcoin experience much higher volatility Volatility in the main FX pairs, including euro/dollar, has eased in the past few days as the market is digesting last week’s US labour market data and preparing for Wednesday’s CPI report, which could play a role in determining the size of the imminent Fed rate cut.
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XM Research - 1 month ago

Daily Comment – Equities rebound but face danger from US presidential debate  

Equities turn positive, but sentiment is fragile US presidential debate today could prove market moving UK labour market data supports the pound Bitcoin gains as risk sentiment improves, gold is range-bound Stocks breathe better US equity markets recorded gains in yesterday’s session, with the Nasdaq 100 index leading the rally, and euro/dollar dropped close to 1.1030 despite the fact that most participants remain uncertain about next week’s Fed rate cut size and confus
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XM Research - 1 month agoBearish

EURGBP rebounds off 0.8400 Price remains beneath SMAs RSI and MACD point up EURGBP is recovering somewhat after the plunge from the 200-day simple moving average (SMA) at 0.8545, losing 1.7%. The RSI is also trying to gain some ground beneath the 50 level, while the MACD oscillator's negative momentum is weakening beneath its trigger and zero lines.
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XM Research - 2 months ago

Volatility eases across the board ahead of key US data – Volatility Watch

Euro/dollar volatility drops as market prepares for an action-packed week Volatility in commodities crashes to new lows apart from oil Stock indices and bitcoin experience much lower volatility Volatility in the main FX pairs, including euro/dollar, has eased in the past few days as the market is preparing for this week’s US labour market data releases that could play a key role in determining the size of the imminent rate cut by the Fed.
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