Tag: EUR/GBP

May 11, 2022 BY Steffy Bogdanova

Midweek data: traders await US CPI

Given the psychological importance of ¥130, lower buying volume so far this month and overbought based on the slow stochastic, technical analysis would suggest that further strong gains in the near future are unfavourable. However, higher than expected inflation this afternoon could drive the dollar strongly in the short term at least. The long-term target…

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February 01, 2022 BY Steffy Bogdanova

Weekly data: BoE and NFP ahead

The 100% weekly Fibonacci retracement, i.e. full retracement of losses in Q1 2020, is the main technical reference here and still a very strong support. A clear break below this would probably need a new catalyst from the RBA on Tuesday or Thursday morning’s balance of trade. Usually, a single NFP is unlikely to have…

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June 07, 2021 BY Steffy Bogdanova

Weekly forex data: key inflation and trade releases

Balance of trade from both countries plus of course American core inflation are the key releases to watch this week. The BoC’s meeting on Wednesday afternoon GMT is unlikely to generate a clear movement on this chart but volatility during the subsequent press conference could increase as traders try to read behind the lines of…

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forex market update
December 10, 2018 BY Valentina Kirilova

ATFX Forex weekly market update: December 10, 2018

The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. Personal opinions today: Last week, the US announced that the unemployment rate remained at 3.7% in November, but the number of non-farm payrolls fell sharply in November, only 155,000. As early as the day before the announcement of the ADP private employment…

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US oil index is prime
April 20, 2017 BY Valentina Kirilova

Oil price slide set to weigh on European open

UK markets saw a rather divergent performance yesterday with the FTSE100 slipping back and in the process dropping into negative territory for the year, while the FTSE250 rebounded strongly after its losses on Tuesday. The following post is courtesy of CMC Markets. While the recent rally in the pound may well be a factor in the…

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November 15, 2016 BY LeapRate Staff

British Pound plummets on leaked Brexit memo showing no exit strategy

The following is based on research from DailyFX analyst Nick Cawley. DailyFX is a unit of IG Group Holdings plc (LON:IGG). For more of Nick's research see DailyFX.com. British Pound Falters on Concerns that UK Brexit Plans are Incomplete During a speech to the Lord Mayor’s Banquet, UK Prime Minister Theresa May said that the country should…

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June 21, 2016 BY Mike Fox

DMM FX halts trading in GBP and EUR pairs

DMM FX Australia, who is closing up shop this summer as reported by LeapRate back in May is taking no extra risks before winding down. Today they notified current clients that due to an increased risk following the Brexit referendum and to further protect clients’ positions during this event, trading will be suspended from 07:10hrs (server time) for…

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March 12, 2016 BY Maria Nikolova

Nadex widens currency contracts offering

North American Derivatives Exchange, Inc. (Nadex), part of IG Group Holdings plc (LON:IGG), has submitted a notice with the Commodity Futures Trading Commission (CFTC), informing it of its plans to expand its offering. Nadex will be offering new Daily EUR/GBP and AUD/JPY ‘Wide’ and ‘Narrow’ Spread contracts. New EUR/GBP contracts At the start of trading…

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