Sterling Weakness Prevails Before Jobs Report
June 3, 2011 12:29 pm by Russell GlaserLeading up to this afternoon’s US jobs report the British pound has slipped versus the dollar and the euro with the EUR/GBP recovering to levels prior to the renewal of the European debt crisis two weeks ago.
Euro Declines at Technical Level after Current Account Data
May 20, 2011 1:29 pm by Russell GlaserEU current account data combined with the EUR/USD reaching a key technical level led to the euro being sold during Friday’s European trading session.
Major Currencies Stable as Markets Await Further Developments.
May 16, 2011 12:42 pm by Russell GlaserThe euro came off its overnight lows but failed to move above a previous resistance/support level. Traders this afternoon will be looking for a spark in US manufacturing data after a quiet European trading session has kept the majors in ...
Pound Soars After BOE Signals Potential Rate Increase
May 11, 2011 12:47 pm by Russell GlaserSterling was up across the board after the Bank of England increased its inflation forecasts and signaled it will begin tightening monetary policy vis-à-vis higher interest rates. This should keep Sterling as a bid in the near term versus both ...
Euro Showing Signs of Weakness, Pound Tumbles
May 3, 2011 1:34 pm by Russell GlaserThe failure of the EUR/USD to advance above the 1.4900 level is beginning to slow momentum traders and profit taking in the pair has ensued. Versus the pound the euro is higher after weaker than expected UK manufacturing data. The ...
EUR/GBP Uptrend Stalling
April 28, 2011 10:34 am by Russell GlaserYesterday’s UK Q1 GDP release helped to put the Bank of England hawks back in charge in the debate over monetary policy. This should support sterling in the near term as traders continue to favor currencies with rising rates. As ...
EUR/GBP- Technical Update
January 27, 2011 9:49 am by Anton EljwizatA bullish movement in EUR/GBP has pushed a number of technical indicators into the over-bought territory. As I will demonstrate below, the EUR/GBP may very well be heading for a reversal, as a bearish cross has taken place on the ...
Forex: EUR/GBP Finds Support at 0.8500
November 12, 2010 12:59 pm by Greg HoldenThe EUR/GBP has been receiving some support at its current price level. We can see on the chart below that the pair has touched the 0.8500 price mark and hurriedly bounced off. The EUR has been falling amidst debt concerns ...
EUR/GBP Descending Triangle Consolidation Pattern
June 8, 2010 10:15 pm by Russell GlaserA technical analysis of the EUR/GDP shows a consolidation pattern has formed on the weekly chart in the shape of a Descending Triangle.
EUR/GBP Hits Support Level at 0.8620 Price
April 26, 2010 8:55 pm by Yan PettersThe EUR/GBP pair has dropped quite sharply for the past six weeks. Ever since peaking at the 0.9130 level, the pair saw a consistent bearish trend, and is currently traded at the 0.8635 level. However recently the pair reached a ...
