EURGBP »

  • H.S. Borji

    The British pound rebounded against its US counterpart Tuesday, as cable hovered above 1.57 after plunging to a 15-month low on the strength of US nonfarm payrolls data. The GBPUSD fell to 1.5630 in European trade, the session low. The pair would subsequently consolidate at 1.5712, advancing 0.37 percent. Support is likely found at 1.5564

  • Swissquote UUIIFXBR

    The Yuan and Chinese equities sold-off aggressively overnight on growth concerns amid soft trade data released on Monday. The Chinese interest rate swaps advanced to highest in three months as China decided to narrow the corporate debt repurchase applications to bonds with rating above AAA and AA for corporates. Hang Seng wrote-off 2.33%, while Shanghai’s composite tumbled by 5.43%. USD/CNY

  • Swissquote UUIIFXBR

    The Japan GDP contracted 0.5% on third quarter (vs. -0.1% q/q exp. & -0.4% last), the annualized tightening  has been -1.9%. The private consumption stabilized at 0.4% q/q, yet the business spending unexpectedly contracted by 0.9% q/q. Combined to Friday’s surprisingly  high NFPs, USDJPY advanced to the fresh high of 121.85 in Tokyo. EURJPY tests 150 offers. The deeply overbought conditionsJPY-0.03EUR-0.16CHF-0.18GBP-0.24

  • Swissquote UUIIFXBR

    The greenback is stronger against all of its G10 peers before the US jobs data. The optimistic expectations (NFPs expected at 230K vs. 217K last) keep traders positioned long in US dollars. The US 10-year yields are however softer today (2.2411-2.2517%

  • H.S. Borji

    The euro edged lower against its US counterpart Friday, as deflationary pressures in Germany and the broader Eurozone continued to fuel speculation about quantitative easing. The EURUSD continued to trade below 1.25, bottoming out at 1.2431 in intraday trade. The pair would subsequently consolidate at 1.2456, slightly below the previous close of 1.2461. The pair

  • H.S. Borji

    The euro lost momentum against its US counterpart Thursday, falling below the 1.2500 handle as dwindling German inflation weighed on the common currency despite an uptick in consumer confidence. The EURUSD eased off an intraday high of 1.2523 and is currently trading at 1.2491, declining 0.12 percent. The classic pivot point chart shows initial support

  • IronFX UUIIFXBR
    Analysis and Opinion » Daily Commentary 21/11/14
    IronFX - November 21, 2014, 10:19 GMT

    Why euro hasn’t fallen yet The euro has been more buoyant than expected recently, even though the recent data from Eurozone disappointed and US data were relatively strong. I believe that in order to answer this question, we have to look at three euro-crosses, EUR/JPY, EURGBP and EUR/CHF. Euro/yen has been advancing since Oct. 31st

  • H.S. Borji

    The British pound advanced against the greenback Wednesday, as the minutes of the November Monetary Policy Committee meetings revealed further dissention about how to proceed with interest rates. The GBPUSD bounced from an intraday low of 1.5593 to reach a high of 1.5701. Cable would subsequently consolidate at 1.5664, advancing 0.27 percent. Initial support is

  • Swissquote UUIIFXBR

    In Japan, USDJPY and JPY crosses are better bid as discussions on sales tax hike delay occupy the headlines. The PM Advisor Hamada says it would be natural to delay the hike by some year and a half, the BoJ doesn’t need to proceed with additional stimulus. Meanwhile, the Finance Minister Aso highlights that raising taxes will be unavoidable at some point

  • H.S. Borji

    The euro failed to build momentum Friday, as the EURUSD remained firmly capped below 1.25 despite upbeat Eurozone GDP figures. The EURUSD traded within a range of 1.2400-1.2492. It would subsequently consolidate at 1.2465, declining 0.08 percent. The pair was unable to test the 1.2505 level, which represents the first technical resistance. On the downside,

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