EURGBP »

  • H.S. Borji

    The British pound declined further against its US counterpart Thursday, as traders continued to evaluate the Bank of England’s gloomy inflation forecast amid a dearth of economic data. The GBPUSD fell to fresh yearly lows Thursday, declining 0.2 percent to 1.5732. The pair is likely supported at 1.5726. On the upside, initial resistance is found

  • H.S. Borji

    The euro edged higher against its US counterpart Friday, but the pair remained range bound despite upbeat German consumer confidence data. The EURUSD reached an intraday high of 1.2695. It would subsequently consolidate at 1.2672, advancing 0.2 percent. The pair is testing the 1.2677 technical resistance level. Above this, resistance is ascending from 1.2709. On

  • H.S. Borji

    The GBPUSD declined 150 pips on Tuesday as UK inflation fell to its lowest level in five years, likely pushing back expectations about when the Bank of England will begin raising interest rates. Cable plunged to an intraday low of 1.5905. It would subsequently consolidate at 1.5923, declining 153 pips, or 0.95 percent. The pair

  • H.S. Borji

    The euro rebounded against the US dollar Monday, as a dearth of economic data and speculation about monetary policy kept demand for the greenback limited. The EURUSD climbed to an intraday high of 1.2697, a more than two-week high. The pair would subsequently consolidate at 1.2629, advancing 0.53 percent. The pair is likely supported at

  • H.S. Borji

    The British pound was little changed against its major peers Wednesday, as the Bank of England maintained status quo by leaving interest rates unchanged for the sixty-eighth consecutive meeting. The pound was little changed against the US dollar, as cable continued to drift below the 1.61 region. The GBPUSD was trading at 1.6089, declining 0.05

  • H.S. Borji

    The euro stabilized against its British and US counterparts Monday, as a dearth of economic data kept trade volumes light despite concerning evidence the Eurozone recovery faced another setback in October. In economic data, Eurozone investor sentiment fell in October to its lowest level in 17 months, underscoring concerns about the region’s economic recovery. The

  • H.S. Borji
    Forex » Euro Selloff Continues
    H.S. Borji - September 26, 2014, 18:50 GMT

    The euro declined against its US counterpart on Friday, as the EURUSD touched its lowest level in nearly two years following divergent economic releases from Germany and the United States. The EURUSD tumbled 0.34 percent to 1.2707, the pair’s lowest level since November 2012. The pair is holding on to initial support at 1.2703. On

  • David Becker

    Sterling is consolidating Thursday’s gains after hitting a fresh two-year high versus the euro. The surge in Cable was prompted by Carney’s remarks, which while overall quite balanced spelled out that a rate hike is “getting closer.” Carney’s comments contrasts with Draghi’s “risk of doing too little outweigh risks for doing too much” speech this

  • H.S. Borji
    Forex » EUR/GBP Tumbles, Eyes 2012 Lows
    H.S. Borji - September 25, 2014, 19:16 GMT

    The euro continued to soften against the British pound on Thursday, as European Central Bank President Mario Draghi reiterated his commitment to economic stimulus amid expectations for modest Eurozone growth in the second half of the year. The EURGBP tumbled 0.36 percent to 0.7793, easing off an intraday low of 0.7785. The pair, which has

  • David Becker

    The EURUSD sliced through support moving swiftly below the 2013 lows on route to a 22-month low at 1.2697. Euro crosses also moved lower with the EURGBP hitting a crashed to a two-year low. The ECB Draghi’s statement that the “risk of doing too little outweigh risks for doing too much” speech continued to resonate

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