EURGBP »

  • H.S. Borji

    The British pound advanced against the US dollar on Monday, consolidating higher after Scotland voted against independence last week in what was a more lop-sided victory for the No vote than previous polls had suggested. However, cable’s gains were capped as investors shifted their attention to the Bank of England, which is expected to keep

  • H.S. Borji

    The euro was little changed against the US dollar on Tuesday, as Eurozone investor sentiment continued to deteriorate this month in the face of an escalating sanctions war between the West and Russia. The euro-to-dollar exchange rate fluctuated very little on Tuesday, trading between 1.2923 and 1.2967. The pair would subsequently consolidate at 1.2943, advancing

  • H.S. Borji
    Forex » EUR/USD Rebounds from 14-Month Low
    H.S. Borji - September 9, 2014, 18:43 GMT

    The euro was under pressure on Tuesday, setting a fresh 14-month low against the US dollar before consolidating above 1.29 US, as a dearth of economic data kept investors speculating about monetary policy. The euro-to-dollar exchange rate fell to an intraday low of 1.2860. The pair would subsequently consolidate at 1.2917, advancing 0.16 percent. Initial

  • H.S. Borji

    The EURGBP rebounded on Friday, as a weak British pound failed to extend its rally for a second consecutive day amid growing concerns about Scottish independence. The euro-to-pound exchange rate advanced 0.21 percent to 0.7943, easing off an intraday high of 0.7973. The pair faces initial support at 0.7889 and resistance at 0.7980. The euro

  • H.S. Borji

    The euro tumbled against its US counterpart Thursday, as disappointing Eurozone sentiment data and weak German consumer inflation placed more pressure on the European Central Bank to act decisively to stimulate growth. The euro-to-dollar exchange rate fell to a session low of 1.3170. The pair subsequently consolidated at 1.3178, declining 0.13 percent. The EURUSD is

  • H.S. Borji

    The British pound rebounded on Wednesday, as a dearth of US economic data kept trade volumes relatively thin, while German consumer confidence suffered a setback. The pound strengthened across the board, gaining ground on the US dollar, euro and Japanese yen. The GBPUSD advanced 0.33 percent to 1.6596, easing off an intraday high of 1.6604.

  • H.S. Borji

    The British pound was little changed against the US dollar on Thursday, as investors shrugged off mixed UK retail sales figures following news the Bank of England was divided on how to proceed with monetary policy. The GBPUSD was trading at 1.6590, little changed from the previous close of 1.6595. The pair rebounded from an

  • H.S. Borji
    Forex » EUR/USD Tests New Lows
    H.S. Borji - August 19, 2014, 20:16 GMT

    The euro fell to fresh lows against the US dollar on Tuesday, as economic data continued to bolster the greenback amid a quiet release schedule in the Eurozone. The EURUSD tumbled for the second consecutive day, declining 0.33 percent to 1.3317. That marked a new 2014 low. The pair fell below three intraday classic supports

  • H.S. Borji

    The British pound strengthened against the euro on Monday, as the EURGBP fell below the psychological 80.00 level ahead of a flurry of UK data releases. The EURGBP declined 0.24 percent to 0.7990, after climbing last week to its highest level since late June. The technical chart shows initial support located at 0.8011 and resistance

  • H.S. Borji

    The British pound was little changed against its US counterpart Friday, despite revised government data showing the economy grew at a faster annual rate in the second quarter. Cable traded within a narrow range of 1.6679-1.6701. It would subsequently consolidate at 1.6693, nudging up 0.04 percent. The GBPUSD is supported at 1.6661, followed by 1.6637