EURGBP »

  • H.S. Borji

    The euro advanced against its US counterpart Thursday, as investors shrugged off troubling Eurozone growth figures amid a faster than expected rise in US jobless claims. The EURUSD advanced 0.25 percent to 1.3396, easing off an intraday high of 1.3406. Initial support is likely found at 1.3333 and resistance at 1.3407. The pair’s upside is

  • H.S. Borji

    The UK unemployment rate declined further in June, but weak earnings growth continued to point to slack in the labour market, official data are expected to show on Wednesday. The Office for National Statistics will release monthly employment figures on Wednesday, including the claimant count change, the ILO unemployment rate and average earnings. The claimant

  • H.S. Borji

    The euro advanced more than 0.3 percent against the US dollar last Friday, trimming its weekly losses to around 0.1 percent, but analysts note the common currency risks greater downside this year. The EURUSD is forecast to fall to 1.31 this year, according to analysts at Morgan Stanley, as the fundamentals show increasing divergence between

  • H.S. Borji

    The euro rebounded at the end of the week, as the US dollar came under pressure following President Barrack Obama’s decision to conduct airstrikes in Iraq to halt the spread of the Islamic State of Iraq and the Levant. The euro was also supported by firm French industrial production figures and stronger German exports. France’s

  • David Becker

    Sterling rebounded following the services PMI outcome, which rose to 59.1 in July, an eight-month high to indicate robust expansion in the sector. This, together with yesterday’s above-forecast construction PMI, has more than offset the disappointing manufacturing PMI, which sank to a one-year low, and lifted the composite PMI reading to a three-month peak. Cable

  • H.S. Borji

    The euro was little changed against its US counterpart Thursday, but declining Eurozone inflation could weigh on sentiment as the markets assess the European Central Bank’s next move. The EURUSD rebounded from an intraday low of 1.3372 to trade at 1.3390, tumbling 0.04 percent. Initial support is likely found at 1.3371 and resistance at 1.3420.

  • H.S. Borji

    The euro fell to fresh lows against the US dollar Wednesday, as German consumer prices cooled and US economic data kept demand for the greenback elevated. The EURUSD bounced from an intraday low of 1.3367 to consolidate at 1.3376, declining 0.25 percent. The pair, which continues to trade at its lowest levels since September 2013,

  • H.S. Borji

    The euro declined against its US counterpart Friday, as divergent economic data in the Eurozone and United States kept demand for the greenback elevated in late-week trade. The EURUSD declined 0.25 percent to 1.3430, its lowest level since November 2013. The pair faces initial support below the 10-day moving average (1.3518). On the upside, initial

  • H.S. Borji

    The euro was little changed against its US counterpart Thursday amid a steady stream of economic data, as investors looked ahead to German business confidence signals amid growing geopolitical uncertainties. The EURUSD was trading at 1.3467, climbing 0.03 percent, after trading within a narrow range of 1.3442-1.3485. The pair is trading well below its long-run

  • H.S. Borji

    The British pound weakened Wednesday after the minutes from the Bank of England’s July meeting showed officials still favoured loose monetary policy, as investors looked ahead to Thursday’s retail sales report. The GBPUSD declined 0.18 percent to 1.7033, rebounding from an intraday low of 1.7024. The pair is supported at 1.7020 and faces resistance at