EURGBP »

  • The euro’s early-week rally was short-lived, as speculation about another rate cut from the European Central Bank shifted market sentiment. The euro was trading defensively versus the US dollar and British pound. The EURUSD pair eased off yesterday’s close of 1.3527, falling 14 pips to 1.3513. The pair traded within a narrow range as the

  • Sergiy Zlyvko
    Currency » 3 February Forex daily review
    Sergiy Zlyvko - February 4, 2014, 10:03 GMT

    On Monday, the dollar index corrected against Friday’s growth, and though the EURUSD fell back to 1.3480 mark and the rollback of index turned deep. It was not a good signal to fall below 1.3500, because the balance is beginning to lean toward the sellers. Yesterday, the U.S. dollar strengthened against the pound after weak

  • James Boston
    Forex » Round Up – Euro, GBP & USD
    James Boston - February 3, 2014, 13:53 GMT

    The Euro received a welcome bounce this morning on the back of a 4 day losing streak. The Eurozone Purchasing Managers Index (PMI) for December caused a positive surprise, the figure of 54.0 was well received following the previous months 52.7, and also slightly ahead of the market expected number of 53.9. Reinforcing this encouraging

  • Sergiy Zlyvko
    Currency » 28 January Forex daily review
    Sergiy Zlyvko - January 29, 2014, 12:25 GMT

    On Tuesday at the trading in Europe, despite the fact that British GDP coincided with predicted values, the U.S. dollar was supported by expectations that the U.S. Federal Reserve will continue the process to minimize quantitative easing program. The EURUSD fell to 1.3630, GBPUSD – to 1.6535. At 13.30 GMT the dollar has already fallen

  • Sergiy Zlyvko
    Currency » 27 January Forex daily review
    Sergiy Zlyvko - January 28, 2014, 11:53 GMT

    Dollar index spent the day in a sideways trend. Now the price is on the line of support. It can easily be broken, because after the fall of the index, it is a correction. To cancel it, the index needs to climb to at least 81 level. On Tuesday high volatility is expected to spar

  • Forex » GBP/USD Bullish Ahead of UK GDP Data
    January 27, 2014, 21:26 GMT

    The British pound strengthened Monday, as the forex markets bid up the GBPUSD ahead of key economic data. The GBPUSD pair soared nearly 0.7 percent to 1.6574, as a dearth of economic data in the UK shifted the market’s attention to Tuesday’s GDP report. The UK economy expanded 0.7 percent in the fourth quarter and

  • Forex » Carney Speech Triggers Pound Sell-Off
    January 24, 2014, 16:16 GMT

    The British pound came under pressure Friday after Bank of England Governor Mark Carney put to rest growing speculation interest rates may rise sooner than initially expected. In a speech to the World Economic Forum in Davos, Switzerland, Carney acknowledged UK unemployment was falling much faster than initially forecast. Rather than raise interest rates, the

  • Sergiy Zlyvko
    Currency » 23 January Forex daily review
    Sergiy Zlyvko - January 24, 2014, 10:27 GMT

    Yesterday was the black Thursday for the US dollar. Why black? Because it fell on all trading sessions. Emerging market currencies were falling also. The US dollar strengthened only to the Australian dollar. We do not think the dollar’s decline will be long because until February 7 Congress needs to raise the U.S. debt ceiling.

  • Europe’s common currency emerged as winner on Thursday, as positive PMI data boosted confidence in Eurozone recovery. Markit group’s composite gauge of Eurozone business activity rose to a 31-month high in January, led by robust manufacturing output and strong service sector activity. The PMI Composite Output Index for manufacturing and services rose 1.1 percentage points

  • James Boston

    The British Pound continues to gather momentum as the markets grow more confident that the Bank of England will vote to raise interest rates, possibly as soon as Q2 this year. As I discussed yesterday the Bank’s Governor, Carney, set a target unemployment rate of 7% as the level at which the British Monetary Policy