EUR/GBP regains 0.7100 and above

22 May, 2015

The better tone in the single currency plus the steady stance in the sterling are allowing the current rebound in EUR/GBP beyond the 0.7100 handle.

EUR/GBP motivated by German data

The cross reacted positively following the auspicious release from the German GDP during the first quarter, showing the domestic economy grew 0.3% QoQ, matching previous estimates.

In the meantime, the buoyant tone remains intact around the euro, with the main focus of attention being Greece and the developments from the EU Leaders gathering in Riga. On the GBP-side, UK’s Public Sector Net Borrowing figures are due ahead in the session preceding the speech by Governor M.Carney.

EUR/GBP key levels

The cross is now advancing 0.31 at 0.7117 and a surpass of 0.7166 (high May 21) would open the door to 0.7180 (10-d MA) and then 0.7187 (high May 20). On the other hand, the immediate support aligns at 0.7091 (low May 21) ahead of 0.7036 (low Mar.12) and finally 0.7015 (2015 low Mar.11).


Source link  
GBP futures downside looks limited

In light of advanced data for GBP futures markets from CME Group, investors scaled back their open interest positions by almost 1.8K contracts on Thursday from...

Gold clocks 10-day highs near $1263

Technical correction extends above $ 1260 amid broad-based USD weakness. Lingering US-Sino trade tensions support, as the focus shifts to the US CPI...

Dollar holds below mid-94.00s

Lingering trade war fears keep the USD bulls on the defensive. Thin liquidity conditions also hold traders from placing aggressive bets. This week's important...


Dollar clings to daily gains above 95.00

The greenback, in terms of the US Dollar Index (DXY), is sticking to the positive territory so far today and so far manages well to keep the trade above 95.00...

US Dollar rebounds beyond 94.80

The greenback bounces off lows, approaches 94.90. Yields of the US 10-year note remain sidelined so far. NAHB index came in below expectations in June...

WTI downside opening up to $69.50

Looks vulnerable amid OPEC, non-OPEC output lift talks, stronger USD adds to the weight. Technical set up also indicate further downside risks...


Gold climbs back closer to weekly tops

Dovish FOMC minutes prompt some USD profit-taking and help regain positive traction. Sliding US bond yields/cautious mood provides an additional boost...

Gold eases from 1-month tops

Gold surrendered early modest gains to fresh 1-month tops and is currently placed near session lows, touched in the past hour. Easing fears of a full-blown...

Pound celebrates on positive headlines

Last week a UK government official reportedly signalled that progress had been made on the transition deal. However, unanswered questions have...


In the past 24 hours Bitcoin has lost -1.89% and reached $7325.16. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -0.3727% and is now at $1.1646. Start trading and making money on Forex today.

In the past 7 days Ethereum has gained 5.17% and is now at $457.735. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Forex Market Analysis



Forex Currencies Forecasts



Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets90%
2FXTMFXTM88%
3HYCMHYCM86%
4FIBO GroupFIBO Group79%
5FxProFxPro78%
6FXCMFXCM73%
7AvaTradeAvaTrade69%
8HotForexHotForex68%
9XMXM68%
10Alfa-ForexAlfa-Forex66%
  


Share: