TAG: Pound sterling
Bounce in EUR/USD continues while EUR/GBP slips and GBP/USD rises
EUR/USD still bounces off four-month low EUR/USD's recovery off last week's $1.0695 low is still targeting the December-to-February downtrend line at $1.0796 above which sits the 5 February high at $1.0805 which may cap again, though. While this is t...
7 months ago
EUR/USD, EUR/GBP and GBP/USD resume their ascents post strong US employment report
EUR/USD rises post NFP The EUR/USD rally off the $1.0724-23 December and early-February lows has taken it to Thursday's $1.0876 high before giving back some of its recent gains around Friday's Non-Farm Payrolls. The $1.0876 high was made marginally below...
6 months ago
Trading volatility: GBP around UK inflation data
The big question is whether it’s worth setting up a trade around the pound against the dollar or euro. Having seen the ECB nail its colours to the mast with its rate decision, there may be more stability for GBP/EUR leading up to the event, but GBP/USD is...
6 months ago
EUR/USD, GBP/USD weigh on key support while AUD/USD hovers above it
EUR/USD remains under pressure EUR/USD slid to the $1.07 mark on Thursday which, together with the $1.0694 February low remains in sight and represents major support. Were it to give way on a daily chart closing basis, a longer-term bearish signal woul...
6 months ago
UK inflation falls to the lowest level since September 2021
Headline consumer prices fell to 3.2, easing pressure on households amid the cost of living crisis, down from 3.4% last month, but higher than the 3.1% year on year expected. The core rate, without food and fuel, registered 4.2%, down from 4.5 but not as...
5 months ago
EUR/USD stabilizes while EUR/GBP rallies and GBP/USD tumbles
EUR/USD stabilizes EUR/USD is now range trading between its key $1.069 to $1.0725 resistance zone and last week's $1.0601 low. Below it lies the 78.6% Fibonacci retracement of the October-to-December advance at $1.0596 and further down the late October...
5 months ago
FTSE 100 hits new peak as rate cut hopes boost index
FTSE 100 hits new peak as rate cut hopes boost index Monday’s session saw the FTSE 100 finally reach a new record high, joining its peers which saw fresh peaks earlier in the year. FTSE 100 closes at record after broad up day for UK stocks The UK...
5 months ago
AUD/USD and EUR/JPY dive sharply and EUR/GBP edges higher
AUD/USD slump gathers pace The AUD/USD pair has gone from a seven-month high in mid-July to a three-month low in the space of three weeks. It has now slumped below the June lows at $0.6576, and is now on course to the early May lows at $0.6482. After...
2 months ago
Pullbacks in EUR/USD, GBP/USD and USD/JPY halted, but bulls struggle to maintain momentum
EUR/USD struggles to push higher EUR/USD staged a recovery last week, though it has been unable to hold gains above $1.086. For the moment, the buyers are in control, though they will need a close above $1.086 to suggest that more upside is likely. In...
2 months ago
EUR/USD and GBP/USD drop while USD/JPY slumps following hawkish BoJ meeting
EUR/USD driven down by dollar strength EUR/USD hit a new one-month low yesterday, falling below the 200-day simple moving average (SMA). While it has stabilised in early trading ahead of tonight’s Federal Reserve bank (Fed) decision, the pair remains...
2 months ago
AUD/USD bounce falters and EUR/JPY slumps further, but EUR/GBP rallies ahead of BoE meeting
AUD/USD bounce runs out of steam AUD/USD continues to head lower despite a rebound from yesterday’s three-month low. Yesterday’s recovery has fizzled out, and a push back to the lows of Wednesday’s session seems likely. This would maintain the bearish...
2 months ago
EUR/USD stabilises, but GBP/USD and USD/JPY remain under heavy pressure
EUR/USD hits three-week low EUR/USD fell yesterday to its lowest level in three weeks, but is edging higher this morning. If a higher low is to form in coming days then the price needs to close back above the 200-day simple moving average (SMA). Alt...
2 months ago
Trade of the week: long GBP/USD
(AI Video Summary) Previous EUR/USD trading outcome In the latest epsiode of "Trade of the week" for the week of 5 August, Chris Beauchamp's focus shifts from a previously profitable short EUR/USD position to a new trading opportunity due to a dramatic sh...
2 months ago
EUR/GBP riding high while AUD/USD and EUR/JPY rebounds continue
EUR/GBP at two-month high EUR/GBP has shot higher following the UK rate cut last week, recouping all the losses since May. Having made such strong gains so quickly, some consolidation may result, but with the price now back at £0.86 and above the 200-...
2 months ago