The pound is holding on to gains that took place after the Bank of England decision. EUR / GBP remains under downward pressure, seeking support. EUR / GBP took a sharp decline on Thursday and is validating those losses on Friday. The price extended the decline to 0.8737, the lowest level since May 11 and […]
Tag: Crosses
EUR / GBP plummets to nine-month lows at 0.8780 after BoE announcement
The EUR / GBP has lost about 60 pips immediately after learning that the Bank of England reduced the possibility of introducing negative interest rates in its monetary policy statement. The pair has fallen from the 0.8835 / 40 zone where it was trading before the news to the region 0.8780, marking a nine-month low. […]
EUR / JPY bounces from lows in one week after sustaining above 126.00
USD / JPY advance limits EUR / JPY decline. Bounce in stocks favors the euro’s rebound against the yen. The EUR / JPY is trading near 126.30, after falling to 126.08, the lowest level in a week. The decline occurred in a context of a strong rise in the dollar and a decline in the […]
EUR / GBP remains above 0.8800 and bounces on a limited basis
The euro tries to stop the fall against the pound. EUR / GBP remains with a marked downtrend. EUR / GBP is posting a small gain on Wednesday, having had the lowest close since May last year. The price returned above 0.8800 and climbed to 0.8822. It has been operating laterally for hours, consolidating, still […]
AUD / USD falls more than 35 pips after RBA announcement
The AUD/USD it has lost over 30 pips following the publication of the RBA decision. The pair has fallen from the highs zone of the day, 0.7662, to the region 0.7626, touching the previous daily low at 0.7624. At time of writing, the pair is trading above 0.7628, gaining 0.1% on the day. Bank of […]
The upside loses stability before 127.50
EUR / JPY is under pressure and is pulling back below 127.00. The 2021 highs in the 127.50 zone emerge as the next hurdle. Following Friday’s bullish move to levels above 127.00, the EUR/JPY has started the week with an offered bias. No change at the top, where the 2021 highs around 127.50 remain the […]
Go up and retake the 127.00 level
EUR / JPY advances strongly and retakes the level 127.00. The 2021 highs in the 127.50 zone are as follows. The EUR/JPY extends the weekly recovery and finally manages to regain the 127.00 level and above. Now it looks like there are more rises, with the next major hurdle at the yearly highs around 127.50. […]
Further losses expected below 0.8835 / 25 – Commerzbank
In the opinion of Karen Jones, head of Commerzbank’s technical analysis research team, the EUR / GBP could face further setbacks on a break of 0.8835 / 25. “EUR / GBP has eroded the 200-week moving average at 0.8835 (but NOT over the close). The rallies will need to regain 0.8926, the January 18 high, […]
Above 126.50 are the 2021 highs near 127.50
EUR / JPY adds to recent gains and flirting with 126.30 / 35. The 2021 highs in the 127.50 zone are as follows. He EUR/JPY adds to Wednesday’s gains and further extends the weekly recovery to the 126.30 region on Thursday. If the buying pressure morphs into a more serious bullish attempt, then the yearly […]
EUR / GBP falls to fresh multi-month lows near 0.8820 after Knot comments on the euro
The EUR / GBP has seen some continuation selling for the third day in a row on Wednesday. The ECB’s Knot’s comments hit the euro and caused the sudden drop seen during the European session. The appearance of some selling around the common currency has dragged the EUR / GBP cross to new eight-month lows, […]