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EURGBP

XM Research

XM Research - 1 day ago

Could the post-UK elections market moves resemble 1997 and 2010?

Thursday's UK elections expected to bring political change Similar developments in both 1997 and 2010 weighed on the pound History points to a significant easing in pound volatility across the board Recent FTSE 100 performance matches the 2015 pre-election moves General election in sight The UK general election will be held this Thursday, July 4, the day that the US will be celebrating its 248th anniversary from the adoption of the Declaration of Independence.
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XM Research - 2 days ago

Yen volatility remains high as equities appear calmer – Volatility Watch

Euro/dollar volatility jumps after French elections Volatility in commodities eases, apart from oil Stock indices’ volatility falls ahead of key data releases Euro/dollar volatility has eased over the past week as the market is breathing slightly easier following Sunday’s French elections result. On the flip side, volatility in yen crosses remains extremely high as market participants continue to provoke the BoJ by pushing dollar/yen above the level that led to the end-April
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XM Research - 3 days ago

Weekly Technical Outlook – EURGBP, USDJPY, USDCAD

French elections help euro to recoup some losses Friday’s NFP report is the week’s main driver as USDJPY holds near highs Canadian employment report next in focus with USDCAD in range French and UK elections --> EURGBP The euro experienced an increase on Monday following the initial round of France's election, which resulted in the far-right party taking the lead, albeit by a smaller margin than anticipated.
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XM Research - 1 week agoNeutral

Technical Analysis – EURGBP lacks clear direction in short-term

EURGBP fails to recoup the negative gap RSI ticks down but MACD stands above its trigger line EURGBP is heading south after the pullback off the 20-day simple moving average (SMA) around 0.8465. The pair is moving sideways after the European elections and the negative gap that was posted back on June 10. Technically, the momentum oscillators indicate mixed signals.
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XM Research - 1 week ago

Besides commodities, volatility is heightened across the board - Volatility Watch

Yen crosses are very volatile as they approach intervention levels Volatility is extremely low in the commodity sphere US and global equities exhibit volatility jump, Bitcoin follows suit Volatility in yen pairs has been elevated for the past few days as they have been trading within breathing distance from the levels that Japanese authorities were willing to defend in the recent past.
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XM Research - 1 week ago

Market Comment – Busier calendar could support the dollar  

Richer US data calendar and Fedspeak today US stocks in the red again; uptrend intact Key inflation reports from both Canada and Australia Yen shows signs of life but still close to intervention level Dollar remains on the back foot The US dollar remains under pressure against the euro despite the relatively quiet newsflow. Chicago Fed President Goolsbee maintained his relatively dovish stance yesterday with the market focusing more on comments from San Francisco Fed Preside
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XM Research - 2 weeks ago

Market Comment – Fedspeak and US data could prop up the dollar

Back in action with a full US data calendar and Fedspeak BoE meets but unlikely to produce headlines SNB cuts rates and remains willing to intervene in FX markets Yen underperforms as Japanese officials remain quiet Dollar remains on the back foot The rare mid-week day-off in the US is over with the market mostly preparing for tomorrow’s key release of the preliminary PMI surveys, which are critical for the euro area.
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XM Research - 2 weeks agoBearish

EURGBP fails to extend the bounce off 22-month low Momentum oscillators show mixed signals EURGBP is falling again today after rebounding off the 22-month low of 0.8396. The pair is still developing well below the medium-term trading range of 0.8620 – 0.8495, confirming the negative structure. According to the technical oscillators, the RSI is falling slightly above the 30 line; however, the MACD is ticking higher, trying to surpass its trigger line in the negative area.
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XM Research - 2 weeks ago

Volatility skyrockets in FX and stock markets - Volatility Watch

Euro and pound pairs are very volatile but for different reasons Volatility is extremely low in the commodity sphere US and global equities exhibit volatility jump, Bitcoin seems quiet Volatility in euro crosses has picked up as the region suffers from political instability following the EU elections and fears of a renewed debt crisis.
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XM Research - 3 weeks agoBearish

Technical Analysis – EURGBP prints new 22-month low

EURGBP continues to fall after bearish gap Price shifts neutral outlook to negative MACD and RSI hold in oversold regions EURGBP opened with a significant bearish gap on Monday after the European elections on Sunday, sending the pair towards a fresh 22-month low of 0.8416. The pair is holding well below the medium-term trading range of 0.8495-0.8620, switching the outlook to negative.
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XM Research - 3 weeks ago

Volatility surges across the board – Volatility Watch

Forex pairs are very volatile after strong NFP report Volatility in gold and silver ticks up, oil swims in calm waters US equities exhibit volatility jump amid correction fears Volatility in dollar crosses has picked up as the stronger-than-expected NFP report dialed back rate cut expectations, while investors are bracing for the FOMC meeting and the CPI print later this week. Euro pairs are in a similar position after the EU elections sparked a wave of politically instabili
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XM Research - 3 weeks ago

Market Comment – Market prepares for Wednesday’s events

Euro tries to recoup part of Monday’s losses US stock indices trade sideways but volatility remains high Lighter US calendar but some interest on the 10-year bond auction Pound is on the backfoot after the weaker jobs data Euro tries to recover from Monday’s drop The euro remains on the backfoot following Sunday’s European election results.
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XM Research - 3 weeks ago

BoE stays quiet but data could speak volumes – Preview

BoE stuck between strong US data and the ECB rate cut Labour market data could support August rate cut expectations All eyes on average earnings growth Could the pound maintain its recent gains?  BoE remains on the sidelines While the ECB announced its first rate cut since 2019 and the Fed is preparing for Wednesday’s gathering, the Bank of England has been forced to stay on the sidelines.
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XM Research - 4 weeks ago

Market Comment – Dollar trades sideways ahead of NFP

ECB cuts rates but outlook remains unclear Market is focusing on the US labour market data Weaker prints could open the door to a dovish Fed meeting Stock markets could suffer if there is an upside surprise today ECB cuts rates but the outlook remains unclear The ECB confirmed the overwhelming expectations and announced a 25bps rate cut on Thursday.
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XM Research - 4 weeks ago

Midweek Technical Look – EURGBP, US 500, WTI

EURGBP near 2-year lows; still in trading range US 500 records another all-time high WTI crude oil rebounds off 4-month in bearish market
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XM Research - 4 weeks agoNeutral

Technical Analysis – EURGBP tests a key support area

EURGBP edges higher today ahead of crucial ECB meeting Strong downside pressure in place despite UK elections being in the spotlight Momentum indicators are mostly mixed at this juncture EURGBP is trading higher today, a tad above its lowest level since August 2022, and in an extremely important support area that has repeatedly acted as a floor and put a stop in the bears’ momentum.
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XM Research - 1 month agoNeutral

Technical Analysis – EURGBP stuck around the crucial 0.8500 floor

EURGBP remains directionless near the long-term 0.8500 reflection point Technical signals flag oversold conditions, but a bullish outlook could come above 0.8600   Despite hitting a 20-month low of 0.8482, EURGBP has remained flat and unable to establish a clear direction around the significant level of 0.8500 over the past week. Eurozone’s preliminary CPI inflation data will be out today at 09:00 GMT.
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XM Research - 1 month ago

Euro suffers when ECB announces the first rate cut of the cycle

ECB prepares to cut rates for the first time ahead of the Fed History points to strong possibility of back-to-back rate cuts Both the euro and German DAX tend to underperform on meeting day The ECB is on the brink of announcing its first rate cut since March 2016 as the overall rhetoric from ECB officials leaves little doubt about next week’s rate decision, with even the most hawkish members of the Governing council acknowledging the need for rate cuts.
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XM Research - 1 month ago

Market Comment – Dollar rallies as market angst spreads

Higher Treasury yields contribute to stock indices’ retreat Euro under pressure as the pound benefits from the election Gold fails to benefit from risk-off; oil drops ahead of OPEC meeting Dollar is on the front foot The US dollar is gaining against its main counterparts with the euro/dollar pair dropping to a 2-week low. The catalyst for this move appears to be the bond market as the 10-year US Treasury yield is hovering above 4.6% for the first time since early May.
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XM Research - 1 month ago

Low volatility across the board besides Bitcoin – Volatility Watch

Forex pairs in a relatively quiet mood Volatility in Bitcoin and silver skyrockets US equities enjoy low volatility despite rally to record highs Euro/dollar volatility has dropped aggressively over the past week as markets are bracing for inflation data both from the US and Eurozone this week. Similarly, volatility in yen crosses remains muted even though the Japanese currency is trading near historical lows against its major peers, while the latest downbeat inflation data out
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