Get started

GBP-EUR

EURGBP potential for bounce! | 6th Jan 2022Prices are consolidating in a bearish channel. We see the potential for a bounce from our buy entry at 0.83364 in line with 200% Fibonacci Projection towards our Take Profit at 0.84668 in line with 61.8% Fibonacci extension and 50% Fibonacci retracement. RSI are at level where bounces previously occurred. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
EURGBP potential for reversal |14th DecPrice is trading in an ascending channel and is near buy entry level of 0.85491 which is also 50% Fibonacci retracement and 78.6% Fibonacci projection. Price can potentially go to the take profit level of 0.85905 which is also the graphical swing high. Our bullish bias is supported by the ichimoku cloud indicator as price is trading above it. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
EURGBP buy valid 👊It's late on but I thought I would end the night sharing some trades I still find myself in come end of the day. POW EDGE trend strategy in use for this EURGBP trade. Entry details are shown on the chart the trade has been live since 20:00 UK time. Working the H1 time frame here and we're only looking for TP3. Previous trades can also be seen on chart and regular followers will know this strategy and some of those trades have been covered recently. Simple small pip movement this strategy but the figures in the report box back it up that it's a proven way to trade in this manner. As always the report box at foot of the idea shows the stats for this strategy. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Long
by pow_removetheguesswork
1
Today’s Notable Sentiment ShiftsUSD – The dollar rose to a 16-month high on Tuesday after data showed US consumers looked past rising prices and drove retail sales higher than expected last month. Retail Sales for October printed at +1.7% versus consensus of +1.4% and last month’s print of +0.7%. EUR – The euro slumped on Tuesday, pressured by ECB President Lagarde’s latest comments. Lagarde stated that a rate hike wouldn’t come until after 2022 as a hike now would only choke off economic recovery. Societe Generale notes that “With the ECB still insisting that interest rates won’t go up next year, there is not much point in trying to catch a falling knife. Rallies in the euro have been sold resolutely since September and investors are not abandoning this tactic.” GBP – The pound rallied after Tuesday’s positive employment report showed British employers hired more people in October after the pandemic’s furlough scheme ended, easing some of the Bank of England’s concerns about raising interest rates too soon.
by thunderpips
EURGBP short has just alerted🔔📳We are using our trend following EDGE strategy for this trade. Entry details are shown on the chart trade has just alerted at time of writing. Working the H1 time frame here and we're only looking for TP3. Previous two trades can been seen on chart. The trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Short
by pow_removetheguesswork
2
EURGBP could be making a downwards turn soon...Seems like it has reached a juncture to turn down? Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
EURGBP SHORTAnother round of commentary from the BoE over the weekend with Governor Bailey signalling yet again that the BoE will have to act in order to curb down inflation. The Governor noted that while monetary policy cannot solve supply-side problems, which the UK economy is currently facing, the Bank will have to act and must do so if there is a risk to medium-term inflation and inflation expectations. Despite all this, Bailey reiterated that he believes higher inflation will be temporary. On the labour market front, the Governor said that labour market demand continues to be stronger than expected, although concerns about labour supply and growth remain. Admittedly, with these latest comments prompting money markets to increase BoE tightening bets further with the November meeting now seen as a 60/40 call, my recent GBP piece does not look to have aged all too well. That being said, not every member on the committee is on board with raising interest rates so soon with the more dovish Tenreyro sticking with her cautious tone. A break of strong support at 0.8470 confirms downtrend continuation bias. Selling pull backs into this level, which should act as resistance is the preferred approach. The Euro is battling against a strong USD whilst the GBP is being supported by the Bank of England’s rhetoric on interest rate hikes. A longer term target could test the 0.8350 area.
Short
by AbdallaAmgad
Should traders be watching Inflation data this week? Definitely!Inflation data from outside the US should pique traders interest this week. Several major economies will be reporting on actual inflation figures experienced during September 2021. Will they match their forecasted values, or will the data follow US inflation and surprisingly creep upward? Who should be watching the inflation data? Traders of the Great British Pound, South African Rand, Euro, Canadian Dollar, and the Japanese Yen should circle these dates in their economic calendars. Why does the Inflation data deserve special attention this week? While inflation data is usually closely watched, the surprising inflation figures released in the US last week means traders should be extra vigilant with their inflation watching. Last week, the US inflation rate (September, YoY) surprised the market by beating expectations. Inflation in the US was expected to report at 5.3%, level with the rate reported in August. However, the actual figure arrived ten basis points higher (5.4%) and returned inflation to the 13-year high seen a month earlier in July 2021. As it stands, Trading Economics is forecasting inflation in the US inflation rate (October, YoY) to rise another ten basis points to 5.5%. If inflation were to cross 5.6%, a new 30-year record would stand (US inflation Jan, YoY, 1991 was 5.7%). Calendar Dates to Circle: United Kingdom, GBP, Inflation Rate YoY September Wednesday, 7:00 pm (NZDT) What is the forecast for Sep: 3.2% South Africa, ZAR, Inflation Rate YoY September Wednesday, 9:00 pm (NZDT) What is the forecast for Sep: 4.9% European Union, EUR, Inflation Rate YoY September Wednesday, 10:00 pm (NZDT) What is the forecast for Sep: 3.0% Canada, CAD, Inflation Rate YoY September Thursday, 1:30 am (NZDT) What is the forecast for Sep: 4.1% Japan, JPY, Inflation Rate YoY September Friday, 12:30 pm (NZDT) What is the forecast for Sep: -0.4%
FRED:MICH
by BlackBull_Markets
Today’s Notable Sentiment ShiftsCAD – The Canadian dollar found support on Tuesday from rising oil prices and a further widening of its trade surplus in August’s report. Analysts note that Friday’s employment report is also likely to be positive and support ongoing expectations for a further reduction in bond purchases. GBP – Sterling rose to a three-week high against the euro on Tuesday, recovering from a sharp sell-off last week as traders turned their attention back to the prospect of interest rate hikes in Britain. Indeed, Commerzbank argues that “in view of the significant discrepancy between ECB and BoE comments, one should expect sterling to be stronger.”
by thunderpips
2
GBPEUR on bearish momentum | 1st OctPrice is currently trading in a descending trend line . and is currently at price level 1.610. Price can potentially dip to the take profit level of 1.1573 which is in line with our Fibonacci extension level of 50% and Fibonacci retracement level of 78.6%. Our bearish bias is further supported by our EMA and Ichimoku cloud indicators. Alternatively, our stop loss is placed at 1.1642 which is in line with our Fibonacci extension level of 78.6%. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
2
Dollar near breaking out or bearflag?Welcome back traders, a mid-weekly update on the market; Gold entered the 1720-1740 support zone and we have a reasonable bounce so far from 1730, however not strong enough to be reversal worthy. The bounce was primarily due to Powell's dovishness yesterday where he mentioned the following 3 points: 1. We have met all but met the test for taper. 2. Even with taper we would be adding accommodation until middle of next year. 3. Test for raising rates is higher. Powell is scheduled today again, and I expect he remains dovish. This will have its effect on the market and I see more bullishness to come from gold after his speech. Today is an extra important day as a bunch of ECB bigwigs is scheduled to speak about "Structural change and the implications of climate change for monetary policy", but we all know what we want to hear from them. Is ECB going to follow the FED in tapering their QE-program? Although LaGarde mentioned they will drive back their asset purchases, she did not mention the word 'tapering' in the last ECB-press conference. The GBP-plan failed miserably after BoE's Mann downplayed a rate hike this year and we saw GBP crumble. This was a reminder for me to stay out of currencies and stay with godly gold. All USD-pairs are on diagonal support/resistance and I expect a bounce from this level, since 60% of breakouts fail. However, if there is a breakout, then this is a strong signal in the market that there is a big shift of money going on, primarily towards the USD. If we do get a bounce, and we see the dollar retrace, then this is the signal that we will remain in the range until the next FOMC in November. End of week, end of month and end of quarter with US GDP scheduled for tomorrow. Exciting and volatile three days ahead. Good luck and happy pippin'. Cheers, Cesaro
TVC:DXY
by CesaroPelucci
2
EURGBP may setup for another bullish move with a bull flag. The EURGBP has held recent gains well coming out of a "false breakdown" a few weeks ago on the break of the .8470 support and reversal out of the descending wedge. Since then, the EURGBP rallied to test the 61.8% Fibonacci retracement of the July high to August low at .8584. From here, dips to the .8525 level could find support as a bull flag is setting up. Whenever you get a sharp reversal, then a shallow pullback, the risk builds for a continuation move. 
Long
by ForexAnalytix
|GBPUSD Short Signal Update and Fundamentals| SteadyTrade A.I.™ Update from previously posted execution via The Jackson Hole Economic Symposium, which will take place next week and is expected to include a speech by Jerome Powell, Chairman of the Federal Reserve Bank of New York, will be the main talking point. Market investors will most certainly scrutinize every word he says after the release of the FOMC minutes this week, which gave further support for the impending tapering operation. However, according to a recent survey conducted by Reuters, the announcement of future tapering should be made only in September, with the first round of tapering to begin only in early next year as a result. Interest rates have an impact on the foreign exchange market because the unwinding of accommodating monetary policy in the United States usually results in a rise in the interest rate, which makes US dollar interest-bearing assets more attractive in the future. Considering the risks and rewards, the safer dollar will generate a greater return (yield) than it did before and may be regarded as more advantageous when contrasted to the higher yielding but riskier South African rand (ZAR). Even more surprisingly, data on the US personal consumption expenditures (PCE) is released halfway through the symposium, further supporting the notion that any comments about tapering are more likely to be made at the September FOMC meeting, or even later. The unemployment rate will be the only significant piece of ZAR data released next week.
by TayFx