EURGBP – British Pound Weakness To Continue?

EURGBP – British Pound Weakness To Continue? Key Highlights             Recent economic releases in the UK failed to help the British Pound and it traded lower not only against the US dollar, but also against the Euro. EURGBP traded above 0.7400-50 resistance area, which pushed the pair higher in the short term. Today, the Euro Area Industrial Production...
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EURGBP – Critical Break Noted; More Upsides Ahead?

EURGBP – Critical Break Noted; More Upsides Ahead? Key Highlights             Euro managed to gain traction against the British Pound and traded above a major resistance area. There was a contracting triangle on the hourly chart, which was broken during the upside move. Today, the UK Gross Domestic Product will be released by the National Statistics, whi...
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EURGBP Mixed Post UK Employment Report

Key Highlights Euro after climbing higher not only against the US dollar, but also against the British Pound found resistance and traded lower. UK Claimant Change released by the National Statistic registered a reading of -4.9K, whereas the market was expecting 1.5K in June 2015. The ILO Unemployment Rate remained steady at 5.6% as expected by the FX market. Average E...
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The EURGBP Remains in Clear Downtrend under Pressure

Key Highlights Euro continued to weaken not only against the US Dollar, but also currencies such as the British Pound. EURGBP is under pressure and remains at risk of more declines in the near term. Today, the UK Construction PMI will be released by the Chartered Institute of Purchasing & Supply and Markit Economics, which might impact the EURGBP pair. In Japan, t...
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EURGBP – Euro at Clear Risk of Further Declines

Key Highlights EURGBP pair continues to correct lower from recent high of 0.7418 just shy of the key barrier at 0.7420. Nothing eventful in Euroland data wise today, which means action might be sentiment based. Earlier today in Australia, the RBA reduced interest rates from 2.25% to 2% as forecasted. RBA Interest Rate Decision Today, there was a monster release in...
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EURGBP at Make it or Break Levels

Key Highlights Euro’s slide against the British pound gained pace as sellers managed to take it lower. EURGBP tested the 0.7200 support area where buyers just managed to protect the downside. Today, in the Euro zone the Portugal Consumer Price Index was released by Statistics Portugal, which posted a rise of 1.9% in March 2015, compared to the preceding month. Tech...
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EURGBP Might Struggle To Trade Higher

Key Highlights Euro traded higher against the British pound, but struggled to clear a major hurdle at 0.7350. EURGBP market sentiment looks bullish, but it is facing an important resistance which is stalling upside in the near term. Germany Factory orders will be released by the Deutsche Bundesbank, which is expected to increase by 1.5% in February 2015, compared to the...
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EU Facing Uphill Task, EUR Moves Lower Against USD And GBP

Key Highlights Euro continued to move lower against the US dollar and the British pound as sellers gain control. In the UK, the Rightmove House Price was released, which posted an increase of 1% in March 2015. EURGBP found support around the 0.7000 handle recently, but facing an important resistance on the upside. UK Rightmove House Price Earlier today, the UK Rig...
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The European Central Bank (ECB) Sets To Ignite Moves In Euro

Key Highlights Euro nosedived not only against the US dollar recently, but also weakened a lot against the British pound. Today, the ECB Interest Rate Decision will be announced by the European Central Bank in which easing measures is likely to cause a lot of action in the Euro pairs. BoE Interest Rate Decision will also be announced by the Bank of England in which cent...
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