Forex Trading: EUR/GBP Reversal On Tap

RELATED QUOTES

SymbolPriceChange
EURGBP=X0.7889+0.0015

With the EURGBP quickly bouncing back to the 0.8100 figure, we’re looking to sell the short-term rebound in the exchange rate, and we anticipate to see a short-term reversal in the exchange rate as it remains capped around 0.8140-50, the 78.6% Fib from 2008 low to the 2009 high. As the euro-pound continues to carve out a broader top around the key figure, the deviation in the policy outlook for the euro-area and the U.K. continues to instill a bearish forecast for the pair, and we should see the exchange rate resume the downward trend from earlier this as the European Central Bank (ECB) shows a greater willingness to lower the benchmark interest rate further.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3594+0.0006+0.04%
    USDSGD=X
    1.5511+0.0016+0.10%
    EURSGD=X
    1.9663-0.0016-0.08%
    GBPSGD=X
    78.7149-0.2372-0.30%
    SGDJPY=X
    5.7095-0.0026-0.05%
    SGDHKD=X
    2.9535-0.0002-0.01%
    SGDMYR=X
    9,820.5098-6.1826-0.06%
    SGDIDR=X
    4.7856-0.002-0.04%
    SGDCNY=X
    1.0024-0.012-1.18%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,280.80+8.50+0.67%
    GCM16.CMX
    17.33+0.01+0.05%
    SIN16.CMX
    85.15+1.88+2.26%
    ^XAU
    2.160.00+0.19%
    HGN16.CMX
    43.92-0.40-0.90%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.21-0.03
    ^FVX
    1.75-0.04
    ^TNX
    2.61-0.04
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.22+0.02+10.00%
    AFC.SI
    0.405-0.020-4.71%
    N21.SI
    3.76-0.02-0.53%
    Z74.SI
    1.815-0.055-2.94%
    MC0.SI
    0.365-0.015-3.95%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.22+0.02+10.00%
    AFC.SI
    0.51+0.05+12.09%
    BMA.SI
    0.235+0.015+6.82%
    BQM.SI
    2.14+0.12+5.94%
    C14.SI
    0.174+0.009+5.45%
    O08.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.15-0.06-30.23%
    B26.SI
    0.24-0.04-14.29%
    BHO.SI
    0.245-0.035-12.50%
    5CF.SI
    0.185-0.020-9.76%
    F86.SI
    0.635-0.050-7.30%
    U9E.SI