Forex Trading: EUR/GBP Reversal On Tap

RELATED QUOTES

SymbolPriceChange
EURGBP=X0.8662-0.0011

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 MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.141+0.003+2.17%
    N21.SI
    0.107+0.004+3.88%
    43E.SI
    3.99+0.03+0.76%
    Z74.SI
    0.755+0.015+2.03%
    BS6.SI
    0.156+0.004+2.63%
    AFC.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.34+0.06+19.30%
    K29.SI
    0.133+0.020+17.70%
    5PF.SI
    1.48+0.16+12.12%
    S91.SI
    0.245+0.025+11.36%
    K14.SI
    0.60+0.05+9.09%
    AZA.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.56-0.18-24.32%
    5VJ.SI
    0.151-0.039-20.53%
    BGO.SI
    0.405-0.060-12.90%
    K1Q.SI
    0.15-0.02-11.76%
    5PL.SI
    0.10-0.01-9.09%
    5DL.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3592-0.001-0.07%
    USDSGD=X
    1.5282-0.0021-0.14%
    EURSGD=X
    1.7645+0.0017+0.10%
    GBPSGD=X
    74.1240+0.40+0.54%
    SGDJPY=X
    5.7044+0.0051+0.09%
    SGDHKD=X
    3.0273-0.0069-0.23%
    SGDMYR=X
    9,516.0479-62.7744-0.66%
    SGDIDR=X
    4.9054+0.0036+0.07%
    SGDCNY=X
    1.0438+0.0052+0.50%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,338.10-6.00-0.45%
    GCZ16.CMX
    19.55-0.05-0.26%
    SIZ16.CMX
    94.45-1.31-1.37%
    ^XAU
    2.19-0.01-0.48%
    HGZ16.CMX
    43.85+0.41+0.94%
    CLV16.NYM
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    TreasuryYield (%)Yield Change
    1.13-0.03
    ^FVX
    1.59-0.03
    ^TNX
    2.33-0.01
    ^TYX