Forex Trading: EUR/GBP Reversal On Tap

RELATED QUOTES

SymbolPriceChange
EURGBP=X0.7255-0.0011

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.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3628+0.0055+0.41%
    USDSGD=X
    1.5258+0.0062+0.41%
    EURSGD=X
    2.1040+0.0128+0.61%
    GBPSGD=X
    87.7859-0.1898-0.22%
    SGDJPY=X
    5.6912-0.0225-0.39%
    SGDHKD=X
    2.6536-0.0003-0.01%
    SGDMYR=X
    9,530.7559+51.6582+0.54%
    SGDIDR=X
    4.5989-0.0113-0.25%
    SGDCNY=X
    1.0645+0.0061+0.58%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,214.50+3.50+0.29%
    GCM15.CMX
    16.620.00-0.02%
    SIK15.CMX
    76.94+1.10+1.45%
    ^XAU
    2.690.00-0.17%
    HGK15.CMX
    49.45+1.28+2.66%
    CLJ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.50-0.02
    ^FVX
    2.00-0.01
    ^TNX
    2.60-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.975-0.085-8.02%
    N21.SI
    0.405-0.005-1.22%
    E5H.SI
    0.280.000.00%
    5WA.SI
    0.70-0.01-1.41%
    Y92.SI
    0.985+0.005+0.51%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.17+0.03+21.43%
    40B.SI
    0.24+0.02+11.63%
    B1N.SI
    0.625+0.060+10.62%
    L5I.SI
    0.80+0.07+9.59%
    533.SI
    0.24+0.02+9.09%
    D79.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.42-0.04-8.70%
    CH8.SI
    0.105-0.010-8.70%
    J8O.SI
    0.14-0.01-8.50%
    5TJ.SI
    0.975-0.085-8.02%
    N21.SI
    0.29-0.03-7.94%
    AFC.SI