Forex Trading: EUR/GBP Reversal On Tap

RELATED QUOTES

SymbolPriceChange
EURGBP=X0.7271-0.0053

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
    1.3705-0.0005-0.03%
    USDSGD=X
    1.4829-0.0079-0.53%
    EURSGD=X
    2.0396+0.0043+0.21%
    GBPSGD=X
    87.0844+0.1114+0.13%
    SGDJPY=X
    5.6575+0.0016+0.03%
    SGDHKD=X
    2.6891+0.0142+0.53%
    SGDMYR=X
    9,526.8340+24.6436+0.26%
    SGDIDR=X
    4.5366+0.0067+0.15%
    SGDCNY=X
    1.0678-0.005-0.47%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,197.50-7.30-0.61%
    GCJ15.CMX
    17.00-0.14-0.79%
    SIK15.CMX
    68.39-1.10-1.58%
    ^XAU
    2.79-0.02-0.84%
    HGK15.CMX
    50.28-1.15-2.24%
    CLK15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.47+0.06
    ^FVX
    2.01+0.09
    ^TNX
    2.60+0.10
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.435+0.030+7.41%
    E5H.SI
    0.131+0.015+12.93%
    E13.SI
    0.167+0.004+2.45%
    5GB.SI
    0.285-0.005-1.72%
    5WA.SI
    0.945+0.015+1.61%
    N21.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.31+0.08+34.78%
    5PD.SI
    0.131+0.015+12.93%
    E13.SI
    0.255+0.025+10.87%
    D79.SI
    0.39+0.03+9.86%
    D03.SI
    0.435+0.030+7.41%
    E5H.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.135-0.007-4.93%
    K14.SI
    1.862-0.095-4.85%
    O9D.SI
    0.515-0.025-4.63%
    R07.SI
    0.22-0.01-4.35%
    M14.SI
    0.225-0.010-4.26%
    DU4.SI