Forex Trading: EUR/GBP Reversal On Tap

RELATED QUOTES

SymbolPriceChange
EURGBP=X0.7017-0.001

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
    1.3770-0.0007-0.05%
    USDSGD=X
    1.5084-0.0007-0.05%
    EURSGD=X
    2.1498+0.0024+0.11%
    GBPSGD=X
    90.0251+0.0199+0.02%
    SGDJPY=X
    5.6312+0.0034+0.06%
    SGDHKD=X
    2.8012+0.0018+0.06%
    SGDMYR=X
    9,794.8379+14.0244+0.14%
    SGDIDR=X
    4.5118+0.0042+0.09%
    SGDCNY=X
    1.0216+0.019+1.89%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,090.60+1.40+0.13%
    GCU15.CMX
    14.62+0.06+0.43%
    SIZ15.CMX
    46.21+0.68+1.48%
    ^XAU
    2.37+0.02+0.83%
    HGU15.CMX
    46.39+0.83+1.82%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.54+0.03
    ^FVX
    2.18+0.03
    ^TNX
    2.87+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.60+0.13+27.66%
    N21.SI
    2.35+0.15+6.82%
    MC0.SI
    0.32+0.01+3.23%
    E5H.SI
    0.129+0.006+4.88%
    5DN.SI
    0.310.000.00%
    5WA.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.60+0.13+27.66%
    N21.SI
    0.445+0.065+17.11%
    AZT.SI
    0.31+0.05+16.98%
    578.SI
    0.15+0.02+16.28%
    EB7.SI
    0.119+0.014+13.33%
    5FR.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.23-0.04-14.81%
    5WR.SI
    0.425-0.060-12.37%
    MN5.SI
    0.20-0.02-9.09%
    L02.SI
    0.164-0.016-8.89%
    5KU.SI
    0.42-0.04-8.70%
    AZZ.SI