Forex Trading: EUR/GBP Reversal On Tap

RELATED QUOTES

SymbolPriceChange
EURGBP=X0.7163+0.0007

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
    1.3324-0.0001-0.01%
    USDSGD=X
    1.4454-0.0021-0.15%
    EURSGD=X
    2.0177-0.0051-0.25%
    GBPSGD=X
    89.6041+0.3846+0.43%
    SGDJPY=X
    5.8175+0.0013+0.02%
    SGDHKD=X
    2.6741-0.008-0.30%
    SGDMYR=X
    9,768.4570+49.8809+0.51%
    SGDIDR=X
    4.6685+0.0194+0.42%
    SGDCNY=X
    1.0411-0.001-0.10%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,185.70+10.70+0.91%
    GCM15.CMX
    15.95+0.32+2.04%
    SIK15.CMX
    71.12+1.16+1.66%
    ^XAU
    2.76+0.01+0.47%
    HGK15.CMX
    57.33+0.18+0.31%
    CLM15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.34-0.01
    ^FVX
    1.93-0.02
    ^TNX
    2.62-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.23+0.01+2.22%
    5GB.SI
    0.85+0.01+1.19%
    N21.SI
    0.2950.0000.00%
    5WA.SI
    0.425-0.005-1.16%
    E5H.SI
    0.41+0.02+5.13%
    5EN.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.184+0.031+20.26%
    W12.SI
    0.225+0.025+12.50%
    D38.SI
    0.12+0.01+11.11%
    E6R.SI
    0.26+0.02+10.64%
    D79.SI
    0.425+0.040+10.39%
    TI6.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.113-0.046-28.93%
    5IF.SI
    0.105-0.020-16.00%
    5DL.SI
    0.50-0.07-12.28%
    D11.SI
    0.197-0.023-10.45%
    AFC.SI
    0.146-0.016-9.88%
    T19.SI