Forex Trading: EUR/GBP Reversal On Tap

RELATED QUOTES

SymbolPriceChange
EURGBP=X0.7620+0.0006

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
    1.3809-0.0007-0.05%
    USDSGD=X
    1.5374-0.0013-0.08%
    EURSGD=X
    2.0175-0.0032-0.16%
    GBPSGD=X
    80.4877+0.0447+0.06%
    SGDJPY=X
    5.6252+0.0016+0.03%
    SGDHKD=X
    2.9920+0.0147+0.49%
    SGDMYR=X
    9,870.0176+2.834+0.03%
    SGDIDR=X
    4.7674+0.0042+0.09%
    SGDCNY=X
    0.9991+0.0067+0.67%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,214.00-2.70-0.22%
    GCQ16.CMX
    16.12-0.14-0.89%
    SIN16.CMX
    79.41-2.71-3.31%
    ^XAU
    2.10-0.01-0.69%
    HGN16.CMX
    49.52+0.19+0.39%
    CLN16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.39+0.04
    ^FVX
    1.85+0.03
    ^TNX
    2.65+0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.295+0.015+5.36%
    N21.SI
    1.025+0.015+1.49%
    C22.SI
    0.54+0.01+1.89%
    5ME.SI
    3.92+0.02+0.51%
    Z74.SI
    0.380.000.00%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    1.655+0.155+10.33%
    BAI.SI
    0.295+0.025+9.26%
    40T.SI
    0.35+0.03+7.69%
    588.SI
    0.78+0.05+7.59%
    ATL.SI
    0.22+0.02+7.32%
    S71.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.395-0.035-8.14%
    BTJ.SI
    0.285-0.035-10.94%
    S19.SI
    0.26-0.03-11.86%
    BLU.SI
    0.305-0.040-11.59%
    BBP.SI
    0.152-0.019-11.11%
    BEH.SI