Forex Trading: Selling EURGBP Rebound Ahead Of BoE Minutes

RELATED QUOTES

SymbolPriceChange
EURGBP=X0.8221-0.0002

With the European Central Bank (ECB) and Bank of England (BoE) interest rate decisions out of the way, the dovish tone held by President Mario Draghi reinforces our bearish outlook for the EURGBP, and we will look to sell a rebound in the exchange rate amid the deviation in the policy outlook. In turn, we attempt to short the EURGBP on a move back towards the 0.8100 figure, with the stop above the monthly high, and we will maintain an open target going into the BoE Minutes as we anticipate the central bank to sound more hawkish this time around.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2531+0.0008+0.06%
    USDSGD=X
    1.7311+0.0009+0.05%
    EURSGD=X
    2.1058+0.0017+0.08%
    GBPSGD=X
    81.8686+0.0863+0.11%
    SGDJPY=X
    6.1875-0.0045-0.07%
    SGDHKD=X
    2.5938+0.0083+0.32%
    SGDMYR=X
    9,123.3359+4.4736+0.05%
    SGDIDR=X
    4.9733+0.0029+0.06%
    SGDCNY=X
    1.1690+0.0003+0.02%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,287.80-6.10-0.47%
    GCM14.CMX
    19.38-0.22-1.13%
    SIK14.CMX
    90.18
    ^XAU
    3.050.00+0.03%
    HGK14.CMX
    103.10-0.27-0.26%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.72
    ^FVX
    2.70
    ^TNX
    3.50
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.113-0.002-1.74%
    B22.SI
    0.135+0.010+8.00%
    545.SI
    2.190.0000.00%
    JS8.SI
    0.605-0.005-0.82%
    E5H.SI
    0.143+0.004+2.88%
    5GB.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.255+0.040+18.60%
    5UE.SI
    0.345+0.045+15.00%
    5DS.SI
    0.18+0.020+12.50%
    T16.SI
    0.19+0.016+9.20%
    540.SI
    0.138+0.011+8.66%
    J74.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.17-0.030-15.00%
    5WD.SI
    0.118-0.014-10.61%
    S71.SI
    0.123-0.013-9.56%
    5FI.SI
    0.20-0.020-9.09%
    D6U.SI
    0.29-0.025-7.94%
    O08.SI