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EURGBP


XM Research

Technical Analysis – EURGBP consolidates above 20-day SMA

EURGBP looks for resistance at 50-day SMA RSI confirms sideways move EURGBP has been consolidating beneath the 50-day simple moving average (SMA), which overlaps with the 0.8578 resistance level and the six-month low of 0.8500 since January 18. According to technical oscillators, the RSI is confirming the sideways movement as it is holding near the neutral threshold of 50, while the MACD is standing above its trigger line but still beneath the zero level.
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Inflation still matters for the ECB – Preview

The eurozone inflation report for February on the menu this week Most ECB members worry about the growth outlook after the mixed PMIs The euro continues to suffer again against the pound German CPI will be published on Thursday; Eurozone on Friday 10:00 GMT With global stock markets attracting lots of interest due to their consecutive all-time highs, the countdown to the March 7 ECB meeting has commenced.
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Could Eurozone PMI surveys open the door to a March ECB rate cut? – Preview

All eyes are on growth as PMI and IFO surveys are released this week The market could be looking for dovish hints at the ECB minutes Euro remains on the back foot against the pound Euro area PMI surveys will be published on Thursday 09:00 GMT Strong US data releases help the ECB hawks The upside surprises recorded by the recent US labour market statistics and the US inflation report have forced the market to reconsider its monetary policy expectations for 2024. Apart from the
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Technical Analysis – EURGBP reaches lower limit of range

EURGBP pivots higher at the bottom of a range Technical signals not bullish yet Eyes on the 0.8540 resistance zone   EURGBP switched to recovery mode after almost reaching August’s one-year low of 0.8491 and the bottom of the 2023 range area. While the area looks to be an ideal place for an upside reversal, the technical picture cannot guarantee a sustainable rebound.
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S&P 500 at all-time highs, expected to make bigger moves ahead – Volatility report

Volatility remains low across the FX spectrum with the exception of EUR/USD Gold volatility drops but silver remains at its midpoint; oil and Bitcoin set for small moves S&P 500 volatility rises significantly; remaining stock indices in calmer waters Volatility in EUR/USD has jumped as the pair recorded a sizeable correction last week following some key data releases.
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Technical Analysis – EURGBP hits the lower bound of a broader range

EURGBP slides but finds support at the lower end of a range A break below that support may turn the outlook bearish Both the MACD and the RSI detect downside momentum EURGBP entered a sliding mode on December 28, after hitting resistance slightly above 0.8700, the upper boundary of the broader sideways range that’s been containing most of the price action since the beginning of May 2023. That said, the slide was paused yesterday near the lower end of the range at around 0.8520, a
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EURGBP may rebound off 0.8550 to reduce bearish actions However, technical oscillators and SMAs indicate negative movements EURGBP is creating a double bottom formation at 0.8550, which is acting as a significant support barrier. The simple moving averages (SMAs) are moving lower, confirming the recent bearish action in price, while the technical oscillators are suggesting more losses.
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Volatility Report – January 23, 2024

Volatility remains significantly low across the currency board Commodity markets seem quiet as well, oil exhibits more volatility than metals US indices in the middle of volatility range, JP225 and Bitcoin are rather hot The recent range-trading in most major currency pairs has caused their expected volatility to drop to relatively low levels.
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Volatility Report – January 16, 2024

Volatility crashed across the FX spectrum including EUR/USD and JPY crosses Gold and Silver volatility drops; oil and Bitcoin set for sizeable moves Stock indices in turbulent waters, JP225 volatility records a new monthly high  The recent range-trading in EUR/USD has caused the expected volatility to drop to the lowest level of the past month, despite some key data releases.
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Technical Analysis – EURGBP continues to oscillate within a range

EURGBP slides but remains within a range MACD and RSI detect negative momentum A dip below 0.8520 could turn the outlook bearish EURGBP has been drifting south recently, after it hit resistance slightly above the 0.8700 territory. That said, although the pair is currently trading below all three of the plotted exponential moving averages (EMAs) on the daily chart, it is still stuck within the sideways range between 0.8520 and 0.8700. That range has been containing most of the price
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Volatility Report – January 9, 2024

EUR/USD and GBP/USD volatility picks up, JPY crosses seem quiet Gold and Silver volatility inches lower, oil and Bitcoin set for big moves US indices in calm waters; DAX and JP225 volatility at monthly highs EUR/USD expected volatility remains high after a market moving NFP report and ahead of the US CPI data on Thursday. On the flip side, yen crosses are expected to experience very low volatility going forward.
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EURGBP posts strong negative move RSI and MACD supports the bearish structure on price EURGBP is plummeting beneath the simple moving averages (SMAs), shifting the positive outlook to bearish in the near-term. The RSI indicator is showing some weakness, dropping beneath the neutral threshold of 50, while the MACD is falling below its trigger line and is holding near the zero level.
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Technical Analysis – Could EURGBP bulls keep the rebound alive?

EURGBP edges higher after weaker UK CPI Path higher filled with strong resistance points Momentum indicators are mostly bullish EURGBP is trading higher today after the downside surprise registered by the UK inflation report. The 0.8635 level was easily surpassed with the EURGBP bulls now preparing to test the resistance set by the 0.8657-0.8720 area.
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Volatility Report – December 19, 2023

EUR/USD volatility eases aggressively, major JPY crosses remain in turbulent waters Gold and oil volatility at their midpoints, silver expected to experience sizeable moves Volatility drops in stock indices except JP225; Bitcoin returns to calmer periods EUR/USD expected volatility dropped to the lowest level of the past 30 days as the market appears to be preparing for the much-needed break.
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Will UK CPI please the market ahead of the festive break? – Preview

Market recovering from Thursday’s relatively hawkish show by the BoE Pound would benefit against the euro from an upside CPI surprise November inflation report will be released on Wednesday (07.00 GMT) A surprisingly hawkish BoE last week Contrary to market expectations and the Fed setting the scene for a dovish round of central bank gatherings, the Bank of England did not pivot at last week’s meeting.
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EURGBP failed to cross below 0.8555 Upside moves may be next EURGBP is regaining some ground after the several attempts to move beneath the 0.8555 support level. According to technical oscillators, the RSI is ticking north after the bounce off the 30 level, while the MACD is strengthening its upside momentum above its trigger line in the negative region.
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BoE policy decision: keep it neutral as it can go – Preview

BoE to keep rates steady at 5.25% and stick to existing guidance Avoid rate cut signals as no press conference or new projections scheduled   No rate cut surprises expected; UK economy is still resilient The Bank of England (BoE) will review its monetary policy during the last meeting of the year on Thursday after the Fed and the ECB have their say.
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Volatility Report – December 12, 2023

EUR/USD volatility in neutral zone, major JPY crosses in turbulent waters Gold and silver follow opposite volatility paths, oil remains quiet Volatility picks up in stock indices except S&P500; Bitcoin set for sizeable moves EUR/USD expected volatility remains subdued despite the crucial CPI print expected later today. Meanwhile, the Yen has disrupted a period of calmness across the currency board as its pairs are the only ones showing a jump in volatility relative to last w
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Volatility Report – Introducing our new weekly publication

Hello XM customers/viewers, Today we are introducing our new weekly post that helps you locate instruments that might make big moves in the coming sessions; the Implied Volatility Table. So, what is Implied Volatility and why it is important? Implied or expected Volatility is a forecast of a likely movement in a financial instrument's price, which is derived from market-traded option prices.
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Will ECB set the stage for an early 2024 rate cut ? – Preview

The final ECB rate-setting meeting for 2023 could hold surprises Market looks for rate-cut hints; extra focus on projections and overall rhetoric Decision will be announced on Thursday 12.15 GMT, press conference at 12:45 GMT Is President Lagarde ready for a dovish tilt? This week is shaping up to be a cracking one as the final ECB meeting for 2023 will be held on Thursday, a day after the respective Fed gathering.
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