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EUR / GBP

DavidApol · 13 · 6461

DavidApol

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on: Sep 17, 2013, 04:47 PM
There is Strength in Numbers – Euro vs Pound

The 17 members of the European Union is about to show the United Kingdom why there is strength in numbers. First of all, the European Central Bank (ECB) has made an agreement with the Bank of England (BOE) to extend the liquidity swap agreement until September 30, 2014. Since the two economies are major import/export partners with one another, this decision further stimulates economic activities, and will continue to benefit both parties. But, there is quite a discrepancy between the scheduled data release for the two neighbors.

To see the full recommendation, please click this link: http://metisetrade.com/index.php/research?menu=s-fundamentalreport&code=DAAP


MetisEtradePR

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Reply #1 on: Aug 28, 2014, 06:17 PM


EURGBP has generally been moving in a downtrend for over a year. Within this downtrend, a two-month uptrend has been forming. The formation of this short-term uptrend can be taken advantage of by executing a buy position.

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MetisEtradePR

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Reply #2 on: Sep 24, 2014, 06:32 PM


The overall slowdown in the business sector of the Euro zone was due to the decline in business output of some member countries. Given that business output is leading indicator of economic health, the report confirms the slowdown in the Euro economy. Tomorrow, Bank of England’s Governor Draghi will give a speech in Wales. There is a high possibility that the speech will build more confidence in the economy of the UK which may drive demand for the Pound. Given that the UK economy is stronger than the Euro’s, we may expect the Pound to rise against the Euro. A sell position in EURGBP is recommended.


ferrariEverest

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Reply #3 on: Sep 24, 2014, 06:48 PM
"Bank of England’s Governor Draghi"? Please do your research before you post.


Dogberto

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Reply #4 on: Sep 25, 2014, 12:30 AM
"Bank of England’s Governor Draghi"? Please do your research before you post.

Haha good one dapat ECB :hello:
In-house research lang talaga yun mga reports nila.
Minsan may mga typos atbp. lulz...
In fairness, kumita naman itong trade hehehe!


ferrariEverest

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Reply #5 on: Sep 25, 2014, 07:57 AM
Haha good one dapat ECB :hello:
In-house research lang talaga yun mga reports nila.
Bakit ikaw na naman ang sumagot on their behalf? Paano mo nalaman na in-house research talaga yun? Metis employee ka ba talaga? ;)


Dogberto

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Reply #6 on: Sep 25, 2014, 10:55 AM
Bakit ikaw na naman ang sumagot on their behalf? Paano mo nalaman na in-house research talaga yun? Metis employee ka ba talaga? ;)

Hindi naman ako sumasagot on their behalf... nagreremark lang ako sa observation mo!
Again I am not paid by them or their employee... just a guy who reads research reports hunting for good trades :yoohoo:


MetisEtradePR

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Reply #7 on: Oct 23, 2014, 05:15 PM


Support and Resistance Level

The cable has continuously gained against the sterling since the second half of 2013, but has been consolidating between 0.787 and 0.803 for the past few months. Considering the downtrend channel, resistance presently holds at 0.79944, where a good shorting opportunity is provided. Profit-taking could be done near support at 0.77867. Conservative investors are advised to open a sell position only after a bound from the price ceiling.

Trend Indicators

The period-100 (red line) and period-200 (blue line) simple moving averages on the hourly chart supports the recent downtrend formed in EURGBP. A resistance zone from the trend indicators holds between 0.79156 and 0.79279.

Oscillators


A loss in bearish momentum is suggested in the short-term as the relative strength index in the hourly chart reached higher lows although the price chart reached lower lows. A price retracement would most likely coincide with a test of RSI level 60.


MetisEtradePR

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Reply #8 on: Dec 03, 2014, 07:23 PM


UK’s services sector is estimated to have expanded faster for the month of November compared to the previous month. The Services PMI to be released later is expected to be at 56.6, higher than the previous month’s 56.2. The previous month’s slowdown can be attributed to the effect of the global economic uncertainty on services companies such as banks and hotels. The expansion in the services sector remains strong in the British economy given that the PMI is still above the 53.65 average from 2007 to 2014. Since the services sector make up the bulk of UK’s business sector, a better than expected data confirms that the UK economy is recovering despite external risks


MetisEtradePR

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Reply #9 on: Dec 18, 2014, 06:04 PM


Inflation from both the UK and the Euro area has declined these past few months as the dip in oil prices have been pulling the consumer price indices downward. The Euro region’s inflation has hit a 5-year low at 0.3% in November, while UK inflation is down to 1%, the lowest in almost 12 years. Despite this, several economic indicators indicate the UK’s resilience over its European neighbors as growth in both business output and local consumption remains high in Great Britain. Retail sales growth for 2014 averaged 3.6% in the UK, while it only grew by 1.1% in the EU. In addition to this, industrial production expanded by 2.2% in the UK, while it only expanded by 0.9% in the Euro area.


MetisEtradePR

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Reply #10 on: Mar 04, 2015, 06:10 PM


In their last rate statement, Bank of England unanimously decided to keep rates 0.50%. The BOE is expected to keep current rates in their rate decision tomorrow. UK’s CPI growth for the month of January was reported to be at 0.3%, the lowest level recorded. There is a possibility for the central bank to cut rates in the future if inflation remains dangerously low. But if inflation recovers, there is a possibility for the central bank to increase rates sooner than expected. Aside from its inflation problem, economic data shows that there is an improvement in the UK economy.


SuperForex

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Reply #11 on: Dec 08, 2016, 09:27 PM
Technical analysis of the currency pair EUR/GBP on 08/12/2016. The daily chart


General analysis.
On Wednesday 08/12/16 currency EUR / GBP pair has closed higher by almost 70 points and now the price is located at the level of 0.8516.

Price has not been able to go below 0.8370 support by forming a rebound from this level.

A few months ago the price has already been successfully beat off from support level 0.8370 which has given rise to the medium-term uptrend. After obtaining several signals from other tools and indicators we can confidently can expect the beginning of growth now also.

Stochastic indicator is in the neutral zone but shows a clear upward trend.

Yesterday's daily candle with a large white body indicates the strength of buyers and likely confirm the formation of the bottom at the level of 0.8370.

Next few days
Total long-term trend for the EUR / GBP pair is still upward and now in the chart formed a favorable situation for opening long.

The nearest resistance level for the prices serves mark 0.8700 near which we recommend placing orders for take profit.
After the price breaks the level of 0.8700 the next upside target will be the 0.8850.




SuperForex

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Reply #12 on: Dec 14, 2016, 10:29 PM
Technical analysis of the currency pair EUR/GBP on 14/12/2016. The daily chart


General analysis
Since the end of last week exchange rate for the currency pair EUR / GBP has started to decline and now approached to the minimum price fluctuations in the past few weeks - 0.8370.
At the level of 0.8370 is located a significant support level from which the price has bounced up several times already. Last fall to this support was the last week and price successfully strayed up from it.
This week the price again approached to the level of 0.8370 and the last two daily candle closed as a "doji" thereby forming a bottom at around 0.8350.


In the case of forming the bottom and rebound from 0.8370 level reversal pattern "double bottom" will be formed from which we can open long deals in the medium term.


Also today we should pay attention to news coming out of the UK and today is scheduled to publish data about Unemployment Rate and Claimant Count Change. Usually the output of such data has a significant impact on the market movement.


We recommend expected major news from the UK and if there will not big surprises open the deal to buy after formation of a "double bottom" at the level of 0.8370.



 


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