Recent content by FxAccents

Analysts Forecast EUR/GBP to Drop According to currency analysts at RBC Capital Markets, the euro may drop to level 0.8236 against sterling in case the pair closes the day below 0.8509. Yesterday, the EUR/GBP pair has closed below the primary support at 0.8571 – RBC’s analysts have an opinion...

GBP Rises as Nationwide House Market Becomes Positive The GBP is rising today consequently to the publishing of positive data on Nationwide House prices. The GBP has recovered its 2-day drop against USD by now. This was also empowered by macroeconomic statistics in Great Britain. House prices...

Scotia Capital: Forex Market Daily Update EURUSD (1.4145). EUR continues to trade within its well defined 1.3750 to 1.4338 range - see middle chart - and has failed twice to break above. Yesterday, the currency formed an ‘engulfing’ pattern, which hints at a underlying change in sentiment. For...

Analysts Prefer Short Positions in USD/JPY On Monday, the USD/JPY pair had set a new 3-week high at level 95.46. However, Mizuho’s analysts note that the upside just followed market situation, when the volume of positions on futures opened was at the lowest level since 2003. Analysts see only a...

GBP/USD Forecast Remains Negative The GBP has opened this week with a positive sentiment – having retraced from level 1.6380, the GBP/USD pair reached level 1.6500. Nevertheless, currency strategists at Commerzbank suppose that any upside will be suppressed at level 1.6585, which comprises 78.6%...

EUR/GBP. Dealers Comment July, 24 Meanwhile GBP/USD managed to stabilize itself and even to recover past losses to some extent, the Euro is still growing with an outperforming speed, taking into consideration more positive economic statistics over the EU-zone today as well as a moderate demand...

EUR/GBP Rising Attempts Are Still Being Resisted Another EUR/GBP upside rebound didn’t prove to be strong enough to pass recent highs near stg0.8700, and dealers note that events of last few days are signaling the weakening of bullish sentiment on the background of rather high interest in...

GBP/USD. Technical View GBP is holding ground above 21-day sliding midline at $1.6360 so far, which allows stating that pair’s prospects remain constructive enough and the bulls may attempt to advance towards $1.6565. On another hand, confident break down will imply risks of a deeper correction...

EUR/USD. Dealers Comment July, 21 EUR/USD dropping attempts are still limited, and after the fall to $1.4180 forced buyers to reveal themselves, pair had rebounded and now is trading near $1.4212. Offers are currently observed at $1.4215/20 and dealers suppose that risks of further rise prevail...

GBP/USD. Dealers Comment July, 20 British currency has started this new week with a quite positive sentiment, which also applies to other risky currencies that also rose against dollar on the background of positive dynamics at the stock markets. Another positive factor was that CIT Group managed...

GBP/USD. Dealers Comment Sterling’s inability of developing an upward motion above $1.6480 disappointed bulls and provoked some shortening of long positions, which went on further today after support at $1.6350 was broken. Drop below bids in stated area became a catalyst of avalanche-like...

EUR/USD. Dealers and Analysts Comment Euro attempted to grow during Asian trading session on the background of rumors about China’s GDP increase by 7.9%. However, those attempts were short-living and were soon replaced by downward correction. Currency strategists at Royal Bank of Scotland turn...

EUR/USD. Analysts Comment on Further Direction of the Pair According to analysts at Commerzbank, EUR/USD pair’s direction is quite indefinite; however there are some hints at it. The pair is consolidating above 55-day sliding midline at level 1.3864, but, as it appears, it won’t find solid...

GBP/USD. Analysts Recommend Selling upon Retracement GBP/USD pair is growing today. It has reached level 1.6400 by now. According to analysts at RBS, such retracement from support line allows selecting a strategy of selling the pair from slightly higher levels during the day. After GBP/USD pair...

Market is Awaiting Corporate Reports Release of ZEW German research institute report made quite bad impression on bulls among Euro pairs on the background of sudden decrease in optimism concerning perspective of situation in Germany and EU Zone as a whole. Industrial production data appeared...