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10 Apr 2015

EUR/GBP under pressure, still above 0.7200

FXStreet (Córdoba) - EUR/GBP fell sharply during the last five days and currently trades at 0.7230, 130 pips below the level it closed last week. Today the pair reached a 1-week low at 0.7223 and then bounced slightly to the upside but the area around 0.7260 capped the recovery.

The euro was the worst performer among majors during the week, resuming the decline but so far it has been able to hold above multi-year lows. The pound also lost ground in the market, rising only against the euro and the Swiss franc.

The decline of EUR/GBP from 0.7378 (April 4 high) found support around 0.7220, that is a key support level in the short term, currently under pressure. The mentioned level also capped the decline last week.

Apr 10, 2015

Peru leaves rates unchanged – Scotiabank

According to Eduardo Suarez, Chief FX Strategist at Scotiabank, the Peruvian central bank left its monetary policy unchanged, in line with market consensus...

EUR/USD ends a dreadful week

Another unsuccessful attempt to break above the critical resistance band at 1.1040/60 at the beginning of the week seems to have sparked a correction of more than 4 big-figures in EUR/USD...