Euro - English Pound Analysis

US Session Analysis for CFD Instruments 07/02/2019

Fundamental analysis

07 February, 2019

EUR/GBP rose 0.13% on Thursday to hit a session high of 0.88126. The Bank of England (BOE) held its benchmark interest rates steady on Thursday, with just 50 days to go before the U.K. leaves the European Union. As widely expected, the BOE’s nine-member Monetary Policy Committee (MPC), led by Mark Carney, unanimously voted to leave interest rates unchanged at 0.75%. “U.K. economic growth slowed in late 2018 and appears to have weakened further in early 2019,” policymakers at the central bank said. On Brexit, Prime Minister Theresa May was in Brussels on Thursday to plead with EU leaders to change the Brexit divorce deal she negotiated last year, in order to get it through parliament, after they offered little hope they were willing to do so. The upside potential, however, seemed limited as EU Commission sharply cut on Thursday its forecasts for euro zone economic growth this year and next because it expects the bloc’s largest countries to be held back by global trade tensions and an array of domestic challenges. The Commission said euro zone growth will slow to 1.3% this year from 1.9% in 2018, before rebounding in 2020 to 1.6%. The new estimates are far less optimistic than those released in November, when Brussels expected the euro zone to grow 1.9% this year and 1.7% in 2020. The European Commission slashed its economic growth forecasts for Italy for 2019 and 2020 on Thursday. The Commission said Italian gross domestic product was likely to grow by only 0.2% in 2019, down from 1.0% in 2018 and against a 1.2% growth forecast the Commission made last November.

Technical analysis

Euro - English Pound Analysis Technical analysis 07/02/2019
Time Frame: 1 hour

EURGBP Support & Resistance Table - 07/02/2019

Support & Resistance Level Explanation
Resistance 2 0.8847 Daily R2
Resistance 1 0.8821 Daily R1
Support 1 0.8776 Daily S1
Support 2 0.8750 Daily S2

EURGBP Indicator Table - 07/02/2019

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Neutral
RSI (14) Buy
Stochastic ( 9;6;3) Buy

EURGBP Indicator / Period Table - 07/02/2019

Indicator / Period Day - BuyWeek - SellMonth - Buy
MACD( 12;26;9) Neutral SellBuy
RSI (14) Buy NeutralNeutral
SMA 20 Buy SellSell

EURGBP 07/02/2019 - Reference Price : 0.8799

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (0)
Share It With Your Network
Euro - Pound Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Close

Be aware of the Working hours of the global financial markets for Good Friday / Easter 19.04.2019. - 22.04.2019.

Instrument 19.04.2019 22.04.2019
ALL FOREX Regular Regular
Indices
S&P 500 closed Regular
NASDAQ 100 closed Regular
DJ 30 closed Regular
DAX closed closed
FTSE 100 closed closed
CAC closed closed
IBEX35 closed closed
DJ_EUR50 closed closed
Nikkei 225 closed Regular
HSI closed closed
FTSEMIB40 closed closed
ASX 200 closed closed
Russell 2000 closed Regular
AEX25 closed closed
CHINA 50 closed Regular
SMI closed closed
DOLLAR INDEX closed Regular
Energy
Crude oil closed Regular
Brent Oil closed Regular
Natural Gas closed Regular
Heating oil closed Regular
Gasoline closed Regular
Commodities
Corn closed closed
Soybeans closed closed
Wheat closed closed
Sugar closed Late open - 11:30
Cotton No.2 closed Closed
Metals
Gold closed Regular
Silver closed Regular
Copper closed Regular
Palladium closed Regular
Platinum closed Regular
Bonds US
Bonds closed Regular
Equities
Equities Germany closed closed
Equities UK closed closed
Equities French closed closed
Equities Spain closed closed
Equities Italy closed closed
Equities US closed Regular

Please note: all times indicated are GMT.

Please note: In case of low liquidity in a specific FX or metals instrument, the DR may widen the spreads and even close the instrument for trading – every change of that character will be notified ahead by the DR.

The above times may be subject to change.

84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.