EURGBP & EURNZD

by Ashraf Laidi

Nov 11, 2009 16:58

EURGBP rallies on the best of both worlds, propped by broad USD weakness (always a EUR-positive) and dovish comments from the Bank of England. But as USD stabilizes, EUR retreat vs. USD may be less than of GBP as ECB reviews whether it will continue its 12-month tenders in contrast to the BoE decision to expand QE. Improved oscillators in EURGBP and the testing of the 3-month trend line resistance will likely pave the way for an interim target of 0.9070, followed by 0.9150. EURNZD is seen gaining ground ahead of NZ retail sales tonight exp to weaken to 0.4% from 1.1%. And with RBNZ renewing its calls for NZD strength being a hindrance, broad NZD weakness would be among the first developments at the first sign of stocks pullback as Dow fails at the 50% retracement.

More Hot-Charts

• Indices & Gold Update

  Dec 16, 2025 12:16 | by Ashraf Laidi
  سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group...

• Updating post 9th

  Nov 24, 2025 12:02 | by Ashraf Laidi
  سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group - -...

• Indices Support?

  Nov 21, 2025 18:07 | by Ashraf Laidi
  سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest technical parameters to our WhatsApp Bdcst Group...