(VIANEWS) - GBP/EUR (GBPEUR) has been up by 2.09% for the last 21 sessions. At 07:10 EST on Wednesday, 14 August, GBP/EUR (GBPEUR) is $1.17.
GBP/EUR's yearly highs and lows, it's 2.148% up from its 52-week low and 2.306% down from its 52-week high.
Volatility
GBP/EUR's last week, last month's, and last quarter's current intraday variation average was a positive 0.15%, a negative 0.07%, and a positive 0.17%, respectively.
GBP/EUR's highest amplitude of average volatility was 0.18% (last week), 0.22% (last month), and 0.17% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, GBP/EUR's Forex is considered to be oversold (<=20).
News about
- Usd/jpy trims part of modest gains amid geopolitical risks, up a little around 146.75-80 area. According to FXStreet on Monday, 12 August, "Apart from this, a generally positive tone around the equity markets dents the JPY's relative safe-haven status, which, along with a modest US Dollar (USD) uptick, contributes to the bid tone surrounding the USD/JPY pair. ", "This, in turn, contributes to keeping a lid on the USD/JPY pair amid relatively thin liquidity on the back of a holiday in Japan and absent relevant market-moving economic data."
- According to FXStreet on Monday, 12 August, "This means that while it was possible to earn almost 5% p.a. on a USD/JPY carry trade, the market expected the spot rate to fluctuate by an average of 9% over the course of the next 12 months.", "The fact that exchange rate movements appear excessive to the layperson, that it may seem implausible, for example, that a 25 basis point increase in JPY interest rates justifies a USD/JPY slide by more than 10 big figures, is of course due to a dynamic that is quite well understood by economists. "
- Usd/jpy price forecast: rises, yet struggles at 148.00. According to FXStreet on Monday, 12 August, "The Japanese Yen fails to gain traction late in the North American session versus the Greenback as the USD/JPY rises from last Friday's daily low of 146.62 and trades at 147.28, up by 0.47%.", "The USD/JPY is downward biased despite the uptick that saw the pair clear the 148.00 figure and hit a six-day high at 148.22 before reversing its course and tumbling below the Tenkan-Sen at 147.79."
- Usd/jpy: taking a breather? – rabobank. According to FXStreet on Tuesday, 13 August, "In our view this will likely start with a recovery in the value of the USD over the coming days, though we expect that USD/JPY can still trend lower on a 3-to-6-month view'."
- According to FXStreet on Tuesday, 13 August, "The USD/JPY pair receives support as the pressure on the US Dollar eases due to decreased expectations for a 50 basis point interest rate cut by the US Federal Reserve (Fed) in September. ", "On the upside, the USD/JPY pair could test the immediate barrier at the nine-day EMA around the 147.72 level. "
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