We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • Heads Up:🇺🇸 USD Baker Hughes U.S. Rig Count (NOV 15) due at 18:00 GMT (15min), Actual: N/A Expected: N/A Previous: 817 https://www.dailyfx.com/economic-calendar#2019-11-15
  • The US Citi Economic Surprise Index drops below zero as economic data comes in under expectations this week $DXY $SPX https://t.co/zA9zAELlN2
  • House Majority Leader Hoyer says there will be no holiday leave until a government funding bill is approved $DXY
  • Australian #Dollar Price Outlook: #Aussie Plunges to Technical Support - $AUDUSD Levels - https://t.co/rLdZHVkDsq https://t.co/Mdv3GUM2MQ
  • #Gold prices continue to trade within the descending channel from the September 4 and November 1 highs. Get your $XAUUSD market update from @CVecchioFX here:https://t.co/2AOAlwveW7 $GLD https://t.co/oLqswZB5Sd
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.92% Silver: -0.18% Gold: -0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/RnOiMfKWGa
  • The $USD edged lower immediately following October US retail sales data which crossed the wires at 0.3% compared to estimates looking for 0.2%. Get your market update from @RichDvorakFX here:https://t.co/lgcorcoa3W https://t.co/06RIJUqFCG
  • Bundesbank's Weidmann: - No economic crisis in Germany - Not against policy that is expansionary, but have to weigh how much is appropriate $EUR
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.33% 🇳🇿NZD: 0.29% 🇪🇺EUR: 0.21% 🇨🇦CAD: 0.13% 🇨🇭CHF: -0.23% 🇯🇵JPY: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/G0RZWXUeXK
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: US 500: 0.57% Wall Street: 0.56% Germany 30: 0.02% France 40: -0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/v43U9d30As
EUR/GBP Short Trade 11.20.2012

EUR/GBP Short Trade 11.20.2012

2012-11-20 14:35:00
David Song, Currency Strategist
Share:

Although the EU meeting takes center stage on Tuesday, we’re looking to maintain the short EURGBP from 0.8050 ahead of the Bank of England (BoE) Minutes as we anticipate the central bank to soften its dovish tone for monetary policy. As the BoE scales back its forecast for undershooting the 2% target for inflation, a growing number of central bank officials may no longer see scope to expand the balance sheet further, and the Monetary Policy Committee may strike a more neutral tone for monetary policy as the U.K. emerges from the double-dip recession. In turn, we will maintain our initial target around the 100-Day SMA (0.7961), but we will tighten our stop (0.8080) to cost once we see the pair make a meaningful move below the 0.8000 figure.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.