CFDer er komplekse finansielle instrumenter og investeringer i disse innebærer høy risiko for å tape penger raskt, grunnet gearing. 72% av ikke-profesjonelle kunder taper penger når de handler i slike produkter med denne tilbyderen. Du bør vurdere om du forstår hvordan CFDer fungerer og om du har råd til å ta den høye risikoen for å tape pengene dine.

Featured Chart Week of September 11: EURGBP turns downward ahead of key Brexit vote and Bank of England meeting

Through most of the spring and summer, the Euro outperformed Sterling in the wake of the UK election and the start of Brexit talks. It increasingly looks, however, like the tide has turned for the Channel Cross with Sterling regaining strength. With the UK House of Commons set to vote on the big EU Repeal bill, the Bank of England meeting later in the week and significant UK economic announcements in between, this pair could be active through the week.



Between April and August, EURGBP trended consistently upward, advancing from near 0.8300 toward 0.9300. By late August, the pair had become extremely overbought on the RSI, so the ensuing correction does not come as a total surprise.

In late August, a bearish Evening Star candle pattern formed over three days, marking a transition in control for Euro bulls to Sterling bulls. A shooting star doji candle and a failed breakout over 0.9265 signalled a buying climax at the peak.

Since then, the pair has rolled over and started to trend back downward, with resistance falling toward 0.9200 then 0.9115.

The pair has dropped to test 0.9070 a common 23% Fibonacci retracement of its previous uptrend. The RSI has broken under 50 to confirm the downturn in momentum. Next potential support may appear at the 50-day average near 0.9020 then the 0.9000 round number.



Sterling’s swings up and down continue to be driven by Brexit sentiment for the most part. GBP retreated in the month’s following the Conservatives’ electoral setback, but has rebounded as EU negotiators have started to complain about the UK’s negotiating stances. In other words, because the UK is standing up for itself and its interest, not rolling over like the overconfident EU thought it would.

This week, the UK House of Commons is expected to vote on the EU repeal bill which would enable the UK to start dismantling EU laws and regulations. Recent gains in Sterling suggest traders expect the bill to pass.

Midweek UK news includes inflation and employment figures that could indicate how much pressure, if any, Bank of England Governor Carney may be under to start cutting back on stimulus. The pendulum has been swinging back with the US and Canada each raising rates twice this year and the ECB preparing to talk tapering this fall.

On Wednesday, ECB President Juncker is expected to speak on the State of the EU, which could have an impact on the Euro side of this pair, particularly if he takes up the whining over the state of negotiations.


CMC Markets is an execution only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

CMC Markets Canada Inc. is a member of the Investment Industry Regulatory Organization of Canada and Member-Canadian Investor Protection Fund / Membre-Fonds canadien de protection des épargnants. CFDs are distributed in Canada by CMC Markets Canada Inc. dealer and agent of CMC Markets UK plc. Trading CFDs and FX involves a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts. CMC Markets is an execution only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities.

CFD and FX trading with CMC Markets is only available in jurisdictions in which CMC is registered or exempt from registration, and in Alberta is available to Accredited Investors only. CMC Markets neither solicits nor accepts business or accounts from residents of the United States of America.



CMC Markets er en ‘execution-only service’ leverandør. Dette materialet (uansett om det uttaler seg om meninger eller ikke) er kun til generell informasjon, og tar ikke hensyn til dine personlige forhold eller mål. Ingenting i dette materialet er (eller bør anses å være) økonomiske, investeringer eller andre råd som avhengighet bør plasseres på. Ingen mening gitt i materialet utgjør en anbefaling fra CMC Markets eller forfatteren om at en bestemt investering, sikkerhet, transaksjon eller investeringsstrategi. Denne informasjonen er ikke utarbeidet i samsvar med regelverket for investeringsanalyser. Selv om vi ikke uttrykkelig er forhindret fra å opptre før vi har gitt dette innholdet, prøver vi ikke å dra nytte av det før det blir formidlet.

Før du går..

Prøv CFD-handel med en kostnadsfri demokonto. Få tilgang til vår innovative handelsplattform og test strategien din med 100 000 fiktive kroner.