EUR/GBP Fundamental Analysis – August 25, 2015 –Forecast

Analysis and Recommendations:

The EUR/GBP gained 51 points as the euro became the safe haven trader as global markets crashed. The pair moved to 0.7308. More selling is anticipated on Wall Street on Monday, with U.S. stocks called a startling 700 points lower at one point, as Asian stocks crashed to multi-month lows on Monday and the Shanghai Composite closed more than 8.5 percent down.

Safe havens on the other hand, have enjoyed something of a renaissance, with gold rallying over 6 percent in the last two weeks, while U.S. Treasury’s yields slid over 20 basis points to under 2.1 percent.

Among the major currencies, the yen and the Swiss Franc have gained 2.5 percent and 4 percent respectively against the dollar.

Meanwhile, analysts are turning increasingly bullish on the euro.

FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.

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Tuesday, August 25, 2015