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The British pound is showing limited movement on Wednesday. In the European session, GBP/USD is currently trading at 1.2224, up 0.11%. UK inflation softer than expected The UK’s annual inflation rate eased slightly in December 2024, dropping to 2.5% from 2.6% in November. This was also lower than the market estimate of 2.6%, although it […]

The post UK Inflation Lower Than Expected, Sterling Shrugs appeared first on Action Forex.

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14/12/2024

Markets Weekly Outlook – Will Fed Rate Cut and BoJ Decision Spur Volatility?

Markets had a volatile week, with US 100 (Nasdaq 100) reaching new highs and a strong likelihood of a Fed rate cut next week. Major central bank meetings dominate the week ahead. The BoJ faces a tough decision on whether to raise interest rates, with recent data supporting a hike. The US Dollar Index (DXY) […]
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Gold Wave Analysis

Gold broke support area Likely to fall to support level 2600.00 Gold recently broke the support area located at the intersection of the support level 2680.00 (former monthly high from September), support trendline of the daily up channel from September and the 61.8% Fibonacci correction of the upward impulse 1 from the start of October. […]
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Historic French Vote Could Propel Le Pen to Power

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