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Key Highlights GBP/USD started a fresh increase above the 1.3120 resistance. It cleared the 1.3150 zone and retested the 1.3200 resistance on the 4-hour chart. EUR/USD is consolidating gains above the 1.1280 support zone. Gold prices traded to a new record high above $3,240 and started a consolidation phase. GBP/USD Technical Analysis The British Pound […]

The post British Pound Breakout? GBP/USD Surges as Momentum Builds appeared first on Action Forex.

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03/05/2024

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Summary The employment situation report for April kicked off the second quarter with signs that the labor market is cooling. Nonfarm payrolls increased by 175K in the month, below consensus expectations for a 240K gain, while the unemployment rate rose a tenth to 3.9%. Meantime, average hourly earnings growth slowed and, at just 3.9% year-over-year, […]
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