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The sterling slumped against the US dollar, losing as much as 1.2% intraday and erasing all gains from Fed Chair Powell’s dovish Jackson Hole speech on 22 August 2025. Based on a one-day rolling performance basis as of Tuesday, 2 September, the sterling is the weakest major currency against the greenback, where the USD/GBP gained […]

The post GBP/USD Technical: Sterling Torpedoed by Spike in 30-Year Gilt Yield, Watch 1.3315/3280 Key Support appeared first on Action Forex.

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18/02/2025

AUD/USD Trades Near Year’s High After RBA Decision

Today, the Reserve Bank of Australia (RBA) eased monetary policy, cutting the interest rate from 4.35% to 4.10%, according to Forex Factory. As reported by Reuters: → This marks the first easing since the 2020 pandemic; → RBA Governor Michele Bullock stated that market expectations for two more cuts this year are “ambitious”; → The […]
02/05/2025

US: Employment Rises by 177k in April as the Economy Braces for Impact

The U.S. economy added 177k jobs in April, slightly above the consensus forecast of 135k. Revisions for the prior two months subtracted a total of 58k jobs. Smoothing through the volatility, non-farm payrolls averaged 155k over the last three-months. Private payrolls rose 167k – nearly matching March’s 170k – with the largest gains seen in […]
30/10/2024

Bitcoin’s Rush to The Top

Market Picture Bitcoin came within a hair’s breadth of an all-time high on Tuesday night, but the overall crypto market is well off its peak. Total cryptocurrency capitalisation at the overnight peak was $2.46 trillion, down $2.48 trillion from the July peak, almost 12% below the March high of $2.77 trillion and around $400 billion […]