The ATR indicator on the S&P 500’s 4-hour chart (US SPX 500 mini on FXOpen) currently shows a reduction in price volatility. This drop in volatility can likely be attributed to: → The market having fully absorbed the impact of Trump’s recent presidential win; → No unexpected news from yesterday’s CPI report, which matched analysts’ […]
UK retail sales jump 1.3%, GDP contracts by 0.1% US to release PCE Price Index on Friday The British pound is drifting on Friday. In the European session, GBP/USD is trading at 1.2701, up 0.08%. UK retail sales rebound but GDP contracts UK retail sales jumped 1.3% in November m/m, bouncing back from 0% in […]
The post GBP/USD Shrugs After Mixed UK Data appeared first on Action Forex.
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