Logo-color Logo-white

The UK is continuing to make progress toward being able to cut interest rates but as has been the case throughout the last couple of years, the process is far from straightforward. The good news is that wage growth is slowing at a good pace after peaking last summer and near-term trends are very promising. […]

The post A Step in the Right Direction for the UK But BoE Will Remain Cautious appeared first on Action Forex.

previous

Are EURCHF Bulls Ready for a Breakout?

next

EURJPY Price Action and Technical Analysis Overview

Read More

12/01/2024

USD/JPY Regains Strength, US CPI Increased 3.4%

Key Highlights USD/JPY started a fresh increase above the 145.00 resistance. A key bullish trend line is forming with support at 145.35 on the 4-hour chart Gold prices failed to clear the $2,050 resistance and declined again. The US CPI increased 3.4% in Dec 2023 (YoY), whereas the market forecast was 3.2%. USD/JPY Technical Analysis […]
03/10/2024

Crypto Market Still Falling, But Bitcoin Already Stabilised

Market picture The crypto market lost another 1.44% of its capitalisation in 24 hours to $2.13 trillion. The pressure is due to the ongoing wave of dollar gains and declines in risk assets due to the medium-term impact of the Middle East conflict and short-term profit-taking ahead of the US jobs report. The Sentiment Index […]
30/10/2024

GBP/USD Recovers While EUR/GBP Struggles

GBP/USD is attempting a recovery wave above the 1.2950 resistance. EUR/GBP declined steadily below the 0.8330 and 0.8325 support levels. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a fresh increase above 1.2950. There is a key rising channel forming with support near 1.2980 on the hourly chart of GBP/USD […]