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Key Highlights GBP/USD failed to clear the 1.2700 resistance zone. It traded below a key bullish trend line with support at 1.2650 on the 4-hour chart. EUR/USD is consolidating above the 1.0780 support. Bitcoin rallied over 10% and cleared the $60,000 resistance. GBP/USD Technical Analysis The British Pound started a decent increase from the 1.2535 […]

The post GBP/USD Signals Rejection, Bitcoin Extends Rally Above $60K appeared first on Action Forex.

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15/06/2024

Housing and Retail Sales Data to Show Canadians Continue to Hold Back

Economic data in the week ahead should show further softening in Canadian (per-person) household spending before the Bank of Canada pivoted to lower interest rates in June. Early reports from regional real estate boards suggested housing markets were in a holding pattern in May. Home resales edged lower in most regions including Toronto, Vancouver, and […]
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USD/JPY Steady After Fed Minutes

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