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Currently trading at around ~1.34650, GBP/USD trades 0.32% lower in today’s session. Easing from multi-year highs made last week, cable continues to benefit from robust economic data and underlying dollar weakness. GBP/USD: Key takeaways from today’s trading Seeing convincing buying pressure in Friday’s session, GBP/USD recently rallied to highs of 1.35934, a level last seen […]

The post GBP/USD Forecast: Sterling Retraces from 3-Year Highs Versus Dollar appeared first on Action Forex.

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14/01/2025

AUD/USD Stabilizes After Post-NFP Slide

The Australian dollar has started the week quietly. In the North American session, AUD/USD is trading at 0.6151, up 0.07% at the time of writing. Earlier, the Australian dollar fell as low as 0.6130, its lowest level since April 2020. It was another rough week for the Australian dollar, which declined 1.7% last week. The […]
03/03/2025

Risks to Eco Data Asymmetric With Negative Outcomes Likely to Trigger More Pronounced Moves

Markets Event risk looms large this week as narratives unfold at similar levels. We therefore continue to err on the side of caution, favoring traditional haven assets. First, there’s the US growth story. Markets turned more sensitive to risks of a US growth slowdown or even recession as US President Trump’s policy mix (going from […]
01/12/2023

Is Bitcoin Set to Drop?

Bitcoin’s price remains stagnant despite the Fed’s slightly less hawkish tone. In contrast, Bitcoin has outperformed other assets, doubling in price from $16K to nearly $38K this year. Improved fundamentals, including the resolution of Binance concerns and FTX’s token performance, boost sentiment. Traders are eagerly awaiting the approval of BlackRock’s ETF, a potential catalyst for […]