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Cable remains in red for the third straight day with fresh weakness on Tuesday, pointing to negative signals developing on daily chart. Friday’s false break above daily cloud, left Doji candle with longer upper shadow and subsequent drop returned below cloud base, adding to negative signals. Fresh bears need repeated close below the cloud base […]

The post GBPUSD – Biased Lower While Below Thickening Daily Cloud appeared first on Action Forex.

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Canada: Inflation Ticks Higher, Surpassing Expectations, as Underlying Inflation Fails to Moderate

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27/05/2025

Yen Sides as BOJ Core Inflation Higher than Expected, US Durable Goods Expected to Plunge

The Japanese yen is down for a second straight day. In the European session, USD/JPY is trading at 144.14, up 0.91% on the day. BoJ core CPI beats forecast, hits 2.4% BoJ core CPI rose to 2.4% in April, after three straight readings of 2.2% and above the market estimate of 2.3%. This was the […]
04/07/2024

Bitcoin More Likely to Fall to $51.5K Than Rise to $65.8K

Market picture The crypto market plunged 3.6% in 24 hours to $2.17 trillion, its lowest level since late February. Triggered stop orders in this morning’s thinly liquid market added to the magnitude of the decline, sending Bitcoin briefly below $57.7K and Ethereum to $3150. Top altcoins are losing in a range from -0.7% (Tron) to […]
13/08/2024

Brent Crude Oil Analysis

Brent crude oil reversed from support zone Likely to rise to resistance levels 81.60 and 84.00 Brent crude oil recently reversed up from the support zone set between the strong support level 77,00 (which has been reversing the price from January) and the lower daily Bollinger Band. The upward reversal from this support area created […]