Logo-color Logo-white

Britain continues to be surprised by strong retail sector data. Data on consumer inflation accelerating to an annualised pace of 3.5% was complemented by strong retail sales figures, renewing buying momentum in GBPUSD. For April, sales excluding fuel rose by 1.3%, and by the same month last year, the increase was 5.3%. This is much […]

The post Pound Shines as Strong Data Limits Room for BoE’s Rate Cut appeared first on Action Forex.

previous

Preview of RBNZ: Forward into the Mist

next

RBNZ Decision, Japan CPI, Fed Minutes, and US Core PCE – Markets Weekly Preview

Read More

21/05/2024

Gold Price Reaches Historic High

According to confirmed information, Iranian President Ebrahim Raisi, considered a potential successor to the country’s supreme leader, Ayatollah Ali Khamenei, died in a helicopter crash in a mountainous area near the border with Azerbaijan. The helicopter also carried Foreign Minister Hossein Amir-Abdollahian and other officials, all of whom perished. As news of the helicopter search […]
14/08/2024

Gold Aims for Critical Upside Break, US CPI Next

Key Highlights Gold is attempting a fresh increase above the $2,440 support zone. A major bullish trend line is forming with support at $2,400 on the 4-hour chart. Oil prices extended gains and climbed above the $77.50 resistance. The US Consumer Price Index could increase by 2.9% in July 2024 (YoY), down from +3%. Gold […]
24/01/2025

WTI crude oil Wave Analysis

WTI crude oil reversed from resistance level 78.00 Likely to fall to support level 72.60 WTI crude oil recently reversed down from the major resistance level 78.00 (has been repeatedly reversing the price from July, as can be seen from the daily WTI chart below) The downward reversal from the resistance level 78.00 started the […]