GBP/USD is consolidating around 1.2447 on Wednesday as traders hold back, awaiting key UK economic data releases later this week. Key factors influencing GBP/USD Earlier this week, the British pound faced pressure after Bank of England (BoE) policymaker Catherine Mann shifted to a more dovish stance. She stated that weak domestic demand reduces inflation risks, […]
Stronger-than-expected US economic data (JOLTs job openings and ISM Services Index) weigh on US Indices. Markets exhibited sensitivity to monetary policy expectations and potential volatility, with sector performance varying. Technical analysis of the S&P 500 suggests a range-bound market with key support and resistance levels identified. Upcoming non-farm payrolls and Fed meeting minutes releases are […]
The post SPX & Nasdaq 100 React to Strong US Data: Rate Cut Outlook Shifts appeared first on Action Forex.
Share
