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The British pound has edged higher on Tuesday. In the European session, GBP/USD is trading at 1.3218, up 0.34% on the day. UK employment, wages cool Uncertainty over the global economy, particularly US tariff policy, weighed on the UK employment report. The economy added 112 thousand jobs in the three months ending in March, down […]

The post UK Labor Market Cools, US CPI Next, Pound Steady appeared first on Action Forex.

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16/03/2024

Weekly Economic & Financial Commentary: FOMC Likely on Hold Until Summer

Summary United States: The Equinox and the Struggle to Find Balance Spring is a time for new beginnings, and we see fresh possibility in some of this week’s less-than-stellar data. It may eventually help bring the needed balance into place to get inflation closer to the FOMC’s target. Next week: Housing Starts (Tue.), Existing Home […]
05/07/2024

Pound About to Change Its Course

2024 has every chance of being the biggest election year, with well over half of the world’s population going to the polls. The next chapter in this saga is today, with the announcement of the results of the UK general elections. The results were generally in line with expectations without causing significant market volatility on […]
21/05/2024

Natural Gas Wave Analysis

Natural gas rising inside impulse waves 3 and (1) Likely to reach resistance level 3.000 Natural gas continues to rise sharply after recently breaking the resistance level 2.600 intersecting with the 50% Fibonacci correction of the downtrend from last October. The breakout of these resistance levels accelerated the active impulse waves 3 and (1). Given […]