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It’s Thursday, and so far this week, US debt concerns have overshadowed Middle East optimism, trade tensions, and even a fresh all-time high for Bitcoin. The turning point was last Friday’s credit outlook downgrade by Moody’s, which was quickly followed by a political debate around tax cuts—targeting social spending that supports the poorest, to give […]

The post US Debt Worries Eclipse All Else appeared first on Action Forex.

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01/03/2024

Will GBPJPY Rebound Again?

GBPJPY breaks below key support area after new high Technical signs weaken, but 20-day EMA comes to the rescue again GBPJPY extended its pullback from an eight-and-a-half-year high of 191.30 for the third consecutive day on Thursday to find support around the 20-day exponential moving average (EMA) at 189.50. The line had protected the market […]
16/11/2024

Markets Weekly Outlook – PMI Data, UK Inflation and the Soft Landing Conundrum

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08/12/2023

AUDUSD Ends Another Year With Negative Mode

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