Key Highlights GBP/USD struggled near 1.3260 and started a downside correction. It traded below a key bullish trend line with support at 1.3140 on the 4-hour chart. EUR/USD is struggling to start a fresh increase above 1.1100. The UK Claimant count could change by 95.5K in August 2024. GBP/USD Technical Analysis The British Pound faced […]
Summary United States: A Matter of Conditioning and a Matter of Fact This week brought with it a hot print on service-sector prices and a solid job gain for December. When combined with looming tariff-related uncertainly, these developments add more fodder to the case that the Fed will pause interest rate cuts at its upcoming […]
The post Weekly Economic & Financial Commentary: Cutting Rates, but Higher Yields appeared first on Action Forex.
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