Logo-color Logo-white

Cable surged through psychological 1.30 barrier and hit its highest in one year on Wednesday, after hotter than expected UK June inflation data tempered expectations for first BoE rate cut in next month policy meeting. Fresh strength after a two-day pause for consolidation signals continuation of broader uptrend however, close above 1.30 level is required […]

The post GBP/USD Outlook: Cable Rises Above 1.3000 and Hits New 2024 High appeared first on Action Forex.

previous

Crypto Market Reversal Saves XRP & Litecoin from Collapse

next

EUR/CHF Technical: Euro Underperformance Over Swiss Franc May Have Resumed

Read More

09/03/2024

Will US CPI Data Come to Dollar’s Rescue?

Weak ISM PMIs and dovish Powell hurt the dollar Investors add to their June rate cut bets US CPI data the next test for the greenback The data is scheduled for Tuesday at 12:30 GMT After Powell’s testimony, investors see June cut a done deal There has been a notable repricing in market expectations with […]
20/05/2024

Bitcoin Cautious Despite Global Rise in Risk Appetite

Market picture Crypto market capitalisation rose 5.2% over the past seven days to $2.41 trillion. Over the weekend, it reached $2.44 trillion, its highest level in nearly four weeks. Bitcoin is treading near local highs, remaining just below $67K. That’s a gain of 8.4% in seven days and a retest of the previous peak area […]
16/07/2024

Natural Gas Wave Analysis

Natural gas broke key support level 2.200 Likely to fall to support level 2.00 Natural gas recently broke the key support level 2.200, intersecting with the 61.8% Fibonacci correction of the sharp upward impulse from February. The breakout of the support level 2.200 accelerated the active impulse wave 3 of the sharp downward impulse wave […]