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UK labour market data was released today. According to Dow Jones Newswires: → Employment growth exceeded expectations, and unemployment benefit claims came in lower than forecast. ING analysts believe this supports the view that the Bank of England will cut interest rates more cautiously compared to the Federal Reserve. → Capital Economics analysts also suggest […]

The post Analysis of GBP/USD Today: Bulls Face Challenges appeared first on Action Forex.

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19/09/2024

Brent Crude Oil Rebounds Amid Monetary Easing and Market Dynamics

Brent crude oil has regained its upward momentum, climbing towards 73.63 USD, following a recent decline triggered by comments from US Federal Reserve Chairman Jerome Powell. In his statement, Powell indicated that the Fed would be cautious about further easing monetary conditions, emphasizing that the rate cut schedule should not be seen as a definitive […]
18/01/2024

US Dollar Index Battles With SMAs Near 103.00

US dollar index fails to extend upside move from 100.27 200-day SMA acts as important resistance RSI weakens above 50 The US dollar index is currently struggling to surpass the significant 200-day simple moving average (SMA), which stands near the 103.20 barrier. The market is moving back and forth of the 50- and the 200-day […]
16/04/2024

S&P 500 Wave Analysis

S&P 500 falling inside sharp c-wave Likely to fall to support level 5000.00 S&P 500 index continues to fall inside the sharp c-wave of the minor ABC correction ii from the end of last month. The price earlier broke the support levels 5100.00 and 5140.00, which strengthened the bearish pressure on these index . Given […]