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Key Highlights GBP/USD started a fresh increase above the 1.3250 resistance. A key bullish trend line is forming with support at 1.3360 on the 4-hour chart. Gold price could continue to rise toward $2,700 or even $2,750. Bitcoin is consolidating gains above the $62,500 level. GBP/USD Technical Analysis The British Pound formed a base above […]

The post GBP/USD Advances Toward 1.3500: Can Uptrend Continue? appeared first on Action Forex.

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10/07/2024

Weak Inflation in China Clears the Way for Global Easing

China’s consumer inflation slowed from 0.3% y/y to 0.2% instead of the expected acceleration to 0.4%, bringing investors’ attention back to weak demand. Meanwhile, manufacturing price deflation slowed from -1.4% y/y to -0.8% y/y, staying in negative territory for the past 20 months since October 2022. China is once again spreading deflation around the world, […]
27/03/2024

Will EURJPY Re-Test 16-Year High Soon?

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02/11/2024

Weekly Economic & Financial Commentary: What Goes Up, Must Come Down

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