Logo-color Logo-white

The British pound has extended its gains on Friday. In the European session, GBP/USD is trading at 1.3046, up 0.27% on the day. UK retail sales stronger than expected UK retail sales are moving in the right direction. Retail sales increased for a third straight month in September, rising 0.3% m/m. That was lower than […]

The post Pound Rises on Strong UK Retail Sales appeared first on Action Forex.

previous

USDCHF Overcomes Medium-Term Uptrend Line

next

Ethereum Fails to Record a Higher High

Read More

27/06/2024

BTCUSD Bounces Off 1-Month Low

BTCUSD drops to its lowest level since May 2 Despite initial rebound, price remains under selling pressure Momentum indicators hover near oversold territory BTCUSD (Bitcoin) has been experiencing a vast selloff since the beginning of June, temporarily breaking below the 60,000 psychological mark. Although the price managed to halt its retreat just shy of the 200-day simple […]
29/08/2024

EUR/USD – ECB Keeping Close Tabs on German, Eurozone CPI

The euro has extended its decline on Thursday. In the European session, EUR/USD is trading at 1.1095 at the time of writing, down 0.22% on the day. The US dollar has rebounded against the euro this week, climbing 0.89%. German and eurozone inflation expected to ease in August Inflation is expected to ease in Germany […]
21/10/2024

USD/JPY Technical: Potential Bearish Reversal in US Dollar Strength Below 200-day Moving Average

USD/JPY has rallied by 7.7% from the 16 September 2024 low with three key risk events/data for this week (Japan’s flash PMI, Tokyo CPI & general election). The recent 4-week rally in the USD/JPY has displayed exhaustion conditions. Watch the 148.95 key intermediate support. Since our last publication, the price movements of USD/JPY have extended its […]