Logo-color Logo-white

The US dollar strengthened following Trump’s victory, pushing the GBPUSD currency pair down to 1.2487, its lowest level in six months, before closing at 1.2528. The pound has dropped 2.86% this month and 1.59% since the start of 2024, with its performance under pressure due to the more robust US economy. In contrast, the UK […]

The post GBPUSD: Weekly Market Review appeared first on Action Forex.

previous

Sunset Market Commentary

next

EURGBP Wave Analysis

Read More

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 […]
29/05/2024

GBP/JPY at Highest Level in Over 15 Years

As shown by today’s GBP/JPY chart, the exchange rate has not only surpassed the psychological level of 200 yen per pound but has also exceeded the peak of 29 April 2024. The market is now experiencing prices last seen in 2008. The main driver of the pound’s strength against the yen is the difference in […]
26/08/2024

For Now, We Don’t Fight the Broader USD Downtrend

Markets At its keynote Jackson Hole speech on Friday, Fed Chair Powell explicitly reconfirmed the change in the Fed’s assessment on the balance between fighting inflation and preserving maximum employment it already signaled at the July policy meeting. ‘The upside risks to inflation have diminished. And the downside risks to employment have increased.’ The Fed’s […]