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The British pound is under pressure due to Donald Trump’s potential tariff policies, causing volatility in GBP/USD and global markets. GBP/USD is approaching its 2024 yearly low, with potential for further downside if Trump’s tariff rhetoric continues and the US dollar strengthens. GBP/JPY’s price action is uncertain due to conflicting signals from the Bank of […]

The post GBP Price Action: GBP/USD, GBP/JPY and GBP/AUD Analyzed appeared first on Action Forex.

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15/08/2024

Australian Dollar Rises on Strong Job Growth

The Australian dollar is in positive territory on Thursday. AUD/USD is trading at 0.6607 in the European session, up 0.16% on the day at the time of writing. Earlier, the Aussie rose as high as 0.6633 (0.48%) before retracting. Australian job growth jumps but unemployment rises The Australian employment report for July was an interesting […]
18/11/2024

Let’s Take a Break from Politics

US Retail Sales and the inflation data came in higher than expected last week, and the Federal Reserve (Fed) Chair Jerome Powell said that the US economy is strong enough and that there is no urge for rushing to rate cuts. The US 2-year yield consolidated between the 4.30 and 4.40% level, the 10-year yield […]
19/12/2024

NZD/USD at a New Low: Problem is US Dollar and Local GDP

NZD/USD has dropped to its lowest level since October 2022, trading around 0.5620. The currency pair is under pressure from two major factors: the strengthening US dollar and New Zealand’s weak domestic economic data. The primary driver of the decline in NZD/USD is the robust performance of the US dollar. Following the Federal Reserve’s December […]