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In focus today Christmas week is rather light in terms of data releases. Today, we get the latest signals from the German economy in the form of the Ifo index. Consensus is looking for a slight improvement in business climate in December but risks remain to the downside particularly as the flash PMIs confirmed on […]

The post Last Lap to Christmas appeared first on Action Forex.

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16/01/2024

British Pound Slips as Wage Growth Slides

UK wages ease to 6.5% GBP/USD falls UK to release inflation on Wednesday The British pound is sharply lower on Tuesday after a solid UK employment report. In the European session, GBP/USD is trading at 1.2641, down 0.68%. UK wage growth falls sharply The UK employment report indicated that the labour market remains solid while […]
22/08/2024

GBPUSD Wave Analysis

GBPUSD broke key resistance level 1.3040 Likely to reach resistance level 1.3040 GBPUSD currency pair recently broke above the key resistance level 1.3040 (previous monthly high from the middle of July). The breakout of the resistance level 1.3040 accelerated the active short-term impulse wave 3 of the higher order impulse wave (C) from the end […]
19/02/2024

EURUSD Wave Analysis

EURUSD reversed from support level 1.0730 Likely to rise to resistance level 1.0850 EURUSD currency pair recently reversed up from the support level 1.0730 (previous monthly low from December), intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from October. The upward reversal from the support level 1.0730 […]