Logo-color Logo-white

Pound Sterling advances above 1.2800 against the US Dollar on upbeat market sentiment. High inflation and recession fears in the UK may complicate the idea of BoE remaining a laggard in cutting rates. The economic calendar is light due to the festive season. The Pound Sterling (GBP) prints a fresh four-month high as investors hope […]

The post Pound Sterling Rallies on Improved Risk Appetite appeared first on Action Forex.

previous

Rally in Stocks and the Selloff in US Dollar Looks Overstretched

next

AUDUSD Extends Recovery; Crucial Double Top in Sight

Read More

23/08/2024

GBPUSD: Bullish Extension or Deeper Correction? Key Liquidity Zones

Bearish Corrective Scenario: Sell positions below 1.3130 with TP1 at 1.3103. Consider TP2: 1.3090, TP3: 1.3076, and TP4: 1.3057 only after a decisive break. Use a stop-loss (S.L.) above 1.3160 or at least 1% of account equity for intraday trades. Bullish Scenario: Buy positions after a pullback (with prior PAR* formation) above 1.3103 with TP1: […]
23/05/2024

EUR/USD Fell With Noticeable Acceleration After FOMC Minutes

Markets Above-consensus April inflation figures in the UK triggered an obvious underperformance of gilts, resulting in yield gains between 7.2 (30-yr) and 14.2 bps (2-yr). A June rate cut by the BoE is just short of fully priced out. Steep gilt losses dragged core peers lower as well. German yields gapped higher at the open […]
13/09/2024

Silver Wave Analysis

Silver reversed from support zone Likely to rise to the resistance level 30.00 Silver recently reversed up from the support zone set between the key support level 28.00 (which also stopped wave A at the start of September) and the lower daily Bollinger Band. The support level 28.00 was strengthened by the 61.8% Fibonacci correction […]