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UK GDP rebounds to 0.3%, but economy remains weak US inflation hotter than expected at 3.4% The British pound is showing limited movement on Friday. In the European session, GBP/USD is trading at 1.2769, up 0.05%. UK GDP bounces back in November The British economy grew in November by 0.3% m/m, rebounding from a 0.3% […]

The post GBP/USD Yawns After Strong UK GDP appeared first on Action Forex.

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20/03/2024

Gold in a Descending Correction Mode

Gold creates bearish triangle after bullish rally MACD and RSI look weak Gold prices have been developing within a descending triangle in the 4-hour chart, after the rally towards the new all-time high of 2,195 on March 8. The price is posting a bearish correction with the technical oscillators indicating weak momentum. The MACD is moving horizontally beneath […]
17/09/2024

Soft-Landing, or No Soft-Landing, That Is the Question: Part IV

Part IV: A New Framework to Predict Probability of Monetary Policy Pivots Summary The fourth installment of this series develops a new framework to quantify episodes of monetary policy pivots. We also present a probit regression to predict the probability of a policy pivot during the next two quarters. In our view, accurately predicting periods […]
23/04/2024

Is Gold Ready for Bearish Correction?

Gold dives towards 2,300 MACD and RSI decline from overbought regions Gold prices have been underperforming in the past two days, breaking back below the 2,320 and the 20-day simple moving average (SMA). Momentum indicators are pointing to a negative bias in the short term with the RSI ticking strongly to the downside. The MACD […]