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UK wage growth expected to drop to 6.8% UK GDP rises 0.3%, but risk of recession remains The British pound has started the week with slight losses. In the European session, GBP/USD is trading at 1.2725, down 0.21%. Wage growth expected to continue falling The UK will release employment data on Tuesday and the spotlight […]

The post GBP/USD Eyes UK Wage Growth appeared first on Action Forex.

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Euro Drifting Ahead of German CPI

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29/08/2024

Dollar for Now Fails to Build on Yesterday’s Rebound

Markets More technical, order driving trading for global markets yesterday. An almost empty eco calendar left investors counting down to upcoming data (EMU CPIs today and tomorrow, US PCE deflators on Friday, key early month data next week) and prevented clear directional moves. A $70 bln US Treasury auction was OK, but hardly left any […]
04/04/2024

Relatively Calm Bitcoin

Market picture The crypto market rolled back another 0.9% in 24 hours to a capitalisation of $2.48 trillion – the lowest in a week and a half. Bitcoin reversed by the same amplitude, while there was no uniformity in dynamics among the top coins. Ethereum was unchanged for the day, remaining at $3300, Solana lost […]
14/12/2023

Sunset Market Commentary

Markets No surprise from the ECB today as the central bank kept its deposit rate unchanged at 4%. While inflation has dropped in recent months, it is likely to pick up again temporarily in the near term. New staff projections show downward revisions to inflation forecasts this (5.4% from 5.6%) and next (2.7% from 3.2%) […]