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UK labour market in the spotlight as wage pressures remain elevated GDP data to also be watched as UK in technical recession Pound starts March on firmer footing, will the data support further gains? Employment report is due Tuesday and GDP figures on Wednesday at 07:00 GMT Stagnation vs recession The British economy along with […]

The post Pound Eyes UK Jobs and GDP Data Eyed After Underwhelming Budget appeared first on Action Forex.

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15/02/2024

USD/JPY: Correction Likely to be Limited

USDJPY extends pullback from the three-month high (150.88) into second straight day, as traders booked profits after Tuesday’s rally of nearly 1%. Overbought daily studies contributed to fresh selling, which is expected to push the price lower and offer better levels for new entries into broader bullish market. Correction is likely to be limited as […]
25/04/2024

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Markets Asian markets mostly started the day in risk-off modus after a disappointing outlook from tech bellwether Meta at its earnings report yesterday after the close of US markets. This also spilled over to European equities this morning. The risk-off again didn’t trigger any real safe haven bid for core bond markets. Declines in EMU […]
17/04/2024

Crude Oil Price Consolidate Gains Above Key Support

Key Highlights Crude oil started a downside correction from the $87.70 level. A connecting trend line is forming with support at $84.00 on the 4-hour chart. Gold prices might aim for a fresh increase above the $2,400 resistance zone. Bitcoin price consolidated below the $65,000 resistance zone. Crude Oil Price Technical Analysis After a steady […]