Logo-color Logo-white

GBPUSD moves sharply down on the first trading day of April 2024 neutral trajectory valid above 1.2500 GBPUSD plummeted to a six-week low of 1.2538 as investors returned from the Easter holiday break, re-establishing the downward pattern from the March high. Given the price’s position at the bottom of the 2024 range and around the […]

The post GBPUSD Starts April With a Drop appeared first on Action Forex.

previous

GBPUSD May See Support Soon From Inflection Area

next

Oil Clears Way for Growth Above $90

Read More

10/01/2024

Nikkei 225: Major Bullish Breakout from 7-month Range With Further Potential Upside in Store

Nikkei 225 rallied to a 34-year high & outperformed the major US benchmark US stock indices year-to-date. Domestic demand-oriented sectors are the outperformers in the current bullish movement seen in the Japanese stock market. The USD/JPY is now having a negative correlation with the Nikkei 225. The sustainability of the current bullish tone seen in […]
29/04/2024

Is There Anyone Out There?

Just one week after posting its worst weekly loss over a year, and after a week of unfavourable economic data for both the US economic outlook and Federal Reserve (Fed) expectations, we saw the S&P500 record its best performance since October 2023. Yes, the S&P500 gained nearly 3% last week, while Nasdaq 100 gained more […]
16/12/2023

Canadian CPI to Edge Back Below 3% in November

We expect Canadian inflation pressures to have moderated more in November. Headline inflation is expected to have dropped to 2.9% from 3.1% in October reflecting a pullback in retail gasoline prices and further easing in food price growth. That would mark the second time since March 2021 that the reading dips back within Bank of […]