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The British pound is steady on Tuesday after starting the week with losses. In the European session, GBP/USD is trading at 1.2563, up 0.09%. On Monday, the pound fell 0.57% and dropped as low as 1.2539, its lowest level since February 14. UK shop inflation eases to 1.3% Inflation in UK stores fell to 1.3% […]

The post Pound Stabilizes as Shop Inflation Drops appeared first on Action Forex.

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Dollar Strengthens Following Positive Manufacturing Data

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07/02/2024

Is German Industry Ready for Revival?

Industrial orders rose 8.9% in December against expectations for a 0.1% decline, a rare positive for Germany that the euro chose to ignore. This is the most robust monthly increase since mid-2020’s lockdowns. In the same month last year, the increase was 2.7%. A positive year-over-year rate has been a rarity over the past two […]
27/03/2024

Australian Dollar Slides to Three-Week Low

The AUD/USD pair is declining, reaching 0.6539 on Wednesday. The Australian dollar is heading back to a three-week low following the release of softer-than-expected consumer price index (CPI) data from Australia. For February 2024, inflation in Australia stood at 3.4%, unchanged from the previous report, in contrast to the anticipated slight increase to 3.5%. This […]
24/06/2024

EUR/USD Remains At The Edge, Can It Recover?

Key Highlights EUR/USD failed to surpass 1.0765 and declined once again. A major bearish trend line is forming with resistance at 1.0710 on the 4-hour chart. GBP/USD declined heavily and traded below the 1.2680 support. Bitcoin price extended losses and traded below the $64,200 support. EUR/USD Technical Analysis The Euro failed to recover above the […]