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The British pound has edged lower on Friday. In the European session, GBP/USD is trading at 1.2594, down 0.47%. The pound is down 1.1% this week and fell to 1.2489 earlier today, its lowest point since November 23. UK economy ekes out a 0.1% gain It wasn’t a spectacular GDP report but a gain is […]

The post Pound Slips to 4.5-Month Low, UK GDP Ticks Higher appeared first on Action Forex.

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30/08/2024

AUD/USD – Australian Retail Sales Flat, Aussie Shrugs

The Australian dollar continues to have a quiet week. AUD/USD is trading at 0.6804 in the European session, up 0.09% today at the time of writing. Australian retail sales stagnate Consumer spending in Australia has been weak, which has chilled economic activity. Retail sales for July didn’t provide any relief with a reading of zero, […]
08/01/2024

USD/JPY Edges Lower Ahead of Tokyo Core CPI

US nonfarm payrolls rise more than expected to 216,000 Tokyo Core CPI expected to ease to 2.1% The Japanese yen has started the week with slight gains and is trading at 144.39 in the European session, up 0.16%. It was a rough week for the yen, which declined 2.5% against the US dollar, which has […]
09/07/2024

Nasdaq 100 Index Wave Analysis

Nasdaq 100 rising inside impulse wave 3 Likely to test resistance level 20775.00 Nasdaq 100 index continues to rise inside the accelerated impulse wave 3, which previously broke the round resistance level 200000.00 (which stopped the previous waves (i) and i). The active impulse wave 3 belongs to the higher order upward impulse wave (3) […]