Logo-color Logo-white

The British pound is almost unchanged on Monday. GBP/USD is trading at 1.2704 in the European session at the time of writing. The pound is coming off a strong week, with gains of 1.4%. GBP/USD touched a high last week of 1.2711, its highest point since March 21. The markets are keeping a close eye […]

The post Pound Shrugs After BoE’s Broadbent Signals Rate cut appeared first on Action Forex.

previous

Will UK Inflation Corroborate a June BoE Rate Cut?

next

Oil Shows Weakness

Read More

26/04/2024

US Yields Reached New YTD Highs Across the Curve

Markets US yields reached new YTD highs across the curve following Q1 US GDP data. The 1.6% Q/Qa headline print missed consensus by quite a margin (2.5% Q/Qa), but details showed underlying strength in consumption and investments. The biggest drag came from net exports with imports rising faster than exports, which we consider a sign […]
21/12/2023

Nasdaq 100 Technical: Potential Start of Minor Corrective Decline

Bearish reversal candlestick formed yesterday, its steepest daily loss since 27 October 2023. Odds now have skewed towards a potential minor corrective decline sequence within a medium-term uptrend phase. Watch the 16,800 key short-term resistance. The price actions of the US Nas 100 Index (a proxy for the Nasdaq 100 futures) have continued to rally […]
15/06/2024

Housing and Retail Sales Data to Show Canadians Continue to Hold Back

Economic data in the week ahead should show further softening in Canadian (per-person) household spending before the Bank of Canada pivoted to lower interest rates in June. Early reports from regional real estate boards suggested housing markets were in a holding pattern in May. Home resales edged lower in most regions including Toronto, Vancouver, and […]