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GBPUSD fell further on Friday, holding in red for the third consecutive day, driven by stronger dollar and additionally pressured by unexpectedly weak UK Oct GDP numbers. Fresh weakness tested support at 1.2618 (last week’s low / 100WMA) and pressure nearby Fibo support at 1.2610 (61.8% retracement of 1.2487/1.2811 upleg), where bears faced headwinds. Near […]

The post Cable Dips Further After Weak UK Data, Consolidation May Precede Fresh Push Lower appeared first on Action Forex.

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Weekly Economic & Financial Commentary: Sticky Inflation, Sticky Wicket for the Fed

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11/06/2024

Widening Spreads, Falling Euro – The Fed Won’t Help Lift Sentiment

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12/03/2024

EUR/JPY Price Forecast – Technical Analysis Outlook

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19/09/2024

NZ First Impressions: GDP, June Quarter 2024

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