Logo-color Logo-white

Looking at recent moves in major currency pairs, it’s clear that market participants have come to terms with Donald Trump’s victory in the U.S. presidential election and are starting to prepare for changes to the global economic landscape. Among the new president’s campaign promises was the introduction of additional tariffs on imports to the U.S. […]

The post Euro Hits Yearly Lows, Pound Dips Below 1.2800 appeared first on Action Forex.

previous

All Eyes on US CPI

next

AUD/USD Outlook: US CPI Data in Focus

Read More

05/03/2024

Beijing Tries to Convey Message of Confidence, Markets Not Impressed

Markets In a session deprived of data, US yields yesterday easily reversed a big part of Friday’s decline post a weaker than expected US manufacturing ISM. The move started early in US dealings. Comments from Atlanta Fed president Bostic only confirmed recent guidance that the Fed will take a cautious stance on rate cuts as […]
24/09/2024

GBPUSD Unlocks Another New 2½-Year High

GBPUSD eases a bit after strong rally Technical oscillators move slightly down GBPUSD skyrocketed to a fresh two-and-a-half-year high of 1.3365 earlier today, adding almost 3% after the bounce off the 1.3000 round mark. The technical oscillators indicate an overstretched market. The stochastic is turning slightly lower in the overbought territory, while the RSI is […]
13/12/2024

GBP/USD Declines Following UK GDP Data Release

Today, the UK GDP changes for October were published, as reported by Forex Factory (month-on-month): → Actual = -0.1%; → Forecast = +0.1%; → Previous = -0.1%. The data revealed a slowing UK economy, defying analysts’ optimistic expectations. According to Reuters and other outlets, the latest GDP figures: → Could strengthen traders’ expectations of a […]