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Cable edged lower on sub-forecast Uk November earnings which adds to talks about possible rate cuts, although the BoE signals that cuts are still not on the table, with hawkish hold expected on Thursday’s policy meeting. Near-term structure remains positively aligned while the price stays above 200DMA (1.2491), but break above 10DMA (1.2608) is needed […]

The post GBP/USD: Cable Remains Constructive Above 200DMA But More Action at the Upside Needed to Confirm appeared first on Action Forex.

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03/06/2024

US: Manufacturing Slips Further into Contraction in May

The ISM Manufacturing Index slipped further into contractionary territory in May, dipping to 48.7 from 49.2 in April, disappointing expectations for a marginal gain. The contraction also became more broad based, with 55% of manufacturing GDP having contracted in May, up from 34% in April. Demand slowing was reflected by the new orders index dropping […]
16/04/2024

Frightened Crypto Market Chooses a Path

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23/07/2024

GBP/USD Sees Pullback But Key Support Intact

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