Logo-color Logo-white

According to ICE data, the U.S. Dollar Index futures have reached highs last seen in early July 2024. The dollar’s strength is attributed, in part, to anticipated economic stimulus measures outlined by the newly elected President Donald Trump during his campaign. This has put pressure on other currencies paired with the dollar. Currently, the British […]

The post GBP/USD Chart Analysis: Bears Apply Pressure to Key Support appeared first on Action Forex.

previous

XAU/USD Outlook: Gold Holds in Red as Markets Await Fresh Signals from US Inflation Data

next

Gold (XAU/USD) Prices Slide as US Dollar (DXY) Rally Continues

Read More

20/06/2024

SNB Cut Sends Swiss Franc Tumbling

The Swiss franc is down sharply on Thursday. USD/CHF is trading at 0.8897 in the European session, up 0.67% on the day. Swiss National Bank trims rate to 1.25% The Swiss National Bank kept investors hanging right up to the last minute as to whether or not it would cut rates at Thursday’s meeting. In […]
14/06/2024

Week Ahead – RBA, SNB and BoE Next to Secide, CPI and PMI Data Also on Tap

It will be another central-bank-heavy week with the RBA, SNB and BoE None are expected to cut but there’s room for surprises Retail sales will be the highlight in the United States Plenty of other data also on the way, including flash PMIs and UK CPI RBA is in a pickle The Reserve Bank of […]
10/06/2024

BoE Stays Quiet But Data Could Speak Volumes

BoE stuck between strong US data and the ECB rate cut Labour market data could support August rate cut expectations All eyes on average earnings growth Could the pound maintain its recent gains? BoE remains on the sidelines While the ECB announced its first rate cut since 2019 and the Fed is preparing for Wednesday’s […]