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UK wage growth eases to 7.3%, lower than expected US inflation expected to fall to 3.0% The British pound is drifting on Tuesday. In the European session, GBP/USD is trading at 1.2551, down 0.04%. UK wage growth falls to 7.3% Tuesday’s UK employment report was notable for the decline in wage growth. Earnings excluding bonuses […]

The post GBP/USD Drifting Ahead of US Inflation appeared first on Action Forex.

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25/04/2024

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Markets Asian markets mostly started the day in risk-off modus after a disappointing outlook from tech bellwether Meta at its earnings report yesterday after the close of US markets. This also spilled over to European equities this morning. The risk-off again didn’t trigger any real safe haven bid for core bond markets. Declines in EMU […]
22/07/2024

Crypto Rests After Another Rise

Market picture The cryptocurrency market is near 6-week highs, with capitalisation near $2.44 trillion, adding 0.5% in the last 24 hours. A wait-and-see attitude and some profit-taking replaced active buying in the last three days starting Friday. Judging by the dynamics, the market prefers to stand still, waiting for new signals, which may be statements […]
03/06/2024

AUD/USD: Bulls Regain Control After a Healthy Correction

AUDUSD stands at the front foot on Monday and extends advance into third straight day, pressuring pivotal barrier at 0.6680 (recent range ceiling). Fresh strength further improves near term outlook, boosted by positive signal from formation of a higher base at 0.6590 (May 24/30 double-bottom), which signaled a healthy correction from 0.6714 (May 16 top, […]