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Key Highlights GBP/USD started a consolidation phase near the 1.2950 zone. A key bearish trend line is forming with resistance at 1.2990 on the 4-hour chart. Bitcoin climbed further above the $71,500 resistance. Gold traded to a new all-time high above $2,765. GBP/USD Technical Analysis The British Pound remained in a bearish zone below 1.3120 […]

The post GBP/USD Eyes Recovery: Can Bulls Turn The Tide? appeared first on Action Forex.

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01/08/2024

Bank of England Review – Easing Commences But No Game-Changer for GBP

At today’s monetary policy meeting, the Bank of England decided to cut the Bank Rate by 25bp to 5.00%. A tight vote split, the notion of it being a finely balanced decision to cut rates and a mention of upside risks to the inflation forecast, gave the cut a slight hawkish twist. Gilt yields tracked […]
05/04/2024

AUD Takes a Pause After Rally

After three days of significant gains, the Australian dollar is retreating against its American counterpart, with the AUD/USD pair falling to 0.6573. The US dollar has rebounded after Federal Reserve officials expressed doubts about an immediate monetary policy easing. The discussion around interest rates and the timing of their reduction has become a central topic […]
23/12/2024

USDCHF Wave Analysis

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