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Key Highlights GBP/USD is eyeing more gains above the 1.2750 level. A major bullish flag is forming with resistance near 1.2725 on the 4-hour chart. EUR/USD is gaining bullish momentum above the 1.0980 zone. Oil prices could gain pace for a move toward the $78 level. GBP/USD Technical Analysis The British Pound formed a base […]

The post GBP/USD Seems Primed For More Gains Above 1.2800 appeared first on Action Forex.

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06/06/2024

DXY: Upbeat US Services PMI Data Provide Fresh Support to Greenback

The dollar index accelerated higher on Wednesday, following much stronger than expected US services PMI data (May 53.8 vs 51.0 f/c and Apr 49.4) which signaled that services sector returned to growth (May figure hit the highest in nine months) and offset negative signals from downbeat labor reports (JOLTS and ADP). Fresh advance cracked strong […]
16/08/2024

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US: Manufacturing Slips Back into Contraction in April, But Price Pressures Pick Up

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