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The British pound is down for a third straight trading day on Tuesday. In the European session, GBP/USD is trading at 1.2822, down 0.36% on the day. Earlier today, the pound fell below the 1.28 line for the first time since Aug. 15. UK employment rate climbs to 4.3% The UK employment report for the […]

The post GBP/USD Slips to 3-Month Low as Unemployment Rate Jumps appeared first on Action Forex.

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10/06/2024

EUR/USD Tumbles: Euro Faces Bearish Pressure

Key Highlights EUR/USD started a fresh decline from the 1.0915 resistance. It traded below a key bullish trend line with support at 1.0810 on the 4-hour chart. GBP/USD rallied toward 1.2700 before the bears appeared. Gold prices dipped again and traded below $2,320. EUR/USD Technical Analysis The Euro started a decline after it failed near […]
18/09/2024

How Will US Elections Impact the Markets?

Harris takes the lead in most polls as Trump’s campaign stalls But what does a Harris win mean for stocks and the US dollar? Can Trump turn things around and what would investors prefer? Late entry The US presidential election is drawing ever closer and there can be no doubt that the race heated up […]
26/01/2024

Foreign Central Banks Take Center Stage

Summary It was a busy week for foreign central banks, with several offering their first monetary policy assessment of 2024. The Bank of Japan held monetary policy unchanged, but its announcement and updated economic forecasts kept it on track for an April rate hike, in our view. The Bank of Canada’s announcement was modestly dovish […]