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The Pound Sterling weakened on Thursday after reports showed the UK economy grew less than expected in November, while factory activity continued to decline. The UK’s GDP grew by 0.1% after shrinking in October, falling short of the 0.2% growth economists had predicted. Additionally, manufacturing and industrial production dropped in November, signaling ongoing challenges for […]

The post Is GBPAUD Ready for a Rebound? appeared first on Action Forex.

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12/12/2023

Recent Inflation Data Probably Will Allow Fed to Remove a Final Rate Hike

Markets Markets yesterday understandably started the week in a wait-and-see modus, looking forward to key eco data, including US CPI and policy meetings of the Fed, the ECB and the Bank of England later this week. One-year inflation expectations in the New York Fed’s consumer expectations survey eased slightly from 3.57% to 3.36%, the lowest […]
23/09/2024

Analysts Predict Bitcoin’s Price Will Rise to an All-Time High This Year

As reported by CNBC, Jeff Kendrick from Standard Chartered Bank forecasts that, against the backdrop of the Federal Reserve lowering interest rates, the BTC/USD exchange rate will reach an all-time high by the end of 2024: → up to $125,000 if Trump wins, who publicly expressed support for the cryptocurrency sector this summer. → up […]
23/08/2024

GBPJPY’s Recovery Stalls at 200-day SMA

GBPJPY attempts to recover from recent 8-month low But the rebound falters after testing 200-day SMA RSI and MACD remain tilted to the bearish side GBPJPY experienced a vast selloff in July, dropping from a 16-year peak of 208.10 to as low as 180.07 on August 5, which is also an eight-month low. Since then, the pair […]