Logo-color Logo-white

GBP/USD started a fresh increase above the 1.3200 zone. USD/CAD declined and now consolidates below the 1.3600 level. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound is eyeing more gains above the 1.3300 resistance. There is a key expanding triangle forming with support near 1.3200 on the hourly chart of GBP/USD at […]

The post Market Analysis: GBP/USD Rallies While USD/CAD Struggles appeared first on Action Forex.

previous

Hawkish Market Surprises from Norges Bank and Bank of England

next

WTI Crude Oil Tries to Extend Its Bullish Correction

Read More

02/07/2024

Pound and Euro Test Key Support Levels: Is a Breakout Possible?

European currencies are showing surprising resilience. Despite the general strengthening of the dollar and strong macroeconomic data from the US, EUR/USD and GBP/USD continue to trade above strategically important levels: EUR/USD has been testing 1.0660 for over three weeks but cannot establish itself below this level. GBP/USD buyers have been holding off sellers for a […]
14/06/2024

Week Ahead – RBA, SNB and BoE Next to Secide, CPI and PMI Data Also on Tap

It will be another central-bank-heavy week with the RBA, SNB and BoE None are expected to cut but there’s room for surprises Retail sales will be the highlight in the United States Plenty of other data also on the way, including flash PMIs and UK CPI RBA is in a pickle The Reserve Bank of […]
29/08/2024

Gold Holds Steady: Will It Rise Again? US GDP Next

Key Highlights Gold gained pace and traded above the $2,500 resistance. A connecting bullish trend line is forming with support at $2,495 on the 4-hour chart. Oil prices faced resistance near $78.40 and trimmed some gains. The US Gross Domestic Product could grow by 2.8% in Q2 2024 (Preliminary). Gold Price Technical Analysis Gold prices […]