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Markets Sterling was among the outperformers on currency markets last Friday. The British pound excelled on significantly stronger than expected August retail sales after an already bumper July. EUR/GBP’s downside at 0.838 (July and by extension a two-year low) is cracking. GBP/USD topped the 1.33 big figure for the first time since February 2022. It […]

The post PMIs Are Scheduled for Release appeared first on Action Forex.

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13/06/2024

EUR/USD: Remains Constructive Despite More Hawkish Than Expected Powell

EURUSD is consolidating within a narrow range on Thursday morning, following strong rally on Wednesday (up 0.65%), but remains constructive despite Wednesday’s upside rejection and a bull-trap above converged 10/20DMA’s. The single currency rallied on weaker than expected US May CPI numbers, though the sentiment was cooled by more hawkish than expected remarks from Fed […]
28/08/2024

USDCHF Wave Analysis

USDCHF broke key support level 0.8450 Likely to fall to support level 0.8330 USDCHF currency pair today broke below the key support level 0.8450 (which stopped the previous sharp downward impulse wave (1) at the start of August). The breakout of the support level 0.8450 should accelerate the active impulse wave (3) which started earlier […]
23/04/2024

FTSE100 Hits New Record High

FTSE 100 index hit new marginally higher record high on Tuesday, as strong bullish acceleration extends into third straight day. Strong gains in UK defense stocks, food producers and retailers, along with weaker pound and rising commodity prices contributed to strong advance of blue-chip stock index. Bullish daily studies support the action, but overbought conditions […]