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The UK national election on Thursday propelled the Labour Party to a sweeping victory and Labour leader Keir Starmer will become the next Prime Minister. In the six-week election campaign of the election, Labour had a massive lead in the polls and there was no doubt it would win a huge majority in parliament. The […]

The post UK Election: Labour Wins in a Landslide appeared first on Action Forex.

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15/02/2024

USD/CAD – Two-Month High Ahead of Thursday’s US Retail Sales Report

US inflation data boosts the dollar Retail sales eyed on Thursday for signs of strong demand USDCAD may remain rangebound The US dollar reached a two-month high against its Canadian counterpart on Wednesday on the back of some stronger economic data. The inflation figures from the US propelled the greenback higher as traders were forced […]
04/06/2024

GBPUSD Surges to Fresh 2-Month High

GBPUSD advances to its highest level since March 13 But the advance starts to look overstretched Momentum indicators approach overbought conditions GBPUSD has been in a steady recovery following its bounce off the 2024 bottom of 1.2298, with the price violating both the 50- and 200-day simple moving averages (SMAs). On Tuesday, the pair posted a […]
14/09/2024

Markets Weekly Outlook – Central Banks to Rule the Roost

Federal Reserve’s Upcoming Decision: Markets are split on whether the Fed will cut rates by 25 or 50 bps. Key data releases from China, Japan, the UK, and the US will shape market sentiment and potentially set the tone for Q4 2024. The DXY is nearing a critical support level, and its direction could determine […]