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It’s a packed week ahead with key central bank decisions and big data releases Will the Fed (Wednesday) and Bank of England (Thursday) signal rate cuts? US jobs report, Eurozone GDP & CPI will also be crucial Plus, Aussie inflation and an OPEC meeting Fed meets: more pushback or a cautious green light? The Federal […]

The post Week Ahead – Fed and BoE Decisions, NFP Report, Eurozone GDP Incoming appeared first on Action Forex.

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30/04/2024

Crude Oil Price Could Restart Increase Above This Resistance

Key Highlights Crude oil bulls are aiming for a fresh increase above the $85.00 level. The price broke a key bearish trend line with resistance at $83.50 on the 4-hour chart. Gold prices are consolidating below the $2,350 resistance. Bitcoin prices are recovering higher above the $63,500 resistance zone. Crude Oil Price Technical Analysis After […]
15/02/2024

GBPUSD Edges Down as UK Slips into Mild Recession

GBPUSD holds above key support trendline despite disappointing UK GDP data Short-term trend deteriorates, but confirmation needed below 1.2500 GBPUSD remained squeezed between the 1.2563 resistance and the key support trendline from the 2022 record low in the four-hour chart despite the UK economy falling into a mild technical recession in Q4 2023. The market […]
15/04/2024

GBPAUD Wave Analysis

GBPAUD reversed from support level 1.918 Likely to rise to resistance level 1.9360 GBPAUD recently reversed up from the key support level 1.918 (which has been reversing the price from January). The support level 1.918 was strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the upward impulse from December. […]