Tag: Action Forex
GBPAUD Maintains Strong Support Level – Forex Analysis
GBPAUD has been showing a strong support level above 1.8900, preventing significant downward movements. Despite trading below a downward sloping trendline, the pair has...
UK Data Analysis: Impact of Labour Win on Pound – Action Forex
The UK economy has shown signs of improvement, with GDP growing by 0.7% in the first quarter of the year. Analysts are now expecting...
Euro’s Response to Falling Investor Confidence – Action Forex
The euro is not moving much today. It is currently trading at 1.0819 against the US dollar, which is a slight increase of 0.05%.
Investor...
GBPUSD Surges Towards 2024 Highs – Latest Forex Analysis
GBPUSD has been showing signs of strength as it bounces back from its 50-day SMA, reaching its highest level since June 12. Momentum indicators...
US CPI Report Impact on Fed Policy: Will it Trigger a Pivot?
The latest US inflation data is set to be released this Thursday at 12:30 GMT, with expectations pointing towards a further decline in the...
Weekly EUR/USD Forecast: Latest Analysis and Predictions for Traders
EUR/USD saw a strong rebound last week, indicating that the pullback from 1.0915 may have ended at 1.0665. The initial bias for the upcoming...
Forex and Cryptocurrency Forecast for Traders – Action Forex
On Friday, June 5, the Dollar Index (DXY) hit a three-week low, while the euro showed its largest weekly gain against the dollar in...
GBP/JPY Weekly Forecast: Latest Analysis and Predictions
Last week, GBP/JPY continued its upward trend and reached a high of 206.42. This week, the initial bias suggests further rally. A strong break...
French Elections Round Two, Powell Testimony, and US CPI Preview – Action Forex
Traders are eagerly watching the outcome of the French election, with the far-right National Rally (RN) leading the first round but facing opposition from...
Analyzing USD/JPY Pullback: Insights from Action Forex
The USD/JPY pair recently reached a new multi-year high at 161.95 before experiencing a correction. It dropped below a key bullish trend line with...
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Amazon Prime Delivery Lawsuit: DC Attorney General Targets Excluded Neighborhoods
Amazon Prime Lawsuit: DC Attorney General Takes on Excluded NeighborhoodsIn a groundbreaking move, Washington, D.C.'s Attorney General Brian Schwalb has filed a lawsuit against...
