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GBP/USD Bulls Focus on Short-Term Pullback amid Consolidation – Action Forex
GBP/USD has been trading within a tight 30-pip range recently, showing signs of consolidation in the market. This comes as the focus shifts to upcoming US CPI and PPI data releases on Thursday and...
GBPUSD Price Action Analysis: US CPI Data Impact on Rangebound Trading | Forexlive
The USD saw a rise in value last Friday after a strong US NFP report. This caused the market to adjust its expectations for rate cuts, aligning more closely with the Fed's projections. Moving...
NZD/USD Hits Seven-Week Low Amid Ongoing Sell-off and RBNZ Rate Cuts
The NZD/USD pair has recently hit a seven-week low at 0.6091 due to ongoing sell-off pressure. This decline is mainly linked to the Reserve Bank of New Zealand's (RBNZ) decision to lower interest rates...
Morgan Stanley Raises Brent Price Forecast to $80 for Q4 2024
Morgan Stanley, a renowned financial institution, has recently raised its Brent price forecast to $80 for the fourth quarter of 2024. This upward revision indicates a positive outlook on the future of Brent oil...
Bitcoin Price Forecast: Overcoming Obstacles to Reach New Highs – Action Forex
Bitcoin price has been facing some obstacles in its attempt to break through the $64,000 resistance zone. Despite starting an upward movement above $62,000 and climbing above $63,500, it struggled to surpass key levels. Looking...
Forexlive Americas FX News Wrap: Major Currency Pairs Following Technicals – 8 Oct
Oil inventory data revealed a larger-than-expected build in headline crude oil. The Federal Reserve's Collins stated that labor markets are in a positive state overall. Major indices closed higher, and it was mentioned that...
RBNZ Rate Decision: Impact on NZD/USD – Action Forex
The New Zealand dollar has been on a downward trend for the past six days, experiencing a 3.6% decrease in value during this time. However, on Tuesday, the NZD showed some signs of stabilization...
US Stock Market Update: Stocks Hit Daily Lows | Forexlive
The stock market in the US is currently experiencing a downward trend, with major indices hitting daily lows. The Dow industrial average is leading the decline with a decrease of -1%. This decline is...
Gold Price Rebounds as Buyers Return to Blue Box Area – Action Forex
Gold prices have seen a rebound as buyers returned to the blue box area, according to a technical blog analyzing the 1-hour Elliott Wave Charts of Gold. The recent rally from the low on...
Milton Forecasted to Strengthen to Category 5 Hurricane | Forexlive
The most recent information from both NOAA and Air Force Hurricane Hunter aircraft suggests that Milton is rapidly getting stronger and has now been upgraded to a Category-3 hurricane. "The radar analysis indicates a...