Tag: Action Forex
UK Retail Sales Boost Pound Value – Forex Market Update
The British pound continued to rise on Friday, with GBP/USD trading at 1.3046, up 0.27% for the day. This increase in value is attributed to the stronger-than-expected UK retail sales data for September. Retail...
USD/CHF Daily Forecast: Key Analysis and Updates for Traders
The USD/CHF pair continues to show an upward bias in trading as the rise from 0.8374 is ongoing. If there is a sustained break above the 38.2% retracement level of 0.9223 to 0.8374 at...
ECB Rate Cut Review: Implications and Outlook – Action Forex
Today, the European Central Bank (ECB) announced its third rate cut of the year, bringing the deposit rate to 3.25%. This decision was in line with expectations and was made unanimously. The ECB President,...
ECB Prepares for First Consecutive Rate Cut in 13 Years
The European Central Bank (ECB) is getting ready to implement its first consecutive rate cut in 13 years. It is widely anticipated that the deposit rate will be reduced by 25 basis points to...
USD/JPY Forecast: Updated Analysis and Price Predictions for Today
USD/JPY is currently in a phase of consolidation below the temporary peak of 149.97, leading to a neutral bias for the short term. The expectation is for a continuation of the rally as long...
GBP/USD Falls Below 1.30 on Weak Inflation Report
The British pound experienced some movement on Wednesday after a period of stagnation. During the European session, GBP/USD was trading at 1.2992, showing a decrease of 0.62% for the day. This drop caused the...
BoJ’s Adachi Urges Conservative Approach on Rate Hikes
In a recent speech, BoJ Board Member Seiji Adachi discussed the current state of Japan's economy and the potential for beginning to ease its ultra-loose monetary policy. Adachi pointed out the positive indicators such...
GBP/USD Forecast: Potential Recovery Ahead – Action Forex
The GBP/USD pair has recently seen a decline below the 1.3120 support zone, indicating a bearish trend. On the 4-hour chart, a bearish trend line with resistance at 1.3070 is forming. The EUR/USD pair...
XAUUSD Price Action Analysis: Rebounding Effectively from Key Support Zone
In this technical analysis, we will discuss the recent performance of XAUUSD based on 1-hour Elliott Wave Charts. The price action has shown a rebound from a key support zone, indicating a potential opportunity...
EURGBP Market Analysis: Weekly News Update (Oct 14 – Oct 18) – Action Forex
The EURGBP pair, also known as the “Chunnel” by traders, is a popular currency pair that reflects the economic relationship between the Eurozone and the United Kingdom. The euro is influenced by economic data...
