GBP/USD comes under renewed pressure after retreating below 1.3600. Short-term bias leans bearish, but confirmation is still required. A close below 1.3440–1.3500 would shift the outlook decisively negative. GBP/USD slid to an almost two-week low of 1.3551 early Tuesday after disappointing UK employment data dampened sentiment. The report showed softer job growth, an unchanged unemployment […]
The post GBP/USD Picks Up Bearish Vibes After Weak Jobs Data appeared first on ActionForex.
Key Highlights GBP/USD started a recovery wave above 1.3380. A major bearish trend line is forming with resistance at 1.3450 on the 4-hour chart. Crude oil prices saw heavy swing moves above the $80.00 pivot Read more…
Aussie’s broad-based strength continues today as markets further strengthened expectations that the RBA will deliver two consecutive rate hikes in the coming months. Investors are increasingly convinced that the RBA will raise the cash rate Read more…
While the often-repeated statistic that only one percent of New York City restaurants survive a year after opening is a long-running urban legend (the actual number is closer to 20%), the market in the city Read more…