GBP/USD falls below 1.30 despite inflation jumping to 7% GBP/USD fell to its lowest level this year after UK inflation rose by more than expected. UK inflation jumped to 7% YoY in March, up from 6.2% and ahead of forecasts of 6.7%. Unsurprisingly the main source of higher inflation is rising fuel prices as oil […]
The post Two Trades to Watch: GBP/USD, USD/CAD appeared first on Action Forex.
Daily Pivots: (S1) 212.28; (P) 212.75; (R1) 213.09; More… Intraday bias in GBP/JPY remains mildly on the downside at this point. Rebound from 207.20 should have completed with three waves up to 213.28. Deeper fall Read more…
The week started on a now-usual pattern, with oil prices pushing higher at the open and retracing part of their gains as investors digested the latest news from the Middle East. The major developments include Read more…
In focus today Today, focus continues to be on tensions in the Middle East and its impact on energy markets. Trump stated on Friday that the US will be hitting Iran “very hard over the Read more…