Cable remains firmly in red for the fourth straight day and hits five-week low on probe through 1.18 handle in European trading on Monday. Bears look for retest of 2022 low at 1.1760, break of which would risk fresh extension towards pandemic low at 1.1410 (Mar 2020). Firmly bearish techs on daily and weekly chart […]
The post GBP/USD: Violation of Key 1.1760 Support to Risk Test of Pandemic Low at 1.1410 appeared first on Action Forex.
New Zealand’s services sector slipped back into contraction in February. BusinessNZ Performance of Services Index fell from 50.7 to 48.0, well below the survey’s long-term average of 52.8. The sector’s return to expansion proved short-lived, Read more…
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The coming week represents a rare convergence of global monetary policy decisions, with seven major central banks meeting within days of each other. The Reserve Bank of Australia, Bank of Canada, Federal Reserve, Bank of Read more…