GBP/USD’s rise from 1.2036 continued last week and hit as high as 1.2613. Initial bias stays on the upside this week for 61.8% retracement of 1.3141 to 1.2036 at 1.2716 next. On the downside, below 1.2523 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally. In the bigger picture, […]
The post GBP/USD Weekly Outlook appeared first on Action Forex.
For those hoping to buy a home soon, employment data is a double-edged sword. In my years of reporting on the real estate market and mortgages, I’ve witnessed the good and the bad of unemployment‘s Read more…
Your retirement account dropped 8% in a single quarter, and every instinct told you to sell everything and sit in cash. If that sounds familiar, you are not alone, but Fidelity Investments has data suggesting Read more…
Three major stock indexes pulled back on May 7 after touching fresh intraday highs earlier in the session, giving back gains from a record-setting rally. The Dow Jones Industrial Average dropped 313.62 points to close Read more…