Key Highlights GBP/USD started a downside correction below the 1.3520 support. It traded below a key bullish trend line with support at 1.3450 on the 4-hour chart. EUR/USD trimmed gains and traded below the 1.1320 level. The US Gross Domestic Product could contract by 0.3% in Q1 2025 (Preliminary). GBP/USD Technical Analysis The British Pound […]
The post GBP/USD Breaks Support — Bearish Pressure Builds appeared first on Action Forex.
When it comes to setting sail in style, PortMiami just keeps cruising past the competition. For the third year in a row, it’s been crowned “Best Cruise Port“ by Global Traveler magazine. Featured in the Read more…
Canada’s GDP grew by 0.1% mom in March, in line with market expectations. Strength in goods-producing industries continued to support overall output. The sector expanded by 0.2%, marking its second lead contribution in the past Read more…
US headline PCE price index rose 0.1% mom in April, in line with expectations, while annual inflation slipped from 2.3% yoy to 2.1% yoy, below the consensus of 2.2%. Core PCE, Fed’s preferred inflation gauge, Read more…