Cable extends steep fall of past four weeks and probed below 1.22 handle to hit new 2022 low. Weak UK GDP data, released today, added to negative sentiment, fueled by risk aversion that continues to inflate the US dollar. Negative fundamentals dominate and so far counter signals from strongly oversold daily and weekly studies, however, […]
The post GBP/USD: Cable Falls to New 2022 Low after Weak UK GDP Data Added to Negative Sentiment appeared first on Action Forex.
Paris knows how to put on a show — but this wasn’t fashion week. Inside the gilded walls of Salle Pleyel, better known for hosting France’s César film awards, a luxury giant hosted its shareholders’ Read more…
AUD/USD retreated after edging higher to 0.6511 last week, but downside is contained above 0.6364 support so far. Initial bias stays neutral this week first. On the upside, break of 0.6511 will resume the rally Read more…
USD/CAD’s extended recovery last week indicates short term bottoming at 1.3749. Initial bias stays on the upside this week for 55 D EMA (now at 1.4053). Break there will target 1.4150 cluster resistance (38.2% retracement Read more…