Key Highlights GBP/USD started a fresh increase above the 1.3420 resistance. A bullish trend line is forming with support at 1.3370 on the 4-hour chart. Gold started a consolidation phase below the $4,000 pivot level. EUR/USD recovered and climbed above 1.1240. GBP/USD Technical Analysis The British Pound found support above 1.3250 against the US Dollar. […]
The post GBP/USD Keeps Climbing—The Rally May Not Be Over Yet appeared first on ActionForex.
China’s private services sector continued expanding in October, although growth moderated to its weakest pace in three months. RatingDog PMI Services fell from 51.6 to 50.8, below market expectations of 51.5, as operational constraints and Read more…
Australia’s private-sector activity returned to contraction in October, with PMI Services falling from 51.9 to 48.5, marking its first decline in activity since May and the lowest reading in seven months. The final figure was Read more…
Australian household spending increased 0.6% mom in September, with annual growth reaching 6.8%, according to the Australian Bureau of Statistics (ABS). Spending rose across six of the nine categories and all eight states and territories, Read more…