Cable eases from one-month high in European trading on Thursday after being inflated by fresh risk appetite on unclear signals from Fed that prompted investors out of dollar. Although the Fed raised interest rates by 0.75% as expected, Chief Powell missed to deliver an information about the size of the next rate hike that made […]
The post GBP/USD Outlook: Bulls Start to Lose Traction after Post-Fed 1% Rally appeared first on Action Forex.
I view the probabilities of downside and upside risks to inflation as broadly balanced. But at this point I am more worried about the possible consequences if the upside materialised, as this could require a Read more…
EUR/USD encountered significant pressure, testing a low of 1.0331 before rebounding to 1.0476, as market concerns mount over the potential economic slowdown in Europe and aggressive rate cuts by the European Central Bank (ECB). Recent Read more…
Gold switches to loses before reaching all-time high A consolidation phase likely in the short-term Gold felt Monday’s blues, retreating immediately toward its 20-day simple moving average (SMA) at 2,670 after five consecutive winning days. Read more…