Cable dips to one-month low in early Monday, in extension of Friday’s post-US CPI 1.4% drop. Risk aversion dominates at the start of the week and deflates sterling, while dollar was boosted by continuous rise in US inflation which reached new highest in four decades in May. Unexpectedly weak UK GDP figure for April, added […]
The post GBP/USD Outlook: Sterling Falls Further on Risk Aversion, Downbeat UK GDP Data appeared first on Action Forex.
The S&P 500 Index (SPX) ended its correction from the April 2025 low at 6319.68, which we identify as wave (2). From that level, the Index advanced in wave (3) and broke to a new Read more…
EUR/USD started a fresh increase above 1.1700 and 1.1720. USD/CHF declined further and is now struggling below 0.7835. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro started a decent increase from 1.1650 against Read more…
US Dollar The US dollar has received positive news from the Fed, the oil market and the US economy. Jerome Powell is staying in the FOMC, Brent crude has surpassed $120 per barrel, and orders Read more…