The British Pound started a fresh decline from the 1.2550 resistance against the US Dollar. The GBP/USD pair traded below the 1.2420 support zone to enter a bearish zone. The pair even declined below 1.2200 and the 50 hourly simple moving average. It is now showing bearish signs below a bearish trend line with resistance […]
The post GBP/USD Technical Analysis 15th June 2022 appeared first on Action Forex.
Dollar’s broader weakness reasserted itself last week, even as it managed a modest late rebound against Euro. Across the board, however, the greenback remains under pressure, with underlying momentum and sentiment pointing to further downside Read more…
After more than a year of speculation about whether Spirit Airlines could come out of two bankruptcies with a last-minute Hail Mary, the skyrocketing price of jet fuel ended up dealing the final blow to Read more…
The contentious clash of divergent opinions on the Federal Reserve’s outlook on short-term interest rates has clarified with three regional bank presidents zeroing in on increasing uncertainty about the Iran war’s impact on inflation. Fed Read more…