GBPUSD poised for a breakout—traders should stay alert! The GBPUSD pair, commonly known as “cable” among traders, reflects the exchange rate between the British pound and the US dollar. Economic conditions heavily influence the pair in both the UK and the US. The Pound usually depends on UK interest rate decisions, inflation data, and overall […]
The post News of the Week (September 16— September 20): GBPUSD in Focus appeared first on Action Forex.
New Zealand’s GDP fell by 0.2% in the June quarter. The result wasn’t as weak as expected, and will ease concerns that the economy might have been taking a turn for the worse. Key results Read more…
50bps delivered and another 50bps seen by year end by the FOMC. At the September meeting, the FOMC decided to cut by 50bps to begin their policy normalisation cycle. The Committee projects another 50bps of Read more…
AUDCAD broke pivotal resistance level 0.9170 Likely to rise to resistance level 0.9260 AUDCAD currency pair recently broke above the pivotal resistance level 0.9170 (which stopped the previous waves (1) and B last month). The Read more…