The British pound remains under pressure. GBP/USD is in negative territory today, following back-to-back losing sessions. In the European session, GBP/USD is trading at 1.2439, down 0.45% on the day. Will US inflation drop? The highlight of the week will be US inflation for May. Headline inflation is expected at 8.3% (unchanged), while Core CPI […]
The post Pound Extends Losses, US Inflation Looms appeared first on Action Forex.
Markets Core bond yields yesterday staged a further (forceful) bear steepening heading into the Fed, BoC, BoE and ECB policy meetings scheduled today and tomorrow. Markets are growing ever more convinced that a prolonged stalemate Read more…
Daily Pivots: (S1) 1.1684; (P) 1.1706; (R1) 1.1735; More…. Intraday bias in EUR/USD remains neutral for the moment. Further rally is expected with 1.1662 support intact. On the upside, sustained trading above 61.8% retracement of Read more…
Daily Pivots: (S1) 159.12; (P) 159.45; (R1) 159.95; More… Intraday bias in USD/JPY remains neutral as consolidation continues below 160.45. Further rise is expected with 157.49 cluster support (38.2% retracement of 152.25 to 160.45 at Read more…