GBP/USD has risen for the third consecutive session, reaching 1.2857, primarily driven by a weaker US Dollar amid escalating US-China trade tensions. Key factors influencing GBP/USD movements China has raised tariffs on US goods to 84%, effective 10 April, in retaliation for the US increasing duties on Chinese imports to 104%. Bank of England Deputy […]
The post Pound Rallies Sharply Weak Dollar Boosts GBP, But BoE Rate Outlook May Complicate Future Gains appeared first on Action Forex.
The EURUSD currency pair is showing strong signs of continuing its upward trend, based on Elliott Wave analysis. Since its low on September 26, 2022, the pair has been climbing. However, it hasn’t yet hit Read more…
Key Highlights USD/JPY started a fresh decline below the 145.00 level. A short-term contracting triangle is forming with resistance at 143.10 on the 4-hour chart. EUR/USD could aim for a move above the 1.1420 resistance Read more…
Japan’s CPI core (excluding fresh food) accelerated from 3.0% yoy to 3.2% yoy in March, matching expectations, and marking the third consecutive year it has remained above BoJ’s 2% target. CPI core-core, which strips out Read more…