Sterling drops sharply today even after BoE raised interest rate as expected. The trigger was the warning that of recession as high inflation hurts real incomes of household and profits of businesses. Aussie and Kiwi are also trading lower as yesterday’s risk-on rally fades. Dollar, on the other hand, is regaining some of the post […]
The post Sterling Collapses after Dovish BoE Hike, Dollar Regains Ground appeared first on Action Forex.
Daily Pivots: (S1) 1.3202; (P) 1.3259; (R1) 1.3363; More… GBP/USD’s correction from 1.3442 might have completed at 1.3138 already. Intraday bias is back on the upside. Decisive break of 1.3433/42 key resistance zone will confirm Read more…
Once a retail chain has been around for long enough, people tend to think of it as a constant in their everyday environment. Take Sears, a department store founded in 1893 that was in every Read more…
Daily Pivots: (S1) 1.1114; (P) 1.1155; (R1) 1.1225; More… Intraday bias in EUR/USD stays neutral at this point. On the upside, break of 1.1292 resistance will argue that correction from 1.1572 has completed after defending Read more…