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Source: Action Forex News Agency
1 month ago
Forex Medium Importance
Two Things Stand Between GBP/CAD and an Upside Breakout

Two Things Stand Between GBP/CAD and an Upside Breakout

TL;DR: GBP/CAD looks ready to resume its uptrend after rebounding from the 55-day EMA, but a sustained breakout depends on two separate forces — Friday's volatile Canadian jobs report and whether oil's renewed strength above $86 continues to support the Canadian Dollar.

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GBPCAD GBPCAD
Source: Action Forex
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Source: Action Forex News Agency
1 month ago
Forex Medium Importance
GBP/USD Under Pressure: Pound Lags Behind Peers

GBP/USD Under Pressure: Pound Lags Behind Peers

Market sentiment improved following a drop in oil prices, as investors grew hopeful that the US and Iran may reach an agreement to restore shipping through the Strait of Hormuz. Such a development would reduce inflation risks and the likelihood of further rate hikes.

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Source: Action Forex
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