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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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Source: Action Forex News Agency
1 month ago
Forex Medium Importance
EURUSD – Bulls Faced Headwinds but Remain in Play While 1.1500 Support Holds

EURUSD – Bulls Faced Headwinds but Remain in Play While 1.1500 Support Holds

EURUSD remains constructive and holding above 1.1500 mark (round-figure / broken upper bull-channel boundary) for the fourth consecutive day, despite Monday's pullback from new highest since June 17 that warned of potential stall of the latest recovery rally from 1.1353 to 1.1559.

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Source: Action Forex
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