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UK GDP Grows 0.1% MoM in May as Services Offset Weak Production and Construction
The UK economy returned to modest growth in May, with GDP rising 0.1% month-on-month after a -0.1% contraction in April, slightly exceeding expectations for a flat reading. The data suggest the economy regained some momentum after a soft start to the second quarter, although the recovery remains uneven beneath the headline. Growth was driven almost […] The post UK GDP Grows 0.1% MoM in May as Services Offset Weak Production and Construction appeared first on ActionForex.
Indian Rupee extends decline amid elevated oil prices
The Indian Rupee (INR) opens lower against the US Dollar (USD), extending its losing streak for the third trading day on Thursday. The USD/INR pair rises to near 96.32 as elevated crude oil prices have renewed fears of higher foreign outflows.
GBP/USD Price Forecast: Maintains constructive uptrend above 1.3500 despite mild losses
The GBP/USD pair trades with mild losses around 1.3535 during the early European trading hours on Thursday.
Asian stocks lean lower due to tech sell-off, rising US-Iran tensions
Asian stocks face downward pressure on Thursday, delivering mixed results as a renewed sell-off in semiconductor shares dragged down the tech sector. The retreat stems from persistent investor skepticism over whether the artificial intelligence rally can sustain its current valuations.
Euro consolidates near four-week top, above mid-1.1400s amid mixed Fed cues, geopolitics
The EUR/USD pair holds steady above the 1.1450 level during the Asian session on Thursday and consolidates its strong gains registered over the past two days, to the highest level since June 18.
AUD/JPY Price Forecast: Declines below 113.50, while maintaining bullish near‑term structure
The AUD/JPY cross trades in negative territory around 113.45 during the early European trading hours on Thursday. Verbal intervention from Japanese authorities provides some support to the Japanese Yen (JPY) against the Australian Dollar (AUD).
Indonesian Rupiah weakens as higher oil import costs stretch the trade balance
USD/IDR gains ground after two days of losses, trading around 18,100 during the Asian hours on Thursday. The pair holds ground as the Indonesian Rupiah (IDR) faces downward pressure as surging oil import costs stretch the nation's trade balance and stoke inflation.
EUR/GBP and GBP/CHF Channel Breakouts as Burnham’s Cabinet Choice Signals Fiscal Discipline
Sterling extended its rally after reports that incoming Prime Minister Andy Burnham has decided on a fiscally conservative Chancellor. The Pound outperformed broadly, with the strongest gains seen against the Euro and Swiss Franc as both EUR/GBP and GBP/CHF broke out of established technical channels, suggesting investors are beginning to price a more durable revaluation […] The post EUR/GBP and GBP/CHF Channel Breakouts as Burnham’s Cabinet Choice Signals Fiscal Discipline appeared first on...
WTICrude Oil Meets a Tough Barrier-Can Bulls Hold on?
Key Highlights WTI Crude Oil started a fresh rally above $76 and $78. A key bullish trend line is forming with support at $72.80 on the 4-hour chart of XTI/USD. Gold could attempt a recovery if it surpasses the $4,120 resistance. EUR/USD seems to be consolidating above the 1.1350 support. WTI Crude Oil Price Technical […] The post WTICrude Oil Meets a Tough Barrier-Can Bulls Hold on? appeared first on ActionForex.
Fed Beige Book: Economy Expands as Price Growth Slows Across Districts
The Federal Reserve’s latest Beige Book painted a picture of an economy that continues to expand while inflation pressures become less widespread, broadly reinforcing the recent message from softer CPI and PPI reports. Economic activity increased at a “slight to moderate pace” in eleven of the twelve Federal Reserve Districts, with contacts generally expecting growth […] The post Fed Beige Book: Economy Expands as Price Growth Slows Across Districts appeared first on ActionForex.
Japanese Yen strengthens on intervention warning, cooling US inflation
The USD/JPY pair loses ground to near 162.15 during the Asian trading hours on Thursday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) after verbal intervention from Japanese authorities.
Silver (XAG/USD) Elliott Wave Structure Downside Bias Holds While Under $63
Since forming the all‑time high at $121.6 on January 29, 2026, Silver (XAG/USD) has entered a pronounced correction. The decline has unfolded with a clear Elliott Wave structure, and the ideal extreme target remains the 100% Fibonacci extension at $38.8. Whether this level will ultimately be reached is uncertain, but the broader corrective sequence continues […] The post Silver (XAG/USD) Elliott Wave Structure Downside Bias Holds While Under $63 appeared first on ActionForex.