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GBPUSD Moves Horizontally Within 1.2900 – 1.3000 – Action Forex
GBPUSD loses momentum near uptrend line Stochastic ticks higher, but RSI flattens GBPUSD headed south in the preceding week, breaking the long-term ascending trendline to the downside. However, the pair is currently holding within a tight range after failing to extend the bearish tendency, but there is strong resistance at the 1.3000 round number. According to technical oscillators, the stochastic is moving…
EUR/USD Bears Eye Control: Is the Downtrend Set to Continue? – Action Forex
Key Highlights EUR/USD struggled to recover above the 1.0900 resistance zone. A connecting trend line is forming with resistance at 1.0900 on the 4-hour chart. GBP/USD is signaling a bearish bias below the 1.3050 resistance. Gold corrected gains and traded below $2,750. EUR/USD Technical Analysis The Euro started an upside correction above the 1.0820 level…
How natural hydrogen, hiding deep in the Earth, could serve as a new energy source
By Promise Longe, University of Kansas In the search for more, new and cleaner sources of energy, a largely untapped resource is emerging: natural hydrogen. Unlike hydrogen produced from industrial processes, natural hydrogen forms through geological reactions that occur normally within the Earth’s crust, meaning it costs nothing to make – though it costs some…
Central Bank Interest Rate Changes in Moldova and Iceland – Currency Thoughts
Central Bank Interest Rate Changes in Moldova and Iceland February 5, 2025 The National Bank of Moldova‘s policy rate was raised by 90 basis points today to 6.5%, its highest level since June 2023. Today’s is the second increase this year following one of 30 basis points in January. The rate had been at 3.6%…
USD/JPY Weekly Outlook – Action Forex
USD/JPY’s choppy rise from 151.86 resumed by breaching 157.70 resistance last week. Initial bias stays mildly on the upside this week. Further rally could be seen to retest 160.20 high. But upside should be limited there, at least on first attempt. On the downside, below 156.57 minor support will turn intraday bias neutral first. In…
