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Summary Key Themes As we head into 2024, we are downbeat on the prospects for global GDP growth. In our view, the global economy is likely to experience a period of below-trend growth in 2024, with the global economy expanding just 2.4%. Growth prospects are to be restrained by a U.S. economy likely to experience […]

The post 2024 International Economic Outlook: Weathering the Storm appeared first on Action Forex.

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02/08/2024

Gold (XAU/USD) Continues to Surge: New Highs as Fed Rate Cut Looms

The price of gold (XAUUSD) continues its upward trajectory, hitting a new peak at 2460 USD per troy ounce on Friday. The surge in gold prices is largely driven by growing expectations that the US Federal Reserve will soon reduce interest rates. This anticipation has been bolstered by recent signals from the Fed’s July meeting […]
09/01/2024

U.K. Slowdown Could Hasten BoE Easing, But By How Much?

Summary The U.K. economic environment remains challenging, with Q3 GDP contracting slightly and the fourth quarter starting on a subdued note. Even with some improvement in consumer fundamentals and sentiment surveys, we believe a mild technical recession for the U.K. remains more likely than not. Stubborn persistence in U.K. price and wage inflation has started […]
07/06/2024

SILVER (XAGUSD) Buying the Dips at the Blue Box Area

Hello fellow traders. In this technical article, we’re going to take a look into the Elliott Wave charts of SILVER (XAGUSD), exclusively presented in the members’ area of our website. As our members know SILVER has recently made pull back that made clear 3 waves down from the May 20th peak . The commodity completed […]