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Gold price edges higher early Wednesday, bouncing off the floor of near term range and remaining without clear direction as markets await fresh signals from key economic events this week. Conflicting technical indicators on daily chart contribute to near term sideways mode, though slight bullish bias to persist as long as the price stays above […]

The post XAU/USD: Key Economic Events This Week Eyed for Fresh Direction Signals appeared first on Action Forex.

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12/07/2024

Market Analysis: GBP/USD Eyes 1.3000 While EUR/GBP Struggles

GBP/USD is gaining pace above the 1.2900 resistance. EUR/GBP declined and is now consolidating losses above the 0.8400 region. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a fresh increase above 1.2950. There is a key bullish trend line forming with support near 1.2910 on the hourly chart of GBP/USD […]
30/03/2024

Weekly Economic & Financial Commentary: The First of Many Ticks Higher in the Longer-Run Median Dot

Summary United States: Steady, As She Goes This week’s economic data largely reinforced existing economic growth patterns. Consumer momentum remains largely intact, inflation continues to inch back down, albeit at a slower pace, and rate-sensitive sectors stayed in a holding pattern. Next week: ISM Indices (Mon. & Wed.), Trade Balance (Thu.), Employment (Fri.) International: Global […]
14/06/2024

Weekly Focus – Political Uncertainty on the Rise in Europe

This week was dominated by events in the US. The FOMC kept policy rate unchanged at its Wednesday meeting as widely expected. The median of the updated dot plot now signals only one cut for this year, but it remains a close call. While four members expect no cuts, seven members lean towards one cut, […]