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Key insights from the week that was. In Australia, the release of the week was certainly the Monthly CPI Indicator for May which reported a lift in headline inflation from 3.6%yr in April to 4.0%yr – as Westpac forecast – and a lift in the annual trimmed mean from 4.1%yr to 4.4%yr. Being the mid-month […]

The post Cliff Notes: The Slow Grind appeared first on Action Forex.

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29/05/2024

German Inflation in the Spotlight Ahead of Friday’s Euro Area Print

In focus today Today, focus is on German inflation data for May which will give an important clue as to what the euro area print on Friday will show. We expect a large increase in core services inflation due to a base effect from the “German ticket”, which lowered prices on public transportation in May […]
25/01/2024

Can Rate Cuts and Geopolitics Propel Gold to Fresh Record Highs?

Gold’s uptrend hits a snag; 2024 characterized by consolidation phase But ingredients for a rally are still there Geopolitical risks and Fed rate cuts hold key to rekindling the bulls Scaling new heights as world goes from crisis to crisis Since 2020, the world has been stumbling from one crisis onto another, creating the perfect […]
29/08/2024

Gold Holds Steady: Will It Rise Again? US GDP Next

Key Highlights Gold gained pace and traded above the $2,500 resistance. A connecting bullish trend line is forming with support at $2,495 on the 4-hour chart. Oil prices faced resistance near $78.40 and trimmed some gains. The US Gross Domestic Product could grow by 2.8% in Q2 2024 (Preliminary). Gold Price Technical Analysis Gold prices […]