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The price of gold continues its impressive ascent, balancing around $2500 per troy ounce early this week, hovering near record peaks. The primary catalyst driving this rally is the intensified demand for safe-haven assets amid ongoing geopolitical tensions. The spotlight remains on the Middle East conflict, with U.S. Secretary of State Antony Blinken slated to […]

The post Gold (XAU/USD) Nears Record Highs Amid Geopolitical Uncertainty and Fed Speculations appeared first on Action Forex.

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26/06/2024

USD/JPY: Probes Again Through 160.00 Barrier and Hits New Multi-Decade Highs

USDJPY hit new multi-decade high above 160 on Wednesday, as bulls regained control after a two-day consolidation. Fresh probe above psychological 160 barrier suggests that bids remain strong despite warning that Japan’s authorities may intervene to support weakening national currency, with 160 zone seen as a likely trigger. Strong bids were also signaled by long […]
01/08/2024

Will US Nonfarm Payrolls Steal The Show This Week?

US nonfarm payrolls to be released on Friday, 12:30 GMT Analysts estimate softer employment conditions in July Gold might push for an uptrend resumption if jobs data disappoint Will July’s NFP report be a game-changer? Friday’s nonfarm payrolls report will not be the last before September’s FOMC policy meeting, but it will be the first release […]
07/06/2024

Euro Shrugs as ECB Lowers Rates to 3.75%

The euro is drifting on Friday. EUR/USD is trading at 1.0892 in the European session, up 0.04% on the day. We could see some movement from the euro in the North American session, with the release of US nonfarm payrolls. ECB cuts, but no commitments to continue The ECB pressed the rate-cut trigger on Thursday […]