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Fed policymakers maintain a dovish stance, and market participants are pricing in a potential 50 basis point rate cut in November. The US dollar hit a fresh YTD low, while Gold and Silver continued to advance. The week ahead features key data releases, including Eurozone inflation and US nonfarm payrolls, which could shape central bank […]

The post Markets Weekly Outlook – Will the NFP Report Validate Rate Cut Optimism? appeared first on Action Forex.

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U.S. Personal Income and Spending Grow Less Than Expected in August

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U.S. Unemployment Rate Likely Inched Higher in September

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04/09/2024

Bad News is Bad News

September began on an ugly note, to say the least. The US equities tumbled after the latest ISM data showed a fifth month of contraction in the US manufacturing, and at accelerated pace. The latter revived the recession worries ahead of this week’s critical US jobs data, and sent the S&P500 more than 2% down. […]
27/03/2024

Gold Price Could Resume Rally Unless This Level Gives Way

Key Highlights Gold rallied above the $2,150 and $2,170 resistance levels. A key contracting triangle is forming with support at $2,160 on the 4-hour chart. EUR/USD struggled to continue higher above the 1.0865 resistance. Bitcoin price regained strength for a move above the $70,000 resistance. Gold Price Technical Analysis Gold prices started a fresh increase […]
08/10/2024

China Disappoints, Middle East Worries

The week started on an ugly note except for those who have a long exposure to energy related assets. The crumbling dovish Federal Reserve (Fed) expectations at the wake of a blowout jobs report from the US and the mounting geopolitical tensions in the Middle East give investors a hard time at the start of […]