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Gold cracked psychological $2700 barrier and hit new historical high on Friday morning. Looser monetary policy conditions continue to support the price, along with growing nervousness over US election, with the latest threats of further escalation of the war in the Middle East, sparking increased demand for safe haven bullion. Fresh rise of gold price […]

The post XAU/USD Outlook: Gold Hits New Historical High Above Psychological $2700 Level appeared first on Action Forex.

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17/03/2024

Forex and Cryptocurrencies Forecast

EUR/USD: Stubborn Inflation Refuses to Back Down Market participants last week were keenly focused on inflation data from the US. The FOMC (Federal Open Market Committee) meeting of the Federal Reserve is scheduled for Wednesday, 20 March, and these figures will undoubtedly influence the Committee’s decision on interest rates. Federal Reserve Chairman Jerome Powell recently […]
03/12/2024

Swiss CPI stabilizes in Nov, but remains subdued at 0.7% yoy

Switzerland’s inflation data for November showed CPI falling -0.1% mom, matching expectations and mirroring October’s pace. Core CPI, which excludes volatile items like fresh and seasonal products, energy, and fuel, was flat on a monthly basis. Price movements showed domestic products falling -0.1% mom, while imported product prices dropped -0.4% mom. On an annual basis, […]
19/11/2024

Bitcoin Aiming for $110K

Market Picture The cryptocurrency market is down 0.5% in 24 hours to $3.08 trillion. The market has paused after rallying since the end of last week. Ethereum and Litecoin have pulled back from recent highs, while XRP is stabilising. Bitcoin and Solana are hovering near recent highs and are getting ready to update them. As […]