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Market picture Polls and forecasts have yet to produce a clear frontrunner in the US presidential race. In recent days, there has been a widespread view that markets are pricing in a Trump victory, but for many investors it is too close to call, increasing the potential for movement when the results are announced. Remember […]

The post How Markets Will React to US Election Results appeared first on Action Forex.

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Gold Leaps Ahead: Are More Gains on the Horizon?

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07/09/2024

The Weekly Bottom Line: With Employment Slowing, The Time to Cut is Here

U.S. Highlights The U.S. added fewer jobs than expected in August, even as wage growth accelerated, and the unemployment rate edged down. Additionally, JOLTS data pointed to lower job openings, suggesting that the U.S. labor market continued to cool. Fed Governor Williams stated that the time had come for less restrictive monetary policy but remained […]
04/04/2024

AUDUSD Continues the Bounce Off 0.6475 Mark

AUDUSD holds within trading range Prices rise above SMAs RSI indicates more gains AUDUSD is surging after the rebound off the 0.6475 support level, surpassing the simple moving averages (SMAs) and extending its move towards the 0.6633 barrier, which is acting as the upper boundary of a short-term sideways channel. According to technical oscillators, the […]
19/11/2024

San Francisco Fed Economists Said US Labor Market Still Adding to Inflationary Pressures

Markets US Treasuries followed last week’s recipe. Testing the recent low (area; depending on the maturity), but eventually rebounding higher. This time without strong trigger though like Thursday’s Powell speech or Friday’s retail sales. The move seemed more erratic in nature. Timing didn’t fit with the release of second-tier, but consensus-beating US figures. NY Fed […]