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Gold switches to loses before reaching all-time high A consolidation phase likely in the short-term Gold felt Monday’s blues, retreating immediately toward its 20-day simple moving average (SMA) at 2,670 after five consecutive winning days. The pullback in the price is now raising concerns about whether the metal will form a lower high in the […]

The post Gold Stalls Near 2,700. Is It Losing Its Shine? appeared first on Action Forex.

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Crypto Recharged Over the Weekend

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26/04/2024

Cooler Bitcoin

Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to $2.37 trillion over the last 24 hours. After the halving, the bulls intensified their efforts to boost prices, but by the end of the week, the bears took the initiative. Bitcoin under pressure: Bitcoin has been losing value (0.7%) […]
26/03/2024

Japanese Yen Awaits Intervention Amid Weakness

The USD/JPY pair stabilised around 151.35 by Tuesday, not far from its recent peaks, as the weakness of the Japanese yen has prompted verbal interventions from Japanese authorities. Japan’s Finance Minister, Shunichi Suzuki, mentioned that measures to normalise the yen are quite likely. He cited excessive volatility as increasing uncertainty for the country’s trading partners […]
26/10/2024

Sunset Market Commentary

Markets German Bunds underperformed US Treasuries today. Yields added between up to 2.2 bps, the front end of the curve taking the lead. Yesterday’s PMI’s didn’t deliver a similar September-shocker and even offered a glimpse of hope for the battered German economy. That led some of the more hawkish ECB policymakers to come out of […]