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Gold extends narrow horizontal move above $2,630 Buying sentiment could stay muted below $2,680 Gold remained indecisive within its ten-day tight range on Monday, unable to close above $2,650 despite Friday’s upbeat US jobs data and the recent geopolitical turmoil in the Middle East and South Korea. Technically, the safe-haven metal survived another drop below […]

The post Gold Moves at a Steady Boring Clip appeared first on Action Forex.

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26/11/2024

AUD/JPY Technical: Trump Trade Tariffs Tantrum May Spark a Sell-off Yen Cross Pairs

US President-elect Trump used his Truth Social network to announce his latest tariff threats. Trump vowed to impose 10% additional tariffs on China exports to the US and 25% tariffs on all products from Mexico and Canada. The recent two-month rally seen in AUD/JPY has flashed out bearish technical elements. The financial market has managed […]
31/10/2024

Bank of Japan Delivered Much-Anticipated Status Quo

Markets “Overall borrowing between 2024-25 and 2028-29 is higher than the March forecast by £142.2 billion, an average of £28.4 billion a year. This represents one of the largest fiscal loosenings of any fiscal event in recent decades.” It’s the UK Office for Budget Responsibility’s summary of Chancellor Reeves autumn Budget yesterday. UK gilts initially […]
08/01/2024

USD/JPY Edges Lower Ahead of Tokyo Core CPI

US nonfarm payrolls rise more than expected to 216,000 Tokyo Core CPI expected to ease to 2.1% The Japanese yen has started the week with slight gains and is trading at 144.39 in the European session, up 0.16%. It was a rough week for the yen, which declined 2.5% against the US dollar, which has […]