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Stellar year for US stock markets, fueled by ‘soft landing’ hopes Can the rally persist in 2024, despite high valuations and election uncertainty? European valuations are much cheaper, partly reflecting recession concerns US stocks race higher, but tougher environment ahead It’s been a sensational year for US equity markets. The S&P 500 has risen more […]

The post Stock Market Outlook 2024: Soft Landings, Rate Cuts, and Elections appeared first on Action Forex.

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26/07/2024

Gold Technical: Recent Sell-off May Have Reached a Potential Bullish Reversal Level at US$2,353

The recent weakness seen in Gold (XAU/USD) is likely to be driven by US politics as the “Gold premium” has moved in synch with the betting odds of Republican nominee Trump winning the US Presidential Election. The US Treasury market is likely to take a driver’s seat now as the focus returns to the monetary […]
31/01/2024

XAUUSD: Review of Recent Price Action

Gold prices, stable above $2,000 per ounce, commenced the week on an uptrend driven by a rallying US dollar and anticipation surrounding the upcoming Federal Reserve meeting. Analysts highlight that the market is keen on the Fed’s signals for the coming months rather than immediate announcements. Gold touched $2,037 per ounce, holding near this level […]
16/07/2024

XAU/USD: Gold Advances Further on Powell’s Dovish Stance

Gold price rose further in early Tuesday following more dovish tones from Fed Powell in his speech on Monday, which contributes to growing expectations that the Fed may soon decide to start cutting interest rates. Powell pointed to the recent inflation data which boost optimism that inflation remains on track towards 2% target, fueling hopes […]