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In focus today Today, we look out for German industrial production data for February, which will give more information on the state of the German industry that is still very weak. The first round of the central wage settlement in Norway is now underway. The framework for the settlement in the manufacturing sector is stated […]

The post Will German Industry Continue to Look Weak appeared first on Action Forex.

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Gold Hits New Record High Amid Favourable Factors

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13/12/2023

CADCHF Wave Analysis

CADCHF reversed from resistance level 0.6490 Likely to support level 0.6410 CADCHF currency pair recently reversed down from the strong resistance level 0.6490 (former strong support from October) intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 0.64879 stopped the previous minor correction ii. Given the predominant daily downtrend, CADCHF […]
04/05/2024

Weekly Economic & Financial Commentary: Yen Falls to 34-Year Low, Prompting Possible BoJ Intervention

Summary United States: April Brings Signs of Cooling in Economic Growth Q2 began on a softer note. Employment growth was sturdy in April, but the 175K jobs added was the smallest gain since October. The below-consensus gain was accompanied by an increase in the unemployment rate, which rose to 3.9%. Meanwhile, an unexpected acceleration in […]
15/04/2024

Gold Technical: At Risk of Mean Reversion Corrective Decline After 19% Gain

Commitments of Traders aggregate net bullish open positions of large speculators in the Gold futures market have flashed a bearish contrarian condition. The recent rally in Gold (XAU/USD) has been primarily driven by an increase in geopolitical risk premium arising from Middle East tensions. A lack of fresh catalysts after the latest Iran retaliation offensive […]