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In focus today In Germany, we receive the Ifo growth indicator for September. In August, the assessment of the business situation declined to the lowest level since Covid. We expect another benign print as the German economy continues to struggle with weak activity in the manufacturing sector. In the afternoon, we expect the Central Bank […]

The post China Announces Broad Monetary Stimulus appeared first on Action Forex.

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04/09/2024

Can Gold Prices Surge to New All-Time Highs by Year End?

Gold increases 21% so far this year US data and geopolitical tensions are driving gold Bigger picture remains strongly positive Gold still soaring in long-term view Gold has been performing remarkably well so far this year, with a gain of 21% and a record high of $2,531 on August 20. The impending release of US economic data, increased geopolitical tensions, and hints […]
27/08/2024

XAU/USD Outlook: Extended Consolidation Likely to Precede Fresh Acceleration Higher

  Gold edges lower on Tuesday morning after rally in past two days reaching levels ticks away from new record high ($2531). Traders show hesitation, keeping the price in extended consolidation, but demand for yellow metal remains strong, mainly due to weaker dollar on Fed rate cut signals and growing geopolitical tensions in the Middle […]
13/12/2023

BoE Policy Decision: Keep It Neutral As It Can Go

BoE to keep rates steady at 5.25% and stick to existing guidance Avoid rate cut signals as no press conference or new projections scheduled No rate cut surprises expected; UK economy is still resilient The Bank of England (BoE) will review its monetary policy during the last meeting of the year on Thursday after the […]