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Gold enters uncharted territory twice in 2023 Fed policy to remain gold’s main driver in 2024 Industrial metals to stay locked on China Easing demand, OPEC+ supply, and geopolitics will shape crude oil Fed rate cut expectations fuel gold After a dull 2022, gold staged a decent comeback in 2023, entering uncharted territories twice and […]

The post Commodities Year Ahead 2024: Fed Policy to Drive Gold, Oil to Dance to Rhythm of OPEC+ appeared first on Action Forex.

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28/05/2024

GBP/USD Gains Momentum: Currency Pair on the Rise

Key Highlights GBP/USD is gaining bullish momentum above the 1.2700 zone. A key rising channel is forming with resistance at 1.2785 on the 4-hour chart. Gold price found support near the $2,320 zone and might attempt a fresh increase. Bitcoin price could rally if it clears the $72,000 resistance zone. GBP/USD Technical Analysis The British […]
19/03/2024

Another Downside Surprise in Canadian February CPI

Canadian CPI growth was lower than expected in February, dropping to 2.8% year-over-year from 2.9% in January (expectations were for a 3.1% reading.) The downside surprise was broad-based as core CPI ex-food and energy inflation eased further to 2.8% from 3.1% in January. Food and energy inflation were as expected – food CPI growth in […]
08/12/2023

NIKKEI Analysis: Japanese Stock Market Outlook

In the first half of 2023, the Japanese stock market was dominated by bullish sentiment due to (still) negative interest rates — while the rest of the G7 countries raised their rates to combat inflation. The NIKKEI-225 index grew by 30% in the first half of the year. But then the balance of supply and […]