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Markets And the summer slide continues. Core bond yields yesterday dropped another 2.7-10.8 bps in the US & 4.9-7.8 bps in Germany. The front outperformed after a series of US economic data disappointed across the board. Weekly jobless claims rose to the highest in 11 months, Q2 unit labor costs eased sharply to 0.9% and […]

The post Dollar Story a Nuanced One, UST Outperformance More Than Offset by Risk-off on Equity Markets appeared first on Action Forex.

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29/11/2023

Gold Surges on the Back of Dovish Fed Comments

On Tuesday, gold (XAU) rose towards 2,050, reaching its highest point in almost seven months. The increase happened primarily due to a significant drop in the U.S. dollar following dovish comments from Federal Reserve (Fed) officials. Possible effects for traders The Federal Reserve (Fed) Governor Christopher Waller noted that the existing monetary policy is sufficiently […]
26/08/2024

Gold Wave Analysis

Gold reversed from key support level 2475.00 Likely to rise to resistance level 2535.00 Gold just reversed up from the key support level 2475.00 (former strong resistance which stopped the previous impulse waves (i) and i) coinciding with the 38.2% Fibonacci correction of the previous sharp upward impulse from the start of August. The upward […]
12/04/2024

Gold Price Hits New High While Crude Oil Price Consolidates

Gold price surged toward the $2,400 zone and traded to a new all-time high. Crude oil is attempting a fresh increase above the $85.00 zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a strong increase above the $2,350 zone against the US Dollar. It broke a key bearish trend line […]