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Gold has a cautious start to the new year Technical signals weaken but need confirmation Gold opened the new year with mild losses after its bullish attempts to close above the May 2023 bar of 2,079 proved fruitless in the last week of December. The price is currently trading muted slightly below the 23.6% Fibonacci […]

The post Gold Begins 2024 on a Weak Note appeared first on Action Forex.

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EUR/USD Edges Down to Near 1.0940 after German Employment Data, Focus Shifts to US Data

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03/04/2024

The ‘Two or Three’ Cut Debate Heats Up

Mood was down in Asia today as the strongest earthquake in 25 years led to halted operations in TSM and United Microelectronics. Elsewhere, major stock and bond markets in Europe and the US were painted in the red yesterday as well; rising oil and commodity prices fueled inflation expectations while further strength in the US […]
30/11/2023

EUR/GBP – Down for Sixth Day as Eurozone Inflation Falls Again

Eurozone HICP inflation 2.4% in October (2.9% in September, 2.7% expected) Eurozone core HICP inflation 3.6% in October (4.2% in September, 3.9% expected) EURGBP continues lower after bearish breakout on Monday Eurozone inflation fell much further than expected in October, leaving the headline HICP rate within touching distance of the ECB’s 2% target. While policymakers […]
12/08/2024

Research Japan: Hawkish BoJ Keen on More Hikes

The BoJ has taken up a much more aggressive strategy and we no longer expect them to wait for all the pieces to fall in place before tightening policies further. We expect the BoJ will hike its policy rate to 1% within the coming 12 months. The rate hike on 31 July was pivotal for […]