Logo-color Logo-white

Gold posts bullish days Prices find support at 20-day SMA MACD and RSI in positive areas Gold prices are skyrocketing to another fresh all-time high today around 2,589.40 with the next major obstacle coming from the 2,600 round number. The price has recorded an aggressive buying interest over the last couple of days after the […]

The post Gold Flies to Fresh All-Time High Near 2,600 appeared first on Action Forex.

previous

It’s Central Bank Week

next

USDJPY Unlocks New 14-Month Low

Read More

28/08/2024

For Yields and Dollar Some Further Consolidation on the Cards

Markets Core interest rate markets yesterday tried to further build on a tentative pause/bottoming out process that started on Monday. With 100 bps Fed cuts discounted for this year and another 125 bps of reduction priced in for next year, markets for now apparently feel themselves as trading in line even with the new Fed […]
16/07/2024

China Q2 2024: Diverging Sectors and Risks

China’s Q2 activity data again highlighted disparate conditions across the economy. New industry continues to surge ahead, but the consumer is being left behind. China GDP disappointed in Q2, gaining 0.7% after a 1.6% increase in Q1. Year-to-date at June, growth of 5.0% is down from 5.3% in March, but still consistent with authorities ambitions […]
03/02/2024

Will Weak Jobs Data Prompt RBNZ to Drop Hiking Bias

RBNZ remains hawkish despite slowing inflation and weaker growth Investors price in 90bps rate cuts by the end of 2024 Focus turns to jobs data for Q4 on Tuesday at 21:45 Despite hawkish RBNZ, data drive investors to price in rate cuts At its November gathering, the RBNZ held its official cash rate (OCR) steady […]