Logo-color Logo-white

On Monday, a troy ounce of gold set a new price peak of 3438.00 USD. This surge was fuelled by renewed speculation about potential interest rate cuts by the US Federal Reserve, vigorous gold purchases by banks globally, and strong investor demand for safe-haven assets. Recent statistics indicating a slowdown in consumer inflation in the […]

The post Gold Hits New Record High appeared first on Action Forex.

previous

Gold Unlocks Another Record High

next

Will UK Inflation Corroborate a June BoE Rate Cut?

Read More

16/05/2024

Phew, Risk Rally On Post-US CPI

All’s well that ends well. US inflation came in line with expectations yesterday; core CPI fell for the first time in six months and the monthly CPI figure was a bit lower than expected. Cherry on top, retail sales stagnated in April and came to cement the idea that the US economy could be finally […]
17/04/2024

EUR/USD Nosedives While USD/JPY Extend Rally

EUR/USD started another decline and traded below 1.0700. USD/JPY surged and broke the 154.00 resistance zone. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline below the 1.0695 support zone. There was a break above a key bearish trend line with resistance at 1.0630 on the hourly chart of EUR/USD […]
11/05/2024

Weekly Economic & Financial Commentary: The Calm Before the Storm

Summary United States: The Calm Before the Storm Was it an unwillingness to share the limelight with the world’s central banks or just a quirk of the domestic economic calendar? Either way, it was an extraordinarily light week for U.S. economic data. Next week: Consumer Price Index (Wed.), Retail Sales (Wed.), Industrial Production (Thu.) International: […]