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Gold prices have soared to an all-time high of 2288.00 USD per troy ounce, while silver reached its highest in two years, driven by speculation surrounding the US Federal Reserve’s monetary policy. This surge followed comments from two Fed officials, Mary Daly of the FRB San Francisco and Loretta J. Mester of Cleveland. Both anticipate […]

The post Gold Hits Record High; Silver Peaks on Fed Rate Cut Speculation appeared first on Action Forex.

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08/02/2024

Euro Doesn’t Give the Impression to be Able to Really Profit from (Temporary) USD Softness

Markets US and European bond yields both ‘rebounded’ 2-3 bps yesterday after Tuesday correction. YTD peak which came within reach after Monday’s strong US services ISM for now prove to be a too high hurdle. Fed Speakers (Kugler, Collins, Barkin, Kashkari) gave small nuances on the mantra that inflation is cooling, but that more evidence […]
09/01/2024

Dollar and Euro Keep Each Other Balanced

Markets The recent core bond yield recovery ran into resistance yesterday and that had knock-on effects on other markets. Equity markets in particular enjoyed a nice run. The EuroStoxx50 ended about 0.5% higher but that followed a 1% intraday rise. The tech-heavy Nasdaq on Wall Street posted 2% gains. As for yields, they finished 1-2.7 […]
26/04/2024

Cliff Notes: Inflation Risks Linger

Key insights from the week that was. In Australia, the Q1 CPI printed 1.0% (3.6%yr) for headline inflation and 1.0% (4.0%yr) for underlying trimmed mean inflation, meaningfully higher than consensus and likely the RBA’s view too, based on our assessment of its June 2024 forecast (3.3%yr headline, 3.6%yr trimmed mean). The latest update is consistent […]