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Gold opens near Friday’s closing price as safe-haven demand stabilizes Bulls wait for a break above 2,430; Bears anticipate a drop below 2,325 It was a harsh weekend, as Iran’s retaliatory missile and drone attack against Israel sparked concerns of global conflict. But Israel successfully blocked the airstrike from a distance a distance, averting another […]

The post Gold in a Wait-and-See Mode appeared first on Action Forex.

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28/03/2024

A First Fed Rate Cut in June Seems Highly Premature

Markets German Bunds outperformed US Treasuries yesterday on milder than expected Spanish CPI and soft comments from Italian ECB board member Cipollone. He suggested that the ECB might be able to reduce rates swiftly as the to give the economy a chance to recover as inflation eases. German yields declined between 5.8 bps (5 & […]
28/06/2024

When Stars Collide

This week’s inflation data was in line with Westpac’s expectations. But what matters is whether the RBA was surprised. We do not think it was, and note that despite personnel changes, the RBA’s analysis and strategy have not changed. This week’s inflation data were not a surprise to the Westpac Economics team and so did […]
10/01/2024

Inflation in Australia Continues To Decline. AUD/USD Tests Important Support

Data today from the Australian Bureau of Statistics on Wednesday showed the monthly consumer price index (CPI) rose 4.3% year-on-year in November, the slowest pace since January 2022. Value a month earlier = 4.9%. Market forecasts = 4.4%. This strengthened market expectations that interest rates would not have to rise further. Although the head of […]