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Gold price eased on Friday after the metal hit new record high on Thursday, with end-of-week partial profit taking being behind the move. Pullback was so far shallow and the price unlikely to make a stronger dip, but rather consolidation and positioning for fresh push higher. Sentiment remains firmly bullish in current circumstances of growing […]

The post Gold Outlook: Limited Pullback from New Record High to Precede Final Attack at $2,700 Target appeared first on Action Forex.

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26/03/2024

Fed Speakers Covered Full Spectrum of Intra-FOMC Views

Markets In a more or less synchronic, technically inspired move US, EMU and UK bond markets reversed most of Friday’s rally. Eco data were few and mostly second tier. Marginally softer-than-expected US new homes sales (-0,3% M/M) had little impact on trading. Fed speakers covered the full spectrum of intra-FOMC views. Fed’s Goolsbee supports the […]
26/06/2024

Market Analysis: EUR/USD Struggles To Recover While USD/CHF Rallies

EUR/USD is attempting a recovery wave from the 1.0675 zone. USD/CHF climbed higher above 0.8900 and might extend gains in the near term. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro declined toward 1.0675 before it started a recovery wave against the US Dollar. There is a key bullish trend line forming with […]
12/07/2024

Week Ahead – ECB Set to Hold Rates, Plethora of Data on the Way

ECB is not expected to cut in July but will it signal one for next meeting? Retail sales will be the main highlight in the United States UK CPI report will be vital for BoE’s August decision China GDP data to kickstart busy week ECB meets amid sticky inflation The European Central Bank concludes its […]