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Gold price gains ground near $2,065 during the early Asian session on Tuesday. The US Chicago Purchasing Managers’ Index (PMI) arrived at 46.9 in December vs. 55.8 prior, worse than expected. The chairman of the Chinese Communist Party Xi Jinping made vague comments about supporting the economy. The US S&P Global Manufacturing PMI is due […]

The post Gold Price Forecast: XAU/USD Holds Positive Ground Above $2,060, Focus on US PMI Data appeared first on Action Forex.

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14/06/2024

Week Ahead – RBA, SNB and BoE Next to Secide, CPI and PMI Data Also on Tap

It will be another central-bank-heavy week with the RBA, SNB and BoE None are expected to cut but there’s room for surprises Retail sales will be the highlight in the United States Plenty of other data also on the way, including flash PMIs and UK CPI RBA is in a pickle The Reserve Bank of […]
10/07/2024

Fed Chair Explicitly Said He Didn’t Intend to Give Any Rate Timing Signals

Markets Fed Chair Powell before Congress yesterday reiterated that the US economy is coming into better balance. It made considerable progress toward the Fed’s 2% target. The labour market has cooled but remains strong. Even so, data still have to provide the MPC greater confidence that inflation is sustainably moving to target. Recent readings showed […]
15/04/2024

NZ Dollar Slides to Five-Month Low

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