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As shown by the daily XAU/USD chart: → Since November 2022, the price has been moving in an upward channel, marked in orange; → Since the start of 2024, the price has risen by approximately 12.5%. What are the gold price forecasts for the end of 2024? According to Investing.com, Georgette Boele, a senior sustainability […]

The post Gold Price Prospects for H2 appeared first on Action Forex.

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06/09/2024

It’s P-Day Today

Markets The ADP job report yesterday produced the same price action seen in the wake of the US manufacturing ISM and US job openings. A below-consensus 99k for August and a downward revision to July’s report delivered another setback to yields. Outperformance at the front caused the 10-yr/2-yr spread to turn positive again only to […]
21/12/2023

BTC/USD: News Reports Encourage Bulls to Attack the $44k Level

Optimism associated with the SEC regulator’s approval of applications to launch BTC-ETF is the main driver of Bitcoin price growth. Coindesk reports that representatives from BlackRock, Nasdaq and the Securities and Exchange Commission (SEC) met for the second time in a month to discuss rule changes required for the listing of an exchange-traded BTC-ETF. And […]
17/05/2024

Pound Edges Lower, Markets Eye FedSpeak

The British pound is down slightly on Friday. GBP/USD is down 0.14%, trading at 1.2648 in the European session at the time of writing. It has been a good week for the pound, which has gained 1% against the US dollar. Wednesday’s inflation release showed CPI dipping in April, reversing the trend of the past […]