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According to confirmed information, Iranian President Ebrahim Raisi, considered a potential successor to the country’s supreme leader, Ayatollah Ali Khamenei, died in a helicopter crash in a mountainous area near the border with Azerbaijan. The helicopter also carried Foreign Minister Hossein Amir-Abdollahian and other officials, all of whom perished. As news of the helicopter search […]

The post Gold Price Reaches Historic High appeared first on Action Forex.

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03/04/2024

Gold Price XAU/USD Sets Another All-Time High

The XAU/USD gold chart today indicates that the price of the metal has exceeded USD 2,250 per ounce. Causes: → Geopolitical tensions. Military conflicts in Ukraine and the Middle East do not subside, the threat of terrorist attacks is growing, and new hot spots may appear on the world map. → Concerns about a new […]
16/08/2024

Cliff Notes: Labour Market Critical to the Medium-Term Outlook

Key insights from the week that was. In Australia, the week started on a slightly more positive note for consumers, with our Westpac-MI Consumer Sentiment Index showcasing a 2.8% bounce to 85.0 in August. The primary support was a significant improvement in households’ views and expectations around their finances, likely associated with the new financial […]
29/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Currency Index) chart currently exhibits a bullish overall momentum, indicating strength in the US Dollar. According to your analysis, there is potential for a bullish breakout through the 1st resistance level and a subsequent rise towards the 2nd resistance level. The 1st support level at 102.66 is considered significant for […]