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Gold is trading higher again today Volatility is high ahead of key US data prints Momentum indicators remain bullish Gold is trading higher again today, recording a new all-time high, following a very strong performance on Tuesday. This move could be attributed to the dollar being slightly on the back foot today, but, most likely, […]

The post Gold Rallies Ahead of Key US Events appeared first on Action Forex.

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09/09/2024

Low Spirits

Last week ended on an ugly note, really, as the jobs data from the US revealed throughout the week was weak, but maybe not weak enough to tilt the Federal Reserve (Fed) expectations toward a clear direction. Job openings fell more than expected, and Friday’s official data showed that hirings rebounded in August, though not […]
06/04/2024

Weekly Economic & Financial Commentary: Strong Jobs Numbers Diminish Urgency for Rate Cuts

Summary United States: Strong Jobs Numbers Diminish Urgency for Rate Cuts Nonfarm payrolls expanded 303K in March, surpassing all estimates submitted to Bloomberg. The continued strength in hiring suggests less urgency for policymakers at the Federal Reserve to lower the target range of the fed funds rate. Recent comments from FOMC members have homed in […]
29/11/2023

USDJPY Bears Face Their Most Crucial Test So Far

USDJPY continues its decent downtrend It now tests the support set by the 100-day SMA Momentum indicators support the current move USDJPY is again lower today, recording its fifth consecutive red candle for the first time since the July correction. It is now testing the support set by the 100-day simple moving average (SMA) and […]