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Gold unlocks fresh all-time high Bullish wave could stabilize, but perhaps temporarily Gold has been in an uninterrupted record rally over the past week, ticking to a new high of 2,304 before losing some steam early on Thursday. While investors continue to debate the longevity of the bullish wave as the rate cut scenario remains […]

The post Gold Rally Turns Golden After Another Record appeared first on Action Forex.

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08/12/2023

Despite Strong USD Spike after NFP Report, Bitcoin Remains in Uptrend

US jobs data for November comes out 199K vs 184K expected. Unemployment rate changed from 3.9% to 3.7%. It appears that what CPI did a month back, the NFP takes it all back on the euro. Some stops must have been cleared out, so possibly that’s a perfect price area for market to stabilize at […]
17/07/2024

RBNZ to Deliver Some Pre-Xmas Cheer in November

Today’s CPI showed some welcome reduction in headline inflation. Services sector inflation is easing only gradually. Recent activity data has suggested recessionary conditions for a few months now. The RBNZ indicated an openness to tempering the restrictiveness of conditions in July – today’s data gives them room to act on that strategy. We now see […]
19/04/2024

Commodity Currencies at Strategic Levels. What Can Affect a Breakdown Downwards?

The decline in investor expectations regarding a change in the vector of the Fed’s monetary policy contributes to the fall of not only European, but also commodity currencies. So, in recent weeks: AUD/USD has lost more than 200 points and is testing the extremes of 2023 near 0.6400 USD/CAD is trading at three-year highs and […]