Logo-color Logo-white

Gold picks up steam towards a key resistance region ahead of US Independence day Short-term bias is positive, but an extension above 2,352 is necessary ISM services PMI, ADP employment, FOMC meeting minutes on the agenda Gold bulls returned with stronger positive momentum on Wednesday and hit an almost two-week high of 2,287. This came […]

The post Gold Retains Positive Attitude appeared first on Action Forex.

previous

Cable Ready to Correct Deeper Going into UK Elections

next

GBP/USD Outlook: Lifted Further by Better Than Expected UK PMI Data

Read More

07/06/2024

Time for the Spakfilla?

The national accounts confirmed that demand growth remained soft. Revisions to past tourism spending have no implications for future inflation but underline that weak supply is still an issue. This week’s national accounts confirm that the Australian economy is still soft. Domestic demand has limped along at a quarterly pace of 0.1–0.2% for a couple […]
09/09/2024

Gold Weakness Might Have Legs

Gold is trading lower today, but close to recent highs It failed to benefit from Friday’s negative stock market reaction Momentum indicators remain mixed Gold is trading lower again today, recording its second consecutive red candle, but remaining a tad below its recent all-time high of $2,532. Last Friday’s non-farm payrolls figure resulted in an […]
30/11/2023

Today OPEC+ May Announce New Oil Production Cuts

According to WSJ, the reduction could be 1 million barrels per day. Saudi Arabia is in favour of cuts, but the idea causes disagreements among other members of the organisation. In anticipation of news about the OPEC+ decision, the price of oil is rising – this indicates that market participants assess the possibility of new […]