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Gold started the week with new highs and ended the week with a 1.3% gain, digesting a 2% dip on profit-taking following the Fed’s rate decision. The loosening of monetary policy by more than economists had expected and forecasts of further active cuts brought back appetite for risk assets. However, the turnaround in US 10-year […]

The post Gold Terminates the Last Sceptics appeared first on Action Forex.

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Weekly Focus – Fed Initiating the Easing Cycle with 50bp Cut

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20/12/2023

GBP/USD Deflated By Softer Than Expected UK November Inflation Data

Cable dropped on Wednesday morning on softer than expected UK November inflation, losing around 0.4% after data release. Stronger than expected drop in consumer prices adds support to rate cut scenario, making pound less attractive, though latest comments from BOE’s deputy governor about keeping restrictive policy for some time, may partially offset impact from inflation […]
04/04/2024

US Stock Market Awaits the Publication of NFP And Unemployment Data

Important events of this week for investors and traders in the US stock market could be the employment news, which will be published tomorrow at 15:30 GMT+3: → non-Farm Payrolls (NFP) report for March. According to CNN, analysts expect nonfarm payrolls to rise by 192,500 in March. NFP for February was 275,000, according to FactSet. […]
15/02/2024

GBP/JPY – Eases From Fighs After Weaker UK Inflation Data

UK inflation unchanged in January Markets expect BoE rate cut in Q2 GBPJPY pares gains after hitting 8.5 year high UK inflation data this morning will have been a welcome surprise for the Bank of England but there’s still a long way to go. Unfavorable base effects were expected to lift headline and core CPI […]