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Gold prices remain steady despite weak Chinese data, Risk-Off Start to the week. Market uncertainty and geopolitical tensions are supporting gold’s safe-haven appeal. Key support and resistance levels to watch are identified. Gold prices held steady this morning as weak Chinese data renewed market concerns and led to a risk-off start to the week. The […]

The post Gold (XAU/USD) Price Outlook: China Sends Mixed Signals Keeping Gold Prices Steady appeared first on Action Forex.

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17/10/2024

Dollar Outlook: Continues to Advance on Cooling Fed Rate Cut Bets, Trump Election Victory Expectations

The Dollar continues to trend higher against the basket of its major counterparts and trades at the highest since early August during European session on Thursday. Possibility of election win by Republican candidate Donald Trump and negative impact of recent upbeat US economic data to further Fed rate cut expectations, were the key factors to […]
28/06/2024

Cliff Notes: The Slow Grind

Key insights from the week that was. In Australia, the release of the week was certainly the Monthly CPI Indicator for May which reported a lift in headline inflation from 3.6%yr in April to 4.0%yr – as Westpac forecast – and a lift in the annual trimmed mean from 4.1%yr to 4.4%yr. Being the mid-month […]
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 […]