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Gold prices are holding steady near $2,650 in Asian trading on Monday, despite positive market sentiment from China’s new stimulus measures. Traders are hesitant to make any big moves before the speech from US Federal Reserve (Fed) Chairman Jerome Powell later today. Powell didn’t touch on the economy or monetary policy in his last speech, […]

The post How is Gold Prepping for NFP? appeared first on Action Forex.

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05/07/2024

Week Ahead – Round Two of French Elections, Powell Testimony and US CPI

French parties race to block Le Pen’s RN Powell testifies before Senate Banking Committee US CPI data to shake Fed rate cut bets RBNZ to leave OCR untouched, focus on language Euro traders keep gaze locked on French election Traders will be sitting on the edge of their seats on Sunday, in anticipation of Monday’s […]
12/04/2024

US DJIA Technical: Major US Banks’ Q1 Earnings in Focus Over Adverse Macro Factors

Three major US banks; JPMorgan Chase, Citigroup, and Wells Fargo will report their Q1 2024 earnings results today. JPMorgan Chase is ranked 13th in terms of component weightage in the DJIA. Analysts’ Q1 earnings estimates for these three US banks have been lowered which increases the possibility of positive earnings surprises. Technical analysis suggests a […]
29/08/2024

Weak German Inflation vs Healthy US Data

Germany data German inflation is slowing more than expected. According to a preliminary estimate from Destatis, the consumer price index fell 0.1% in August, and annual inflation slowed to 1.9%, compared to 2.3% in the previous month and the 2.1% expected. Germany released state-specific data later in the day, and the weak readings put pressure […]