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Markets Fed’s Powell’s semi-annual appearance before the Financial Services Committee of the House of Representative didn’t bring more specifics on the start of the Fed easing cycle s. The Fed Chair noticed considerable progress toward reaching the 2% goal and the Fed is likely to begin dialing back policy restraint at some point this year, […]

The post Japanese Wage Data and BoJ Comments Suggest Policy Change Coming Ever Closer appeared first on Action Forex.

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Gold Reaches Unprecedented High Amid Economic Uncertainties

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21/08/2024

Gold Bulls May Rest after Record High

Gold pulls below record high; might give up more ground Market trend stays positive as long as price holds above 2,463 Gold lost momentum after unlocking an all-time high of 2,531 on Tuesday near the rising constraining line drawn from July’s low, but it maintained its resilience above the 2,500 psychological number by the end of the […]
29/11/2023

Bullish Trend in AUDUSD Pauses But Remains Intact

The Australian dollar (AUD) gained 0.64% on Tuesday, as the U.S. dollar was weakening on fuelling expectations that the Federal Reserve (Fed) has finished hiking interest rates. Possible effects for traders AUD is a risk-sensitive currency. Therefore, AUDUSD tends to rise when the market expects the end of monetary policy tightening and turns optimistic on […]
29/04/2024

EUR/USD Eyes Recovery But Faces Uphill Task

Key Highlights EUR/USD started a recovery wave from the 1.0600 zone. A key bullish trend line is forming with support at 1.0680 on the 4-hour chart. GBP/USD is eyeing an upside break above the 1.2550 resistance zone. Gold prices are consolidating near the $2,320 zone. EUR/USD Technical Analysis The Euro extended its decline below the […]