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Gold price started a fresh increase above the $2,335 resistance level. Crude oil prices are gaining bullish momentum and might rise toward $82.50. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a decent increase from the $2,300 zone against the US Dollar. A connecting bullish trend line is forming with support […]

The post Market Analysis: Gold Price and Crude Oil Price Turn Green appeared first on Action Forex.

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31/05/2024

U.S. Consumer Spending and Income Slow in April

Personal income slowed to 0.3% month-on-month (m/m) in April, down from March’s 0.5% gain, but in line with market expectations . Accounting for inflation and taxes, real personal disposable income declined -0.1% m/m in April, reversing all of last month’s gain. Personal consumption expenditures rose by 0.2% m/m. This is lower than the revised 0.7% […]
21/12/2023

CHFJPY Pulls Back From Record Highs

CHFJPY has lost some ground over the last month Yet, overall picture remains overwhelmingly positive Decisive break below 160 level needed to change that CHFJPY suffered a minor retreat in recent weeks, after hitting a record high back in November. That said, the structure of higher highs and higher lows remains in force, which suggests […]
26/04/2024

Week Ahead – Hawkish Risk as Fed and NFP on Tap, Eurozone Data Eyed Too

Fed meets on Wednesday as US inflation stays elevated Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the euro Chinese PMIs and New Zealand employment to be watched too Will the Fed put rate cut hopes in more peril? The upcoming week […]