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Markets At the moment of writing, the outcome of the US elections is still a developing story. The Republican Party regaining a 51+ majority in the Senate is definitively called. The battle for a House majority is still a close call. In the race for President, Trumping winning the battleground States of North Carolina and […]

The post Market Fully Resorting to Basics of Trump-Trade appeared first on Action Forex.

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Trump in the Lead – House Control Still Up in the Air

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26/04/2024

Gold Price Recovers Amid Uncertain US Economic Outlook

The price of a troy ounce of gold climbed to 2330.00 USD on Friday. This surge was driven by investors’ ongoing evaluation of the potential direction of the US Federal Reserve’s monetary policy following mixed macroeconomic data. The US GDP for Q1 did not meet expectations, marking the slowest recovery in two years. The economy […]
07/05/2024

We Now Expect Two Rate Cuts from Fed This Year

In focus today Today is a quiet day on the data front. In the euro area, focus is on March retail sales and German factory orders. Consumers are still cautious with spending amid low unemployment and rising real incomes so we expect muted spending. We revise our Fed call to 2 rate cuts of 25bp […]
20/12/2024

Brent Oil Under Pressure Again: USD and China in Focus

Brent crude oil prices fell below 73 USD per barrel on Friday, reflecting ongoing downward pressure. The market is poised to close the week with losses as a robust US dollar weighs heavily on commodity prices. This week, the US Federal Reserve signalled a measured approach to reducing borrowing costs in 2025, sending the US […]