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Markets More volatility: yes. More certainty on the outcome of next week’s Fed meeting: no. Friday’s nonfarm payrolls couldn’t settle the rate cut size debate (25 bps vs 50 bps). The forecasted decline in the US unemployment rate, from 4.3% to 4.2%, failed to break the real-time recession indicator (Sahm rule) that rang all the […]

The post More Volatility: Yes. More Certainty on Fed: No appeared first on Action Forex.

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XAU/USD Outlook: Gold Continues to Move Within Larger Range

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02/02/2024

USD/JPY Forms Another Bullish Pattern, US NFP Report Next

Key Highlights USD/JPY is correcting gains from the 148.80 resistance zone. A key bullish flag is forming with resistance near 147.80 on the 4-hour chart. EUR/USD is gaining bearish momentum below the 1.0820 support. Gold prices could attempt a steady increase above the $2,050 resistance. USD/JPY Technical Analysis The US Dollar rallied above the 146.20 […]
02/08/2024

USD/JPY – Surging Yen Improves to 15-week High

The Japanese yen continues to rally. USD/JPY is trading at 148.86 in the European session, down 0.31% on the day at the time of writing. On Thursday, the yen strengthened as much as 148.50, its best showing since May 11. Yen continues to pummel US dollar Only three weeks ago, the yen looked dead in […]
21/05/2024

Metals Shine

The week kicked off with quite a solid appetite, especially for commodities. Gold advanced to a fresh record and traded at $2450 per ounce yesterday despite a further rebound in US yields after more Federal Reserve (Fed) members voiced their preference for keeping the rates ‘high for longer’. Loretta Mester said that she no longer […]