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Markets Core bonds fell on each and every day last week, including on Friday. Weekly gains for US yields varied between 17.6 bps (30-y) to 27.9 bps (5-y). German rates added between 14.7 and 19.1 bps in a curve move similar to the US. Real yields accounted for the bulk of the move. Note however […]

The post This Week is Jampacked with Central Bank Meetings appeared first on Action Forex.

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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 […]
13/09/2024

XAU/USD Outlook: Gold Extends Its Sharp Rally into Uncharted Territory and Approaches $2,600 Target

Gold continued to trend higher on Friday and hit new all-time highs, being the top performer in the market for the second consecutive day and on track for a weekly gain of around 3.3%. Fresh acceleration higher was sparked by almost certain Fed rate cut next week, with renewed rise in expectations for more aggressive […]
02/05/2024

Gold Price Could Restart Increase Above This Resistance

Key Highlights Gold started a downside correction and traded below $2,350. A connecting bearish trend line is forming with resistance at $2,325 on the 4-hour chart. Oil prices extended losses but remained stable above $80.00. Bitcoin price traded to a new weekly low below $60,000. Gold Price Technical Analysis Gold prices started a downside correction […]