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We’re on the cusp of the US election results. They’re starting to trickle in, pointing toward a more favourable outcome for the Republicans and Donald Trump. As a result, the so-called ‘Trump trade’ is in full swing this morning. The US yields are pushing higher on expectation of further debt ballooning under a Donald Trump […]

The post Trump Trade in Full Swing appeared first on Action Forex.

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30/08/2024

XAU/USD Outlook: Gold Trading in Narrow Range

Gold keeps firm tone and holding near new all-time high on Friday, awaiting release of US PCE data (due later today) for fresh signals. The metal remains well supported by strong demand (as safe haven as well as large purchases by central banks), geopolitical tensions and strong expectations for Fed’s first rate cut in September. […]
22/08/2024

A Questionable Reaction to the Big BLS Revision

The minutes from the latest FOMC meeting showed yesterday that ‘several’ Federal Reserve (Fed) officials were ready to cut rates at the June meeting, while ‘vast majority’ of them were convinced that September would be a good time to start cutting. Some officials were concerned that cutting the rates prematurely could risk reversing the progress […]
19/09/2024

NZDUSD Leads the Pack as FOMC Rate Decision Looms

NZDUSD bulls retake control; fight for a close above 20-SMA Short-term bias is positive, but there are more obstacles on the upside NZDUSD is a top performer today as investors are actively waiting for the Fed’s rate decision. The pair picked up positive momentum above its 20-day simple moving average (SMA) at 0.6195, which has […]