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This week’s data showed continued growth in the US and euro area in Q3, with the US GDP rising 2.8% q/q SAAR and euro area GDP increasing 0.4% q/q, surpassing expectations. Growth in the euro area was influenced by the Olympics in France and a revision of Germany’s Q2 GDP. Without these factors, growth in […]

The post Weekly Focus – All Eyes on US Election and Central Banks appeared first on Action Forex.

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29/07/2024

USD/JPY Looking for Direction

The Japanese yen continues to show volatility but has closed right where it started over the past few sessions. USD/JPY is trading at 153.65 in the European session, up 0.04% on the day. The yen is coming off an excellent week, surging 2.3% against the US dollar. We’re unlikely to see much movement from the […]
05/07/2024

Market Analysis: Gold and Oil Prices Soar, More Gains Ahead?

Gold price started a fresh increase above the $2,342 resistance level. Crude oil prices are gaining bullish momentum and might soon test $85.00. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a steady increase from the $2,320 zone against the US Dollar. A connecting bullish trend line is forming with support […]
21/11/2024

US Money Markets Now Put Probability of 25 bps Fed Rate Cut in December at Only 50%

Markets Geopolitical developments keep hijacking headlines. Risk sentiment improved at the start of yesterday’s trading session on talk that Russian president Putin would be open to talks on a ceasefire deal in Ukraine with the US. The optimism quickly evaporated after the Biden administration decided to give Ukraine antipersonnel mines and after Ukraine deployed first […]