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Gold outperforms other asset classes; provides protection against risk events Tailwinds could persist as Q4 agenda includes US election, Fed policy, and geopolitical risks Technical outlook remains positive; another bull run could commence Previously in Q3 It’s a golden age for gold which has been exhibiting an unprecedented performance so far this year, adding another 14% […]

The post What’s in Store for Gold in Q4? appeared first on Action Forex.

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05/07/2024

Canada’s Job Market Softens Further in June

Canadian employment was essentially unchanged in June (-1.6k), disappointing expectations for a modest 25k gain. Job losses were once again in full-time positions (-3.4k), while part-time jobs rose only slightly (1.9k). As a result, the unemployment rate rose two tenths to 6.4%, thanks to healthy growth in the labour force (+40.4k). However, that was not […]
09/04/2024

Yen Weakens Amid Intervention Concerns and Interest Rate Differentials

The Japanese yen is experiencing a notable decline against the US dollar, with the USD/JPY pair currently hovering around 151.88 on Tuesday. Despite the US dollar’s instability, driven primarily by fluctuations in Treasury bond yields, the yen faces significant downward pressure. Market participants remain cautious, particularly as the USD/JPY pair approaches levels that had previously […]
05/11/2024

BTCUSD Challenges Resistance at 20-SMA

BTCUSD capped by its 20-period SMA at 68,625. Price trapped in short-term bearish channel A surge above 70,000 could shift the bias to positive BTCUSD (Bitcoin) has been sailing in choppy waters since the peak at a seven-month high of 73,609 recently finding a footing at the lower boundary of a bearish channel in the four-hour chart. As Election Day […]