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Dollar’s recovery pauses after NFP and ISM data Investors continue to price in aggressive rate cuts by the Fed Attention now turns to CPI inflation on Thursday, at 13:30 GMT Will the dollar resume its upside trajectory? Friday’s data halt the dollar’s rebound The dollar entered the new year on a strong footing, but soon […]

The post Will US CPIs Help Dollar Extend Its Recovery? appeared first on Action Forex.

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18/06/2024

Sunset Market Commentary

Markets European markets for the second consecutive day enjoyed an interludium of calm after last week’s turbulence. There was little ‘new news’ from the political scene in France. Jordan Bardella of the far right Rassemblement National (RN) in an interview said his party needs an absolute majority in order to realize its program. At the […]
19/08/2024

Gold (XAU/USD) Eyes Consolidation Above $2500/oz. Will Bulls Hold the Line?

Gold prices surpassed the $2500/oz level on Friday despite a decrease in the likelihood of a 50 bps cut at the Federal Reserve’s September meeting. The rally in gold prices is attributed to dovish remarks by Federal Reserve policymakers and concerns over rising tensions in the Middle East. From a technical standpoint, the weekly chart […]
14/03/2024

Gold Regains Traction After a Shallow Pullback as June Rate Cut Expectations Remain in Play

Gold price rose on Wednesday, reversing a part of Tuesday’s 1.1% drop, sparked by hotter-than-expected US inflation data, which temporarily cooled expectations for rate cut in June. Fresh gains suggest that markets believe, after digesting the data, that elevated inflation won’t have stronger negative impact on current expectations for the start of monetary policy easing. […]