Logo-color Logo-white

As the XAG/USD chart indicates today, the price of silver has dropped by over 5% in the past week. Bearish signs are also evident in the price of gold. According to Reuters, market participants are focusing on a series of economic data set to be released this week, which could influence expectations regarding a potential […]

The post XAG/USD Analysis: Bulls May Target $30 Again appeared first on Action Forex.

previous

Short Term Elliott Wave Sequence in GBPJPY Calling Further Upside

next

US: Manufacturing Index Shows Contraction Eextends into August 

Read More

08/06/2024

Weekly Focus – ECB in No Rush to Commit to Further Ccuts

The ECB delivered the widely anticipated first 25bp rate cut but kept its forward-looking guidance vague. Lagarde noted there was a ‘strong likelihood’ the ECB would dial back the restrictiveness of their monetary policy going forward but was not ready to pre-commit or even discuss the possible timing of the next cut. The updated economic […]
30/01/2024

Sunset Market Commentary

Markets There were few data to inspire global trading today. With policy meetings scheduled on Wednesday and on Thursday, Fed and BoE MPC members currently also abstain from comments on monetary policy. Luckily, ECB governors are again free to speak and temporarily have some kind of monopoly in setting sentiment. Looking at the comments post […]
08/04/2024

XAU/USD: Gold Hits New Record High Above $2,300

Gold continues to trend higher and posted new record high ($2354) in early Monday trading, in extension of last week’s 4% advance, which generated strong bullish signal on weekly close above psychological $2300 barrier. The metal remains well supported by strong safe-haven demand, as well as expectations that the Fed will cut rates (as early […]