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Gold regained traction after a $100 per ounce pullback from new record high last week and pressuring again psychological $2400 barrier. Overall sentiment remains positive as geopolitical tensions and fears that the conflict in the Middle East can escalate, continue to fuel safe-haven demand and offset pressure on metal’s price from higher dollar. Recent pullback, […]

The post XAU/USD: Gold Steadies Near $2,400 Barrier appeared first on Action Forex.

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10/09/2024

The Debate

The European and US indices rebounded on Monday, though the rebound was probably not based on high conviction, but looked more like the correction of last week’s decent selloff. The European Stoxx 600 rebounded to flirt with the 50-DMA resistance, but the investor confidence index unexpectedly worsened in September, the British FTSE 100 recorded the […]
04/06/2024

Ethereum’s Bull Pennant Needs Confirmation

Market picture The cryptocurrency market loses just over 0.5% in 24 hours, to $2.56 trillion. The moderate pressure is due to another failed attempt by Bitcoin to consolidate above $70K, which is now retreating 0.2%. Ethereum has pulled back 1.8% in the same time frame, while the top coins are moving without a single trend, […]
12/07/2024

Week Ahead – ECB Set to Hold Rates, Plethora of Data on the Way

ECB is not expected to cut in July but will it signal one for next meeting? Retail sales will be the main highlight in the United States UK CPI report will be vital for BoE’s August decision China GDP data to kickstart busy week ECB meets amid sticky inflation The European Central Bank concludes its […]