Logo-color Logo-white

Gold remains at the back foot at the start of the week, after Friday’s 0.8% drop and a weekly close below $2500. The metal’s price was deflated by US labor data on Friday, as employment increased below expectations but unexpected drop in jobless rate cooled fears about stronger weakness in the labor sector, contributing to […]

The post XAU/USD Outlook: Gold Continues to Move Within Larger Range appeared first on Action Forex.

previous

More Volatility: Yes. More Certainty on Fed: No

next

Could US CPI Tip the Balance in Favour of a 50bps Fed Rate Cut?

Read More

25/01/2024

Cliff Notes: Labour Demand and Investment Under Pressure

Key insights from the week that was. In Australia, the latest NAB business survey delivered another sombre update on the state of the domestic economy at the turn of the year – the “December” survey was in the field January 3-15. In an environment characterised by high inflation, elevated interest rates and weak consumer spending, […]
16/04/2024

EUR/USD: Limited Consolidation to Precede Fresh Push Lower

EURUSD edges higher from new 5 ½ month low 1.0602) on Tuesday, as strongly oversold daily studies prompted profit-taking. Near-term sentiment turned fully bearish, and the action weighed by a large weekly bearish candle (the par was down 1.8% last week). Upticks should provide better selling levels, with solid barriers at 1.0700 zone (former low […]
02/08/2024

Bank of England Joins Central Bank Rate Cut Club

Summary The Bank of England (BoE) joined the growing group of G10 central banks that have eased monetary policy, by delivering an initial 25 bps policy rate cut to 5.00% at today’s monetary policy announcement. The guidance from the BoE’s announcement was also somewhat cautious, for now likely arguing against a steady series of rate […]