Logo-color Logo-white

Gold continued to trend higher on Friday and hit new all-time highs, being the top performer in the market for the second consecutive day and on track for a weekly gain of around 3.3%. Fresh acceleration higher was sparked by almost certain Fed rate cut next week, with renewed rise in expectations for more aggressive […]

The post XAU/USD Outlook: Gold Extends Its Sharp Rally into Uncharted Territory and Approaches $2,600 Target appeared first on Action Forex.

previous

The U.S. Fed Will Finally Start Cutting Interest Rates

next

Markets Weekly Outlook – Central Banks to Rule the Roost

Read More

13/08/2024

FTSE 100 Index Analysis

FTSE 100 index reversed from support zone Likely to rise to resistance level 8300.00 FTSE 100 index recently reversed up from the support area located between the pivotal support level 8050.00 (former monthly low from July), lower daily Bollinger Band and the support trendline of the daily down channel from May. This support area was […]
08/08/2024

Gold Outlook: Bounces as Bulls Regain Traction After Recent Fall

Gold regained traction and bounced on Thursday, following a sharp fall in past few days. Fresh strength signals that the situation is stabilizing after a turbulent period and broader bulls are about to re-take control. The yellow metal benefited from growing signals that the Fed will start cutting interest rates as from September, with US […]
23/04/2024

Japanese Yen Isn’t Impressed This Morning by Yet Another Verbal Intervention Warning

Markets German and EU swap rates yesterday tested YTD highs in absence of strong market drivers. These technical resistance levels stood their ground with rebounding stock markets (Nasdaq +1.1%) offering some counterweight as well. Unlike yesterday, today’s agenda could be an inspiring one both in EMU and in the US. April PMI confidence indicators are […]