Logo-color Logo-white

Gold keeps firm tone and consolidating under new record high ($2531) posted on Tuesday, with third consecutive daily close above $2500 level, pointing to clear break. The yellow metal holds in a steep multi-month uptrend and has registered gains of nearly 22% since the start of the year. Strong migration into safety on Fed rate […]

The post XAU/USD Outlook: Gold Price Consolidating Under New Record High, Ahead FOMC Minutes appeared first on Action Forex.

previous

USDJPY Rises But Still in Negative Territory

next

Gold Bulls May Rest after Record High

Read More

18/03/2024

USD/JPY: JPY Plummeted, Ignoring the Possibility of a More Hawkish BoJ

The price actions of the USD/JPY have reacted negatively right below the 150.70 key resistance as highlighted in our previous analysis and shed -435 pips/-2.9% to print a recent intraday low of 146.48 on 8 March. Thereafter, the USD/JPY has drifted higher to trade back above the 148.00 psychological level in light of the “not […]
14/09/2024

The Weekly Bottom Line: Here Comes the Cut

U.S. Highlights Markets have been weighing the prospect that the Federal Reserve will opt for a 0.5 percentage point cut in the federal funds rate next week. Core consumer price index inflation surprised to the upside, lifted by a strong print from owners’ equivalent rent. The breadth of inflation continues to gradually narrow, but a […]
28/06/2024

Week Ahead – French and UK Elections on the Horizon, US Jobs Report Eyed Too

France and UK go to the polls; will elections bring chaos or order? US payrolls report for June awaited as Fed hawks don’t budge Eurozone CPI, Fed minutes and ECB forum also on investors’ radar Macron’s gamble set to backfire Political risks came back to haunt the euro in June as the resurgence in popularity […]