Logo-color Logo-white

Gold price rose for the third consecutive day and came ticks ahead of new all-time high in early Wednesday’s trading. Markets await the release of US August CPI report to complete the picture ahead of Fed policy meeting next week. If Aug numbers come in line with expectations or better, it will signal that inflation […]

The post XAU/USD Outlook: Gold Price Nears Record High ahead of US Inflation Data appeared first on Action Forex.

previous

All Eyes on US CPI Today

next

EUR/USD Halted Its Decline: The Market Awaits US Inflation Data

Read More

14/05/2024

Ethereum Knocking at Support’s Door

Market picture Crypto market capitalisation rose 0.8% over the past 24 hours to 2.2 trillion, but growth exceeded 2% for most of the period. However, it dipped at the start of active European trading, temporarily returning to levels of a day ago. Bitcoin has added 0.9% over the past 24 hours, while Ethereum has increased […]
09/04/2024

Australian Dollar Extends Gains Despite Soft Confidence Data

The Australian dollar is in positive territory on Tuesday. In the European session, AUD/USD is trading at 0.6620, up 0.25%. Consumer confidence sags Australian consumers have been pessimistic about the economy and their mood soured even more in April. The Westpac consumer confidence index fell 2.4% to 82.4, well below the 100 line which separates […]
20/08/2024

As Crypto Market Tests Resistance, Solana Eyes Support

The cryptocurrency market is once again testing the important $2.15 trillion milestone, adding almost 4% in the last 24 hours. Selling pressure has been building near this level since early August. Now, thanks to the impressive recovery in stock indices, cryptocurrency buyers may feel more confident. Bitcoin, having added 3.2% since the start of the […]