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The week kicked off on a slightly positive note for European equities on continued expectations that the disinflationary impact of Trump’s trade policies would allow the European Central Bank (ECB) to give ample support to the underlying economies. But sentiment was much less bullish for US equities, which saw an initial drop on rising inflation […]

The post 100 Days in: Chaos, Confusion and Counting appeared first on Action Forex.

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AUD/USD Consolidates Gains While NZD/USD Dips

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16/12/2024

Gold Faces Rejection Near $2,720

Gold falls below $2,700 after double top Maintains neutrality within $2,540-$2,720 Gold came under renewed selling pressure after the bulls ran out of fuel marginally above the previous lower high of $2,721, unable to initiate a clear bullish reversal. Volatility was low during Monday’s early European trading hours, with the price being squeezed between the 20-day […]
13/09/2024

Gold Price Hits New Record

As shown by the XAU/USD chart: → Gold has reached a new all-time high; → This morning, gold is trading around $2,567 per ounce. Bullish sentiment is being driven by expectations of a Federal Reserve rate cut next week. According to MoneyControl, the International Monetary Fund stated on Thursday that it would be “appropriate” for […]
10/01/2025

Japan’s Household Spending Declines, Yen Edges Higher

The yen is slightly higher on Friday. In the European session, USD/JPY is trading at 157.89, down 0.12% on the day. Japan’s household spending continues to decline Japanese consumers are holding tight on the purse strings and that could spell tr0uble for Japan’s fragile economy. Annually, household spending declined by 0.4% in November, following a […]