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Bears are taking a breather after two-week pullback (down 6.5%) from new record high found footstep at $2540 zone (contained by rising 100DMA). Gold price bounced from new two-month low on Monday after pullback faced strong headwinds from Fibo 50% of $2293/$2790 upleg and nearby daily Ichimoku cloud base, boosted by a pause in dollar’s […]

The post XAU/USD Outlook: Gold Price Bounces from Two-Month Low appeared first on Action Forex.

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25/03/2024

Analytical RBA Interest Rate Predictions in 2024 and Beyond

In an era of economic recalibration, the Reserve Bank of Australia’s (RBA) interest rate decisions are in the spotlight. This FXOpen article delves into analytical predictions for RBA interest rates through 2024 and beyond, offering insights into the factors shaping Australia’s monetary policy. The insights and forecasts that follow are aimed at helping traders, investors, […]
05/07/2024

Historic French Vote Could Propel Le Pen to Power

French election: Will the far-right win a majority? French voters will head to the polls on Sunday, July 7 for round two of the parliamentary elections. In the first round, Mary Le Pen’s far-right National Rally party (RN) made big gains and won 33% of the vote. President Macron’s Ensemble alliance was relegated to third […]
05/02/2024

What a Blast

Friday’s abnormally strong jobs data resonated like a bomb across the financial markets. The US economy added 353’000 nonfarm jobs last month versus the consensus of around 185’000 new job additions. The average wage growth unexpectedly accelerated to 4.5%, and the unemployment rate remained steady at 3.7%. Here we are, finding ourselves with an NFP […]