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Since early March, the gold price has reversed to the upside, regularly exceeding the $2900 mark during the week. The cautious trading tone of the US indices works on the side of the bears, while the weakness of the dollar infuses confidence in the bulls. On the tech analysis side, the dip at the end […]

The post Gold Traders Weighting the Next Move appeared first on Action Forex.

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Sunset Market Commentary

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16/01/2025

Sunset Market Commentary

Markets Marginally softer than expected US CPI yesterday caused markets to leave a bond short-positioning that had been built since early December. The release also muted a developing market debate as to whether the Fed at some point could be forced to consider rate hikes again. The market again moved toward December guidance from the […]
14/12/2023

Dollar Index: Hits Four-Month Low, Deflated by Dovish Fed

The dollar index remains firmly in red and holding near fresh four-month low in early trading on Thursday, following post-Fed 1.2% fall on Wednesday (the biggest daily drop since Nov 14). The greenback was deflated by signals that the Fed’s historic policy tightening cycle is likely over, and projections show that borrowing cost would fall […]
08/11/2024

FOMC Focused on Health of Labour Market and Success with Inflation

Unsurprisingly, the FOMC made clear it was too early to assess the economic implications of this week’s US election. Activity and prices meanwhile justify a gradual withdrawal of policy tightness. The US FOMC delivered a 25bp cut at its November meeting as expected, taking the mid-point of the fed funds range to 4.625%. Overall, the […]