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Key Highlights Gold started a fresh increase after a dip to the $2,950 support zone. The bulls could face hurdles near $3,085 and $3,120 on the 4-hour chart. Bitcoin is still struggling to start a fresh increase above the $83,500 resistance zone. EUR/USD is eyeing more gains above the 1.1150 resistance zone. The US CPI […]

The post Gold Prices Sparkle Again: Restarts Increase on Recession Fears appeared first on Action Forex.

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14/10/2024

Thursday’s ECB Meeting Main Event This Week

In focus this week Today is set to be a quiet start of the week, without major market movers on the data front. We continue to await Israel’s response to the Iranian missile attack on 1 October, which will determine whether we will see a further escalation of the conflict in the region. According to […]
22/08/2024

With Inflation Becoming Gradually More Under Control, Fed Has Space to Focus on Second Pillar of Dual Mandate

Markets The US Bureau of Labour Statistics kept most of us waiting yesterday. The preliminary benchmark payrolls revision for the year through March 2024 eventually showed the feared, significant, downward revision. The actual payroll count was 818k lower or around 68k/month. That lowers the average monthly net job growth over the reference period from 242k […]
12/12/2024

Bitcoin and Ethereum on the Verge of Breaking Resistance

Market Picture Crypto market capitalisation jumped 5% in 24 hours to $3.64 trillion. Optimism in the US stock market pushed Bitcoin above $100K, bringing buyers back into altcoins. The Cryptocurrency Sentiment Index returned to extreme greed territory at 83. Bitcoin climbed just above $101.5K, meeting solid resistance for the past seven days. Current levels are […]