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Trade news keeps getting better. Yesterday, it was the chipmakers’ turn to lead the rally, as Saudi Crown Prince Mohammad bin Salman pledged to spend as much as $1 trillion in commercial deals with the US, while Jensen Huang announced in Riyadh that the company will be selling chips to the Saudi Arabian AI company […]

The post Trade Winds Shift in Favour of US Indices appeared first on Action Forex.

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GBP/USD Edges Higher as EUR/GBP Loses Ground

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16/03/2024

Weekly Economic & Financial Commentary: FOMC Likely on Hold Until Summer

Summary United States: The Equinox and the Struggle to Find Balance Spring is a time for new beginnings, and we see fresh possibility in some of this week’s less-than-stellar data. It may eventually help bring the needed balance into place to get inflation closer to the FOMC’s target. Next week: Housing Starts (Tue.), Existing Home […]
12/08/2024

Gold on Track to Revisit All-Time High

Gold advances after bouncing off 50-day SMA The bulls eye recent record high as next target Oscillators are cautiously tilted to the upside Gold has been trading back and forth within a range in the past month, unable to adopt a clear directional impetus. In the near term though, the precious metal has been on the rise […]
13/06/2024

AUD/USD: Australian Dollar Rallies 1.35% as US Inflation Eases Below Expectations

Australian dollar was one of the top gainers among major currencies on Wednesday, after weaker than expected US CPI data revived hopes disinflation is back to play and added to doves advocating for September Fed rate cut. AUDUSD pair advanced 1.35% after release of data and cracked 0.6700 barrier, nearing full retracement of 0.6714/0.6575 pullback […]