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The insatiable appetite of central banks has resulted in an increase in the share of gold value in reserves to 20%. Precious metals have surpassed the euro’s 16% share. Only the US dollar is ahead with 46%. In 2022-2024, regulators increased their purchases to more than 1,000 tonnes annually. As a result, their combined gold […]

The post Gold Ready to Update All-Time Highs appeared first on Action Forex.

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XAU/USD: Gold May Rise Above $3,500, If Geopolitical Situation Escalates Further

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The Weekly Bottom Line: Trade Tensions De-escalate Just as Geopolitical Tensions Heat-up

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19/03/2025

Bank of Japan Expected to Maintain Rate on Global Growth Worries, Yen Close to 150 Line

The Japanese yen has lost ground for a third straight trading day. In the North American session, USD/JPY is trading at 149.32, up 0.08% on the day. Earlier, the yen weakened to 149.93, its lowest level in two weeks. Bank of Japan likely to hold rates at 0.5% until later in 2025 The Bank of […]
08/02/2024

Australia & New Zealand: What’s Up For The Down Under Economies?

Summary The Reserve Bank of Australia (RBA) held its policy rate steady at 4.35% this week as expected, and its accompanying announcement was more hawkish than expected. The RBA did not rule out a further increase in interest rates, saying inflation—especially services inflation—is still high. We do not expect a further RBA rate increase, but […]
03/01/2024

NZD/USD Technical: Pulled Back Towards Potential Bullish Inflection Zone

Medium-term uptrend phase from 26 October 2023 remains intact. 6240 is the potential bullish inflection level. Hourly RSI has flashed a bullish momentum breakout condition. The Kiwi (NZD/USD) has been oscillating within a medium-term uptrend phase in place since 26 October 2023 low of 0.5774. So far, it has rallied by +596 pips/+10.3% to print […]