Logo-color Logo-white

Gold is once again benefiting from a combination of geopolitical tensions, demand for safe-haven assets, and reduced risk appetite in the stock and cryptocurrency markets. The price per ounce returned to its historic highs, reaching $3,750 on the spot market and adding 3% from the start of the day on Friday to the start of […]

The post What Aggressive Growth of Gold Indicates appeared first on Action Forex.

previous

EUR/USD Extends Gains as US Dollar Weakens on Fed Uncertainty and Shutdown Fears

next

Holy Nvidia

Read More

05/04/2024

Week Ahead – ECB Decision and US Inflation to Fuel FX Volatility

Central bank decisions in Eurozone, Canada, and New Zealand Highlight will be the ECB – likely to signal a rate cut in June In US, the dollar will be driven by inflation stats and Fed minutes ECB meeting – Nearly time to cut  The Eurozone economy has gone through a rough patch over the last […]
14/03/2024

Canadian Dollar Seeks Opportunities for Growth

The USDCAD pair remains within a sideways range, with the Canadian dollar occasionally showing a tendency to strengthen. Recent DES data revealed that Canadian households have become more affluent. In Q4 2023, their “net” worth increased by 1.8%, or 300 billion Canadian dollars, smoothing out the decline seen in the previous quarter. This increase can […]
15/05/2025

CHFJPY Wave Analysis

CHFJPY: ⬇️ Sell CHFJPY reversed from the resistance level 176.00  Likely to fall to support level 173.00 CHFJPY currency pair recently reversed from the pivotal resistance level 176.00, which has been repeatedly reversing the price since November. The resistance level 176.00 was strengthened by the upper daily Bollinger Band. Given the strength of the resistance […]