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US core PCE and Eurozone flash CPIs to keep inflation worries in the foreground Japanese and Australian inflation numbers also coming up RBNZ might strike a hawkish tone Manufacturing PMIs also in the spotlight PCE inflation to headline busy US data week The Fed is in no rush to ease policy and markets are finally […]

The post Week Ahead – US and Eurozone Inflation, RBNZ Meeting to Test Rate Cut Bets appeared first on Action Forex.

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17/08/2024

The Weekly Bottom Line: Inching Towards a Pivot

U.S. Highlights The July report for the Consumer Price Index showed headline inflation fell below 3% for the first time since March 2021. U.S. retail sales surpassed expectations in July, rising 1.0% month-on-month. Federal Reserve Chair Jerome Powell’s remarks during next week’s Jackson Hole Symposium will headline the week. Canadian Highlights Bad news for Canada’s […]
05/01/2024

Gold Price Corrects Gains While Crude Oil Price Aims Higher

Gold price is correcting lower from the $2,088 resistance. Crude oil price is rising and it could climb further higher toward the $75.90 resistance. Important Takeaways for Gold and Oil Prices Analysis Today Gold price failed to clear the $2,088 resistance and corrected lower against the US Dollar. A key contracting triangle is forming with […]
04/03/2024

Gold Rally Pauses at 2,088 After Strong Bullish Move

Gold prices break descending trend line Medium-term trend remains neutral RSI indicates overbought market Gold prices posted an impressive bullish rally in the preceding week, touching the upper boundary of the medium-term trading range at 2,088 and penetrating the downtrend line to the upside. The technical oscillators are confirming this view. The MACD is strengthening […]