Logo-color Logo-white

Gold price eases further on Friday, extending pullback from new record high $2222 (posted on Thursday) after a strong upside rejection on probe above psychological $2200 barrier. The yellow metal came under increased pressure from stronger dollar after Fed kept the policy unchanged and signaled that high borrowing cost may stay elevated as the US […]

The post XAU/USD: Gold Eases from New Record High appeared first on Action Forex.

previous

GBP/USD Faces Sharp Decline Amid BoE’s Monetary Policy Stance

next

Gold’s Retreat Not Yet a Reversal

Read More

05/07/2024

Sunset Market Commentary

Markets Payrolls have arrived. Net job creation in the US amounted to 206k in June. While slightly topping the 190k estimate, it came with a significant downward revision for the previous two months (-111k). In addition, about a third of June’s jobs came on the account of the government (+70k). That same government was also […]
22/03/2024

SNB First G10 Bank to Cut Rates

In focus today It should be a quiet finish to a very busy week for macro news. Today we will get the second wage tally from the Japanese “spring wage offensive”. It will be interesting to see if the solid pay hike in big business has rubbed off more broadly. Today we also look out […]
13/09/2024

Euro Rebounds on Lack of Hint for Further Cuts

The European Central Bank (ECB) yesterday lowered its deposit facility rate by 25bp for the second time this year (and its other two rates by 60bp, but that was just a technical twist that meant to narrow the spread between the deposit facility and the main refinancing rate from 50 to 15bp, so don’t be […]