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The Fed’s comments led to a 3% rise in gold, but the dollar’s recovery in the second half of Thursday reduced this gain to just 0.5%. Technically, the outlook is unclear, but fundamentally, things are still on the side of the bulls. In early trading on Thursday, gold slipped to $2222 on thin liquidity and […]

The post Gold’s Retreat Not Yet a Reversal appeared first on Action Forex.

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29/03/2024

Japanese Yen Steady as Tokyo Core CPI Ticks Lower

The Japanese yen continues to have a quiet week and is unchanged in the European session at 151.17. Tokyo Core CPI inches lower to 2.4% Tokyo Core CPI, which excludes fresh food, eased to 2.4% y/y in March, a drop lower than the 2.5% gain in February and matching expectations. This inflation indicator is closely […]
08/10/2024

NZD/USD – RBNZ Poised to Cut, But How Much?

The New Zealand dollar is down for a sixth straight day and has fallen 3.6% during that time. NZD has stabilized on Tuesday and is trading at 0.6120 in the North American session, down 0.07% on the day. RBNZ expected to chop rates by 50 bps The Reserve Bank of New Zealand meets on Wednesday […]
06/02/2024

AUD/USD Rate Rises after RBA Decision

This morning the Central Bank of Australia decided to keep the interest rate at the same level = 4.35%, as expected. However, RBA management said that further rate hikes cannot be ruled out as inflation is still too high. This is a clear signal that policy easing is unlikely in the near future. AUD/USD has […]