Logo-color Logo-white

Gold’s rally to record highs above $4,300 per ounce resulted from a debasement trade. Governments cannot cope with budget deficits, are accumulating debt and demanding that central banks cut interest rates, as in the US, or keep them low, as in Japan. As a result, investors are losing confidence in government bonds and currencies. They […]

The post Gold Bulls Have No Choice But to Push appeared first on Action Forex.

previous

Weekly Economic & Financial Commentary: Tensions Rising in U.S.-China Trade Relations

next

WTI Oil: Bears May Take a Breather to Position for Fresh Push Lower

Read More

05/06/2025

The World May be Wobbling, But Markets March On

Here’s a fun fact: the iShares MSCI All World Index just hit a fresh all-time high yesterday, only a few hours after the OECD cut the global growth forecast, citing global trade uncertainties, tighter monetary conditions, and weakened consumer and business sentiment. Add to that the rising worries around some major economies’ ability to finance […]
08/03/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently maintains its bullish momentum, indicating a potential scenario of a bullish bounce off the pivot and a subsequent move towards the 1st resistance. The pivot level at 102.63 serves as an overlap support, suggesting historical significance as a level where buying interest has previously emerged to support […]
24/06/2024

Crypto Dive

Market picture Along with the rest of the cryptocurrency market, Bitcoin is pulling back further into the area of last month’s lows. The sell-off intensified with the start of the new week, pushing total capitalisation back 3.6% in 24 hours to $2.26 trillion, which we last saw on May 13. Particularly worrying is the rather […]