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The price of gold fell on Monday to $3,346 per troy ounce, pausing its recent upward trend as investors assessed the implications of a phone call between the US and the EU. Key factors driving gold’s movement Demand for safe-haven assets weakened after US President Donald Trump announced plans to delay proposed 50% tariffs on […]

The post Gold Halts Rally as US Signals Willingness to Discuss Trade Terms with EU appeared first on Action Forex.

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25/01/2025

Weekly Economic & Financial Commentary: 100 Basis Points Lower & 100 Basis Points Higher

Summary United States: Changing of the Guard Considering a reasonably light domestic indicator schedule this week and the Fed’s media blackout period ahead of next week’s FOMC meeting, attention was understandably focused on the changing of the guard in Washington and the eagerly anticipated policy details from the new administration which will heavily influence the […]
31/01/2024

EURJPY: With Bullish Reversal and Target at Breakout of 161.00

Bullish Scenario: Buying above 160.00 (expecting a pullback to this zone) with TP1: 160.62 (uncovered POC*), TP2: 160.81, and TP3: 161.00 on an intraday basis. It is recommended to set a stop loss (S.L.) below 159.82 or at least 1% of the account capital**. Bearish Scenario: Selling below 160.25 with TP1: 160.00, TP2: 159.82, and […]
28/09/2024

Weekly Economic & Financial Commentary: Consumer in the Spotlight

Summary United States: Consumer in the Spotlight The personal income and spending data this week show that inflation remains in check, shed light on the staying power of the consumer and paint a more constructive backdrop for household finances moving forward. Real estate should be a beneficiary of lower interest rates as the Fed eases […]