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Over the past 12 weeks, gold has been trading within a narrow range, the boundaries of which are gradually narrowing. The 50-day moving average has once again provided support. At the same time, the main driver of growth has been a resurgence in risk appetite, which has supported a decline in yields on long-term government […]

The post Gold in a Range, But Testing Its Upper Bound appeared first on Action Forex.

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Market Reaction to Tomorrow’s US Inflation Numbers Might be a Point in Case,

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12/02/2025

Pound’s Rally Stalls as Investors Await Fresh Economic Data

GBP/USD is consolidating around 1.2447 on Wednesday as traders hold back, awaiting key UK economic data releases later this week. Key factors influencing GBP/USD Earlier this week, the British pound faced pressure after Bank of England (BoE) policymaker Catherine Mann shifted to a more dovish stance. She stated that weak domestic demand reduces inflation risks, […]
04/10/2024

GBPUSD Seeking Supply Zones After Thursday’s Massive Sell-off

Fundamental Analysis The pound has faced strong bearish pressure following statements from Bank of England Governor Andrew Bailey, who hinted that the institution might adopt a more proactive stance on rate cuts if inflation continues to decline. Additionally, the September services and composite PMI data came in at 52.4 and 52.6, respectively, below previous figures […]
27/02/2024

EURCHF Extends Advance Towards 200-Day SMA

EURCHF extends recovery to a fresh 2-month high Breaks above trendline and eyes 200-day SMA Momentum indicators approach overbought levels EURCHF has been in a downtrend since the beginning of 2023, dropping to an all-time low of 0.9252 on December 29. However, the pair has been staging a rebound in 2024, violating the downward sloping trendline that connects […]