Logo-color Logo-white

Gold prices faced resistance despite tariff threats, failing to reach previous highs. Gold ETFs saw their largest single-day increase since 2022, indicating strong demand. US economic data had a short-term impact on prices, but haven demand remains elevated. Gold prices failed in their attempt to print a fresh weekly high today despite the latest tariff […]

The post Gold Price Forecast: Will Tariffs and ETF Demand Drive XAU/USD Higher? appeared first on Action Forex.

previous

UK Inflation Cools More Than Expected, Pound Loses Ground

next

GBP/USD Eases Gains—Can US GDP Data Fuel Fresh Volatility?

Read More

15/12/2023

WTI Wave Analysis

WTI reversed from support level 68.00 Likely to rise to resistance level 73.35 WTI crude oil recently reversed up from the major long-term support 68.00 (which has been repeatedly reversing the price from March) coinciding with the lower daily Bollinger Band. The upward reversal from the support 68.00 is likely to form the daily candlesticks […]
03/10/2024

Could Friday’s Data Tip the Balance in Favour of a 50bps Fed Rate Cut?

 Discussions about the size of the November Fed rate cut continue Mixed labour market data up to now with ADP surprising on the upside Friday’s data matters the most; non-farm payrolls seen rising by 140k Geopolitics boost demand for dollar, data could reverse this trend Fed rate cut discussions continue With the market trying to […]
14/03/2025

GBP/USD Shrugs as UK GDP Unexpectedly Declines

The British pound has edged lower against the US dollar on Friday. GBP/USD is trading at 1.2928 in the European session, down 0.13% on the day. UK economy declines 0.1% in January The UK economy barely registered any growth in the second half of 2024, rising 0.1% in the third quarter and flatlining in the […]