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Gold prices remain high amidst US-China trade talks, indicating market uncertainty Technical analysis shows gold breaking a bear flag, suggesting a potential rally to $3400/oz. Short-term, a break above 3333.60 on the two-hour chart could further fuel the upward momentum. Gold prices continue to hold the high ground as a host of commodities benefit from […]

The post Gold (XAU/USD) Holds High Ground as US-China Talks Ramble On appeared first on Action Forex.

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19/03/2024

Canada: Inflation Surprises With a Downtick in February

Headline CPI inflation moved slightly lower in February to 2.8% year-on-year (y/y), against expectations for an uptick. Softer inflation at grocery stores was part of the story in February. Grocery price increases cooled from 3.4% y/y in January to 2.4%. This marks the first time since 2021 that grocery inflation was below headline inflation. In […]
19/02/2024

Swedish Inflation Data Kicks Off the Week

In focus today This morning we will get Swedish inflation data for January. We expect an increase in CPIF inflation to 3.2% y/y, while core inflation (CPIF excl. Energy) should fall to 4.4% y/y. This week’s calendar contains several important releases to watch. Both the Fed and ECB will publish minutes from their latest meetings, […]
06/03/2025

Dow Jones (DJIA) Holds Support: Tariffs, Data & US Auto Tariff Exemption

US stock markets (Dow Jones, S&P 500) are experiencing volatility due to Trump administration tariffs. A one-month tariff exemption for US automakers has temporarily eased market pressure, but the long-term sustainability of this is uncertain. US economic data is mixed, with a services PMI showing growth but rising input costs. Technically, the Dow Jones is […]