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Not only do we have a new pope this week, but we also have the first deal in Trump’s global trade war – between the UK and the US. Trump’s enthusiastic announcement, complete with a lot of CAPITAL LETTERS, helped inflate sentiment, making this US-UK deal feel bigger than it actually is. I mean, the […]

The post Habemus a Trade Deal appeared first on Action Forex.

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22/01/2025

Gold Reaches 11-Month High as Global Demand for Safe Assets Surges

Gold prices surged to an 11-month high, reaching 2,750 USD per troy ounce, a level last seen in November of the previous year. The metal’s rally reflects heightened demand for safe-haven assets amid escalating global trade tensions and a weakening US dollar. Drivers of Gold’s rise The growing appetite for Gold comes as fears of […]
16/08/2024

S&P 500 index Wave Analysis

S&P 500 index rising inside impulse wave 3 Likely to test resistance level 5570.00 S&P 500 index recently continues to rise inside the impulse wave 3 which previously broke the resistance area located between the strong resistance level 5400.00 (former strong support from the end of July) and the 50% Fibonacci correction of the downward […]
09/12/2023

Weekly Economic & Financial Commentary: Global Central Banks Holding Steady

Summary United States: The Machine of a Dream Nonfarm payrolls increased 199K in November, and the unemployment rate fell 0.2 percentage points to 3.7%. The decline in the already historically low unemployment rate suggests that while the labor market is cooling, it remains exceptionally tight. Next week: Consumer Price Index (Tue.), Retail Sales (Thu.), Industrial […]