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The bond market sell-off stabilised ahead of Donald Trump’s inauguration on Monday, as the December core inflation data from the US came out on the soft side (+0.2% m/m SA, Nov. +0.3%). Easing hotel, core goods and health care inflation contributed to the cooling but importantly, broader housing and non-housing services inflation remain at moderating […]

The post Weekly Focus – All Eyes on Trump’s Inauguration Day appeared first on Action Forex.

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Gold: Continues to Benefit from Fed’s Recent Dovish Shift

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09/12/2024

Gold Consolidates While WTI Crude Oil Faces Continued Struggles

Gold price is consolidating above the $2,600 support zone. Crude oil is showing bearish signs and might decline below $66.80. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a recovery wave from the $2,610 zone against the US Dollar. A key bearish trend line is forming with resistance at $2,650 on […]
06/05/2024

EURGBP Wave Analysis

EURGBP reversed from support zone Likely to rise to resistance level 0.8625 EURGBP recently reversed up from the support zone lying between the key support levels 0.8500, 0.8550 and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star Doji. EURGBP can be expected […]
29/11/2024

EURGBP Seeks Protection Near 0.8300

EURGBP gets rejected near SMAs; technical signals are negative There might be an opportunity for a rebound near 0.8300 Eurozone publishes CPI inflation data at 10:00 GMT EURGBP experienced another failure near its 20- and 50-day simple moving averages (SMAs) earlier this week, increasing concerns that the bad days are not over yet. With the price resuming […]