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Gold price continues to trend higher and hit new all-time high in early Thursday trading, driven by growing uncertainty over US tariffs and turbulent pollical conditions which fueled safe-haven demand. Investors remain concerned that US tariff policies could spark a trade war and further undermine still fragile global economy. In addition, President Trump’s U-turn in […]

The post XAU/USD: Gold Heading Towards $3,000 Target appeared first on Action Forex.

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23/07/2024

US GDP and PCE Inflation Up Next Before July FOMC

Fed to get final clues on growth and inflation before July meeting But with traders more preoccupied with politics, will the data move the dollar? Preliminary GDP is due Thursday and PCE inflation on Friday, both at 12:30 GMT Fed still wants to see more progress The recent inflation reports have brought some much needed […]
13/09/2024

Dollar Index Outlook: Eyes Fed Decision for Fresh Direction Signals

A quick change in sentiment pushed the dollar index price to the lowest of the week in European trading on Friday, after it hit weekly high on Thursday afternoon, just ahead the US data which deflated the dollar. The price action has been in a sideways mode in past couple of weeks and moving above […]
27/03/2024

NZDUSD Returns to Bearish Trend

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