Gold price dipped on Tuesday on partial profit taking, as traders reacted on overbought daily studies, against very supportive fundamentals. The price spiked to new record high ($2942) earlier today as the latest set of tariffs on steel and aluminium imports in the US raised concerns of escalation of trade war, which could cause a […]
The post Gold Price Eases from New Record High, Supportive Fundamentals Suggest Dips Likely Limited appeared first on Action Forex.
Markets Fed Chair Powell’s appearance before the Senate Banking Committee yesterday didn’t yield much clues on (changes in) monetary policy in the Trump 2.0 era. The Fed Chair understandably stuck to data dependency. After having Read more…
Federal Reserve (Fed) Chair Jerome Powell’s testimony yesterday went smoothly. He said that the Fed’s ‘policy stance is now significantly less restrictive than it had been’, the economy remains strong and that they ‘do not Read more…
In focus today From the US, the most important data release of the day will be the January CPI. We forecast headline inflation at +0.3% m/m (SA) and 2.9% y/y and core inflation at +0.2% Read more…