Oh, look at that! NFP is coming up shortly, and while some predict that XAU/USD could reach new heights in 2023, reports from other analysts reveal that the price of Gold has dropped to around $1,950 due to the US Treasury bond yield bouncing back. So, while we watch for potential buying opportunities, we must […]
The post How Will Gold and USD React to NFP? appeared first on Action Forex.
Eurozone PMI data for January showed cautious improvement, with PMI Composite rising from 49.6 to 50.2, a five-month high, signaling a return to marginal growth. Manufacturing PMI increased to 46.1, its highest in eight months, Read more…
The Bank of Japan (BOJ) has raised short-term interest rates to 0.5%, the highest level in 17 years. While this move was anticipated, the currency market responded with a significant strengthening of the yen, with Read more…
As shown by the S&P 500 chart (US SPX 500 mini on FXOpen), the stock index: → has increased by approximately 3.5% since the start of the year; → surpassed its previous all-time highs set Read more…