Gold found its footing above $4,000 after June’s disappointing US payrolls report triggered broad-based Dollar selling and eased expectations for a near-term Fed rate hike. But the rebound is already losing momentum this week. The reason is simple: while payrolls surprised on the downside, the Fed’s bigger concern is not employment—it’s inflation. The post-NFP rally […]
The post Gold Finds Support at $4,000, but Only Softer Inflation Can Fuel the Next Rally appeared first on ActionForex.
Eurozone retail sales rose 0.2% mom in May, matching market expectations and pointing to continued resilience in consumer spending despite a mixed performance across retail categories. Across the broader EU, retail sales increased a stronger Read more…
Eurozone investor confidence improved sharply in July, with the Sentix Investor Confidence Index rising from -13.4 to -3.1, marking a third consecutive monthly gain. The improvement was broad-based, with the Current Situation Index climbing from Read more…
The broad US market index, the S&P 500, has entered July against a backdrop of mixed signals from the labour market. The Bureau of Labor Statistics report released on 2 July showed that just 57,000 Read more…