Gold is trading in a holding pattern near 4,200 USD per ounce on Tuesday, as markets remain in a state of suspended animation ahead of the Federal Reserve’s policy decision. While a 25-basis-point rate cut is almost fully priced in, investors will scrutinise the updated economic projections and Chair Jerome Powell’s subsequent press conference for […]
The post Gold on Pause Awaiting the Fed’s Verdict appeared first on ActionForex.
USD/JPY’s up trend from 139.87 resumed by breaking through 159.44 last week. Initial bias remains on the upside this week for retesting 161.94 high first. Firm break there will confirm larger up trend resumption and Read more…
After initial rebound, GBP/USD’s fall from 1.3867 resumed by breaking through 1.3252. Initial bias remains on the downside this week for 1.3008 structural support. Firm break there will carry larger bearish implication and target 1.2524 Read more…
USD/CHF’s rally from 0.7603 extended higher last week. The strong break of 55 D EMA (now at 0.7817) suggests that it’s already corrective whole down trend from 0.9200. Initial bias is on the upside this Read more…