Key Highlights Gold started a downside correction from the $3,500 resistance zone. A key contracting triangle is forming with resistance at $3,335 on the 4-hour chart. EUR/USD is consolidating gains below the 1.1420 resistance zone. WTI Crude Oil prices are again moving lower below the $62.00 resistance. Gold Price Technical Analysis Gold prices started a […]
The post Gold Price Holds Range — But Weakness Could Resurface appeared first on Action Forex.
Australia’s headline CPI was unchanged at 2.4% yoy in Q1, above expectations of a slight decline to 2.2% yoy. On a quarterly basis, CPI rose 0.9% qoq, also exceeding forecast of 0.8% qoq. The closely Read more…
New Zealand’s ANZ Business Confidence fell sharply in April, dropping from 57.5 to 49.3. The own activity outlook also edged lower from 48.6 to 47.7. ANZ noted the decline may reflect growing apprehension over the Read more…
Japan’s industrial production fell by -1.1% mom in March, significantly worse than the anticipated -0.7% mom decline. According to the Ministry of Economy, Trade and Industry, the sharp drop was led by a -5.9% mom Read more…