Gold has returned to growth. On Friday, a troy ounce of the precious metal was priced at 2517 USD. The price has stabilised as the market awaits the release of August’s crucial US employment report. The data could prompt a revision of the Federal Reserve’s interest rate outlook, which is particularly important given the short […]
The post Gold Rallies as Market Bets on Rapid Fed Monetary Easing appeared first on Action Forex.
Key Highlights EUR/USD extended losses and tested the 1.0500 support. A key bearish trend line is forming with resistance at 1.0585 on the 4-hour chart. GBP/USD also extended losses and traded below the 1.2720 support. Read more…
BoJ Governor Kazuo Ueda reiterated in a speech today that the central bank remains committed to its gradual policy tightening path, conditional on the realization of its economic and price outlook. However, the timing of Read more…
New Zealand’s BusinessNZ Performance of Services Index rose slightly from 45.7 to 46.0 in October. Despite the marginal improvement, the index stayed well below the 50 threshold, indicating ongoing contraction in the sector for a Read more…