Gold price hit new multi-week high early Wednesday, in extension of Tuesday’s 1.4% advance, with near-term action being well supported by strong safe haven demand on fresh uncertainties over Trump’s trade policies that weakened dollar and wide expectations that the Fed will keep interest rates on hold in the policy meeting next week. Bull leg […]
The post Gold Rises Further on Uncertainties over US Trade Policies, Weaker Dollar appeared first on Action Forex.
EUR/USD has seen a recent rally driven by market reactions to the incoming Trump administration. A divergence exists between technical analysis, suggesting further upside potential, and fundamental factors, pointing towards potential weakness due to policy Read more…
The New Zealand dollar dropped as much as 0.5% earlier today but has recovered. In the European session, NZD/USD is trading at 0.5684, up 0.10% on the day. New Zealand inflation unchanged at 2.2% New Read more…
Market picture The cryptocurrency market rose 3.5% in the last 24 hours, recovering to $3.63 trillion, having peaked in the last five days. The market’s rapid recovery is indicative of continued interest in risk assets. Read more…