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Forex Market Update: Dollar Strong, Gold Continues Rally in Quiet Trading | Forexlive
The forex market saw some interesting movements in the latest session. The dollar held steady, while gold continued its rally. Here's a weekly update on interest rate expectations and some key comments from ECB...
ECB’s Kazimir: Disinflation Progress Encouraging, More Evidence Required
ECB Governing Council member Peter Kazimir shared his thoughts on the current disinflation progress in a recent blog post. According to Kazimir, the trend towards lower inflation is looking positive and stable.He mentioned that...
Germany September Producer Price Index (PPI) Report: -0.5% vs -0.2% Expected
The Producer Price Index (PPI) report for Germany in September showed a decrease of 0.5%, which was lower than the expected 0.2% decrease. This indicates a potential slowdown in the economy and may have...
RBA’s Hauser Indicates No Immediate Rate Cuts Due to High Inflation – Action Forex
RBA Deputy Governor Andrew Hauser made it clear today that the central bank is not considering immediate rate cuts due to high inflation levels. The recent positive employment data caused the market to delay...
Gold price reaches new high in early Asia trade on October 21, 2024
Gold prices surged to a new high in early Asia trade on October 21, 2024. This increase in gold prices has caught the attention of many investors looking to capitalize on the precious metal's...
AUD/USD Weekly Forecast: Latest Analysis and Updates by Action Forex
The AUD/USD pair saw a slight decline to 0.6657 last week before recovering. This week, the initial bias remains neutral for some consolidation. However, there is an expectation of further decline as long as...
Crude Oil Futures Weekly Forecast: Bears Target $67.75 | Forexlive
Crude Oil Futures are currently experiencing a bearish trend, with prices falling steadily in recent weeks. The market has been respecting a long-term descending resistance line on the weekly chart, indicating that bears are...
Weekly Forecast: USD/CHF Price Analysis and Predictions
USD/CHF saw a continuation of its rebound last week, with no clear signs of completion yet. The initial bias remains on the upside this week, targeting the 38.2% retracement level of 0.9223 to 0.8374...
Forexlive Weekly Market Outlook: 21-25 October
This week, various significant events are expected to take place that could impact the global market. Here is a breakdown of what to look out for:Monday: People's Bank of China (PBoC) is anticipated to...
Weekly Forecast for GBP/USD – Action Forex
GBP/USD saw a slight decline last week to 1.2973 before bouncing back with the help of support around the 1.3000 mark. This led to a neutral bias for the upcoming week. A clear breakthrough...