Blogs

Economists at ANZ Bank believe Gold’s recent price rally is ahead of fundamentals.

<p><img width="612" height="446" src="https://www.actionforex.com/wp-content/uploads/2019/10/f-canada28.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-conte

<p><img width="558" height="307" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-usa4.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" /></p> <p>US initial jobless c

<p><img width="531" height="325" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-canada1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" /></p> <p>Canada’s retail sales rose 0.7% mom to CAD

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2018/07/f-usd100.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content

<p>UBS is looking for the S&amp;P 500 to trade lower in Q1 of 2024, forecasting down to 4280 in March.</p><p>The upmove we've seen (prior to Wednesday!) may be, what UBS is calling, a ‘bull trap’:</p><ul><li>We still think that the current breakouts is the setup for a classic bull trap instead of believi

<p>Via a Capital Economics note on how Middle East turmoil, specifically the rerouting of ships away from the Red Sea, could impact inflation</p><ul><li> We expect the recent rise in oil prices to prove temporary, goods shortages should be avoided, and shipping costs do not look set to surge </li><li>Even if ship

<ul><li><a href="https://www.forexlive.com/news/us-initial-jobless-claims-205k-vs-215k-estimate-20231221/">US initial jobless claims 205K vs 215K estimate</a></li><li><a href="https://www.forexlive.com/news/us-q3-2023-gdp-third-reading-49-vs-52-expected-20231221/">US Q3 2023 GDP (third r

<p>The major US stock indices are closing higher after yesterday's meltdown sent the </p><ul><li>S&amp;P down by -1.47%, it's largest decline since September 21. </li><li>The Nasdaq index down -1.50% yesterday. That was its worst day since October 26. </li><li>The Dow down -1.27%, its wo

<p>I posted a preview of the inflation data here:</p><ul><li><a href="https://www.forexlive.com/centralbank/japan-inflation-data-preview-core-to-be-above-the-2-boj-target-for-more-than-a-year-20231221/" target="_blank" rel="follow" data-article-link="true">Japan inflation data pr