Summary 3/3 – 3/7 – Action Forex

Monday, Mar 3, 2025 Tuesday, Mar 4, 2025 Wednesday, Mar 5, 2025 Thursday, Mar 6, 2025 Friday, Mar 7, 2025
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Monday, Mar 3, 2025 Tuesday, Mar 4, 2025 Wednesday, Mar 5, 2025 Thursday, Mar 6, 2025 Friday, Mar 7, 2025
The post Summary 3/3 – 3/7 appeared first on Action Forex.
As shown on the XAG/USD chart, today the price of silver has climbed above $43.60 per ounce for the first time since 2011. This may reflect expectations that the recent Federal Reserve interest rate cut will provide a boost to the global economy, where demand for silver is strengthening due to the growth of sectors…
The AUD/USD experienced a sharp downward retracement last Thursday as the market anticipated the Federal Reserve interest rate decision. Currently, the Australian government is attempting to stabilize the economy due to slow growth, which has caused the Aussie dollar to lose its momentum. As a result, the pair saw a significant drop below the 0.6700…
Capital flows into gold amid rising geopolitical and broader market risks, together with Jerome Powell’s remarks about potential criminal prosecution, have not only driven XAU/USD to record highs (as discussed earlier today) but have also put pressure on the US Dollar Index (DXY). Markets are also digesting the latest Non-Farm Payrolls data released on Friday….
Newsquawk Week Ahead – 20-24th January Highlights include BoJ, PBoC, PMI data, UK jobs, Inflation data from Canada, Japan and NZ MON: US Presidential Inauguration, PBoC LPR, Eurogroup Meeting; German Producer Prices (Dec) TUE: UK Unemployment/Wages (Nov), German ZEW (Jan), Canadian CPI (Dec), New Zealand CPI (Q4) WED: South African CPI (Dec),…
The EURUSD pair has continued its downward trajectory, extending its decline from 1.1213 to reach a new low of 1.0810. However, the recent bounce from this level has sparked interest among traders, raising questions about whether this is a temporary pause or the beginning of a reversal. Currently, the market appears to be in a…
Deriv, an online trading company, announced that it has obtained a Category 1 license from the UAE Securities and Commodities Authority. The licence was granted to its newly formed UAE subsidiary, Deriv Capital Contracts & Currencies L.L.C. The move allows the company to provide regulated trading services in the UAE. Deriv Targets UAE Market Under…