Day: July 16, 2024

Gold Retraces Gains as US Retail Sales Beat Forecasts, Rate Cut Outlook Shifts

gold image

Gold (XAU/USD) prices dipped on Tuesday, retracing earlier gains, after US Retail Sales data for June exceeded expectations. This suggests a resilient US economy and potential for persistent inflation, which could moderate the Federal Reserve’s (Fed) inclination towards aggressive interest rate cuts. Retail Sales Data Tempers Rate Cut Optimism The unexpected uptick in retail sales, […]

EUR/USD Retreats from 1.0900 as Traders Await ECB Rate Decision

EUR-USD-article image

The EUR/USD pair pulled back sharply after briefly touching a 16-week high above 1.0900 on Monday, as traders reassessed their positions ahead of Thursday’s European Central Bank (ECB) rate decision. The pair’s retreat coincided with cautious commentary from Federal Reserve (Fed) officials, who reiterated a data-dependent approach to potential rate cuts. Market Drivers and Outlook […]

Whether you’re a seasoned pro or just starting out, our FREE daily signals are the perfect resource for anyone looking to optimize their trading strategy and achieve their financial goals. Sign up and start reaping the benefits of our unparalleled support and expertise!

Other pages
Quick links
Contact us

Our Support and Sales team is available 24 /7 to answer your queries

© 2023 OkSignals. All Rights Reserved. Since 2012

Disclaimer
© 2023 OkSignals All offers are for information purposes only. OkSignals TM shall not be held responsible for any errors, omissions, or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date. OkSignals does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this guide, or losses or damage you may incur doing so. There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any decisions. Please remember that markets may rise or fall, and past performance does not guarantee future performance in respect of growth. OkSignals is the name of worldwide cooperation. Provided by members around the world with all available languages. OkSignals should not be referred to as investing or finance advisors.