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Market picture The crypto market failed to get on a growth path, with its capitalisation falling 1.5% to $2.35 trillion in the last 24 hours. Cryptocurrencies have had their wings clipped by the sell-off in equity markets, reflecting a downturn in risk appetite in global finance. Due to the link to traditional finance, the largest […]

The post Crypto Didn’t Dare to Grow appeared first on Action Forex.

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29/03/2024

Week Ahead – Rate Cut Hopes Rest on US Jobs Report and Eurozone Flash CPI

Nonfarm payrolls report and European flash CPI to shape rate cut bets ISM PMIs to also be important for Fed expectations and US dollar Canadian employment and Chinese PMIs also on the agenda Fed hawks rear their ugly heads The March round of policy meetings reinforced June as the likely date when most central banks […]
05/04/2024

AUD Takes a Pause After Rally

After three days of significant gains, the Australian dollar is retreating against its American counterpart, with the AUD/USD pair falling to 0.6573. The US dollar has rebounded after Federal Reserve officials expressed doubts about an immediate monetary policy easing. The discussion around interest rates and the timing of their reduction has become a central topic […]
19/01/2024

A Decent Rebound But More Data Needed to Justify Market Optimism

Stock markets are modestly higher on Thursday, recovering some of Wednesday’s losses as investors seemingly struggle to determine where things stand. There’s clearly a desperate desire to cling on to the optimism that enabled such a strong end to the year but unlike in that period, the data isn’t really playing ball. The releases we’ve […]