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Market picture Crypto market capitalisation added 1.2%, recovering to Monday’s levels of $2.28 trillion. On 25 June, the Crypto Fear and Greed Index fell into “fear” territory at 30 points, the lowest since September 2023. On 26 June, the index recovered to 46. Both in September and now, the price and index’s sudden drop out […]

The post Will There Be Rebound Development in Bitcoin? appeared first on Action Forex.

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15/02/2024

All Eyes on US Retail Sales

In focus today In the US, January retail sales and industrial production data is due for release. Consensus expects some moderation in retail sales growth, even though early credit card data suggests that consumption has remained brisk at the start of the year as well. The NAHB housing market index and initial claims data will […]
07/08/2024

EUR/CHF Outlook: Bounces from Multi-Year Low on Fresh Risk Appetite/SNB Intervention Talks

EURCHF edged higher in early trading on Wednesday on s=initial signals that risk appetite is gaining traction. The pair from new multi-year low after being hit by surge in risk aversion in past few days, sparked by worsening economic and geopolitical conditions, which provided strong tailwinds to safe-haven Swiss franc. Strong bounce from new low […]
02/07/2024

EURCAD Wave Analysis

EURCAD reversed from support zone Likely to rise to resistance level 1.4780 EURCAD recently reversed up with the daily Hammer from the support zone located between the key support level 1.4580 (which has been reversing the price from the start of April) and the lower daily Bollinger Band. The upward reversal from this support zone […]