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Market picture Crypto market capitalisation is back above $2 trillion, up 1.3% over 24 hours. On Wednesday, the Crypto Fear and Greed Index retreated from extreme fear territory at 17 (the lowest in over two years) to 29. The sharp declines in Bitcoin and Ethereum, sustained by the rumblings of falling stock indices since late […]

The post Bitcoin: From Shock to the Death Cross appeared first on Action Forex.

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AUD/USD: Hawkish RBA and Dovish BoJ Underpin Recovery

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03/06/2024

EURUSD Neutral in Short-Term But Still Bullish in Medium-Term

EURUSD rebounds off 1.0800 and 200-day SMA Trades within narrow range MACD and RSI lack direction EURUSD is currently moving sideways within a two-week consolidation area with upper boundary the 1.0895 resistance and lower boundary the 1.0800 round number. Looking at the momentum indicators, the RSI is lacking direction slightly above the neutral threshold of 50, suggesting that the […]
05/09/2024

Crude Oil Prices Plunge: Can $68 Hold Withstand Pressure?

Key Highlights Crude oil prices gained bearish momentum and declined below $72.00. A major bearish trend line is forming with resistance at $76.00 on the 4-hour chart. Gold could correct lower if it stays below $2,500 for a long time. The US ADP employment could change by 145K in August 2024. Crude Oil Price Technical […]
13/06/2024

Bank of Japan (BoJ) Preview: Potential Cut in Bond Buying to Aid Ailing Yen?

Hawkish FOMC adds further pressure on the BoJ as USD/JPY advances. Speculation builds that the BoJ will announce a more comprehensive cut to its bond buying programme. Fundamental Overview: FOMC Recap and BoJ Outlook The Japanese continued its slide this morning as USD/JPY edged higher toward the 160.00 psychological level. A brief respite yesterday for […]