Logo-color Logo-white

Market picture Since Friday, the crypto market has been in a mood of easy greed, as evidenced by the corresponding index, which reached 55 on Monday, close to levels at the beginning of the month. Market capitalisation has also returned to $2.25 trillion, the highest since August 2. A decisive breakthrough came on Friday when […]

The post Light Greed of Crypto Market appeared first on Action Forex.

previous

EUR/USD Outlook: Looks for Test of 2023 High After Limited Correction

next

Japanese Yen Gains as USD Weakens and BOJ Signals Possible Rate Hike

Read More

19/08/2024

Gold (XAU/USD) Nears Record Highs Amid Geopolitical Uncertainty and Fed Speculations

The price of gold continues its impressive ascent, balancing around $2500 per troy ounce early this week, hovering near record peaks. The primary catalyst driving this rally is the intensified demand for safe-haven assets amid ongoing geopolitical tensions. The spotlight remains on the Middle East conflict, with U.S. Secretary of State Antony Blinken slated to […]
20/05/2024

Gold Hits New Record High

On Monday, a troy ounce of gold set a new price peak of 3438.00 USD. This surge was fuelled by renewed speculation about potential interest rate cuts by the US Federal Reserve, vigorous gold purchases by banks globally, and strong investor demand for safe-haven assets. Recent statistics indicating a slowdown in consumer inflation in the […]
17/01/2024

EUR/AUD Technical: AUD’s Underperformance Remains Sticky

Current bout of risk-off behaviour has triggered an underperformance of higher beta risk-sensitive currencies such as the AUD. China Premier Li Qiang’s speech in Davos has signalled “a lesser need” for China to enact massive stimulus measures which in turn may see lesser industrial commodities exports from Australia in the near term. AUD’s weakness has […]