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Market picture The cryptocurrency market remained in the same position as the day before, with a capitalisation of $2.09 trillion (+0.07% in 24 hours). Bitcoin’s price stabilised after the crash, with Solana losing 3% and Ethereum recovering 2% over the same period. Bitcoin buyers beat back several waves of selling on Wednesday, preventing the price […]

The post Ethereum: Rebound on the Long Road to Sunset appeared first on Action Forex.

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EUR/USD – ECB Keeping Close Tabs on German, Eurozone CPI

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15/12/2023

After Recent Sharp Decline in Yields, Market Dynamics Might Gradually Change a Bit

Markets The ECB and the Bank of England yesterday as expected left their policy rates unchanged at respectively 4% and 5.25%. Contrary to the Fed they didn’t ratify aggressive rate cut bets yet. In its new staff projections, the ECB downwardly revised its path inflation for this year (5.4% from 5.6%) and next year (2.7% […]
19/04/2024

Gold Hits Record High Amid Growing Geopolitical Tensions

Gold prices have soared past 2400.00 USD, reaching a new record high on Friday. This marks the fifth consecutive week of gains for the precious metal, fuelled by increasing market demand for “safe-haven” assets amid escalating geopolitical tensions and uncertain global economic conditions. The recent sharp increase in geopolitical tensions, particularly in the Middle East, […]
20/02/2024

GBPAUD Wave Analysis

GBPAUD reversed from resistance level 1.9400 Likely to fall to support level 1.9200 GBPAUD currency pair recently reversed down from the resistance level 1.9400 (which has been repeatedly reversing the pair from the middle of January). The downward reversal from the resistance level 1.9400 created the 3rd consecutive candlesticks reversal pattern Bearish Engulfing. Given the […]