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Market Picture The crypto market capitalisation remained at $2.04 trillion, the same as the previous day, although it fell to $2.01 trillion during the day before rebounding on Tuesday morning. The Cryptocurrency Sentiment Index returned to the fear zone after briefly rising to neutral levels on Saturday and Sunday. Bitcoin is trading at $58.6K, having […]

The post Fear Does Not Leave the Crypto Market appeared first on Action Forex.

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18/09/2024

Sharply Deteriorating Business Sentiment in Germany

German business sentiment deteriorated sharply in September, according to ZEW data. The relevant index fell to 3.6, the lowest level since October 2023. The situation was even worse for the component assessing current conditions, which fell to -84.5, the lowest since 2020 and near the historic low. The three-month downtrend in the sentiment index has […]
16/03/2024

Weekly Economic & Financial Commentary: FOMC Likely on Hold Until Summer

Summary United States: The Equinox and the Struggle to Find Balance Spring is a time for new beginnings, and we see fresh possibility in some of this week’s less-than-stellar data. It may eventually help bring the needed balance into place to get inflation closer to the FOMC’s target. Next week: Housing Starts (Tue.), Existing Home […]
14/06/2024

USDCAD Remains Bullish With Weak Momentum

USDCAD fails to extend above 1.3785 Stochastics suggest bearish retracement USDCAD is still developing above the short-term simple moving averages (SMAs), which are ready for a bullish crossover, and above the medium-term uptrend line. Technically, the MACD oscillator is moving sideways above the zero level; however, the stochastic oscillator is indicating a negative movement as […]