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Market Picture The crypto market has gained 2.1% in the last 24 hours to reach $2.08 trillion. The rise in the stock market has brought buyers back to Bitcoin, which has positively impacted cryptocurrencies. The sentiment index is still in the fear zone, but at 45, it is already close to neutral territory. This shows […]

The post Crypto Market Gets a Boost from Stocks appeared first on Action Forex.

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05/02/2024

S&P 500 Wave Analysis

S&P 500 broke key resistance level 4930.00 Likely to rise to resistance level 5000.00 S&P 500 index rising inside the minor impulse wave 3 which previously broke above the key resistance level 4930.00 (which stopped the previous minor impulse wave i at the end of last month). The breakout of the resistance level 4930.00 accelerated […]
18/06/2024

GBPUSD Falls to a Fresh 1-Month Low

GBPUSD declines to its lowest level since May 17 Momentum indicators ease but remain in positive zones GBPUSD was in a steady recovery following its bounce off the 2024 bottom of 1.2298, with the price violating both the 50- and 200-day simple moving averages (SMAs). In the near term, although the pair surged to a three-month high […]
02/05/2024

RBA Decision: Will a Rate Hike be Back on the Table?

RBA meets amid uptick in Australian inflation Muddied economic outlook may complicate policy path Aussie remains choppy ahead of Tuesday’s decision (04:30 GMT) Inflation setback The Reserve Bank of Australia is no stranger to policy flip-flops and the May decision may just add to the tally. Having dropped their tightening bias as recently as the […]