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Today, some traders may still be away due to Columbus Day in the US, though the stock market is open while the bond market is closed. But this could still lead to thinner liquidity. The most important event this week will likely be the ECB interest rate decision on Thursday, but before that, we have […]

The post Dollar Index With Strong Support at 101.80 -102 appeared first on Action Forex.

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06/08/2024

Bitcoin’s Bear Rally?

Market picture The cryptocurrency market has survived the peak of fear, finding the strength to consolidate during European trading and begin a recovery during active hours in the Americas. As a result, the crypto market capitalisation is up 11.3% in 24 hours to $1.98 trillion. That’s still -17% in seven days. Bitcoin was trading at […]
28/09/2024

U.S. Personal Income and Spending Grow Less Than Expected in August

Personal income grew 0.2% month-on-month (m/m) in August, down from July’s 0.3% gain and below market expectations (0.4%). Accounting for inflation and taxes, real personal disposable income grew a modest 0.1% for a third consecutive month. Personal consumption expenditures grew 0.2% m/m in August. This was lower than the 0.5% recorded in July, and below […]
08/10/2024

GBPUSD lLses 3% from 2½-Yyear High

GBPUSD stops near 1.3100 Momentum oscillators suggest upside recovery GBPUSD is pausing its downward wave that started from the two-and-a-half-year high of 1.3433, hovering near the 50-day simple moving average (SMA) marginally beneath the 1.3100 round level.   The pair has lost around 3%, with the technical oscillators indicating the end of the southward move. […]