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Market Picture The crypto market cap rose by 1.4% to $2.31 trillion. Cryptocurrencies and equities are now out of sync (there was profit-taking in equities), but they maintain a general upward bias. The crypto market is forming an uptrend, which will be confirmed if local highs exceed the previous high of $2.32 trillion. Bitcoin received […]

The post Crypto Market Trying to Form an Uptrend appeared first on Action Forex.

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EUR/USD Continues Downward Amid Economic Uncertainties

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11/04/2024

US Dollar Strengthens Following High Inflation Data

The EUR/USD pair has experienced a significant decline, stabilising around 1.0745 by Thursday. This movement follows the US releasing inflation data that exceeded expectations, underscoring the ongoing battle against inflation. The March consumer price index (CPI) increased by 0.4% month-on-month, matching February’s rise but surpassing the anticipated 0.3%. The annual inflation rate intensified to 3.5% […]
05/08/2024

Global Stock Rout as Nasdaq 100 Futures Falls 6%, Safe Havens Bid

Global markets extend losses, Nikkei plummets, Nasdaq 100 enters correction territory. Selloff attributed to recession fears, profit-taking, and geopolitical tensions. Goldman Sachs raises recession odds, Australian government increases terrorism threat level. Nasdaq 100 technical analysis indicates potential for further decline or dip-buying rebound. Global markets extended their losses in Asian trading as concerns about a […]
29/11/2023

EUR/GBP: Falls to Six-Week Low

EUR/GBP remains in red for the fifth consecutive day and fell to the lowest I six weeks on Wednesday. The pair is trending lower within thick daily cloud, as break of pivotal supports at 0.8661 (Fibo 38.2% of 0.8492/0.8765) and 0.8650 (Nov 6 former higher low) generated fresh bearish signals and added to negative stance. […]