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Key Highlights Bitcoin price started a fresh increase and traded to a new all-time high above $75,000. BTC surpassed a major bearish trend line with resistance at $69,200 on the 4-hour chart. Gold prices dipped sharply below the $2,720 support zone. EUR/USD took a U-turn and traded below the 1.0760 support after Trump’s win. Bitcoin […]

The post Bitcoin Price Soars To Record Levels Amid Trump’s Presidential Win appeared first on Action Forex.

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11/04/2024

Euro Stabilizes Ahead of ECB Decision

The euro is steady on Thursday, after sliding over 1% on Wednesday following the hot US inflation report. In the European session, EUR/USD is trading at 1.0745, down 0.03%. ECB widely expected to hold rates The European Central Bank meets later today and is widely expected to hold the deposit rate at 4% for a […]
08/06/2024

US: Payrolls Surge in May, While Unemployment Rate Ticks Up to 28-month High of 4.0% 

Non-farm employment surged by 272k in May, well ahead of the consensus forecast calling for a more moderate gain of 185k. Job gains in the two prior months were revised slightly lower, subtracting a combined 15k from the previously reported figures. Private payrolls rose 229k, with most of the gains concentrated in health care & […]
10/06/2024

Sunset Market Commentary

Markets Elections for the European Parliament this time didn’t pass unnoticed on European markets. They clearly left investors with quite a degree of unease. The ‘gamble’ of French President Macron to call snap elections in an attempt to block the ascent of the far-right Rassemblement National (RN) illustrates the difficulties of center parties to politically […]