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Market Picture The cryptocurrency market is under pressure, losing about 4.6% in 24 hours to $3.2 trillion by the start of active trading in Europe. These are five-day lows, with the crypto market driven by a sell-off in safe havens such as Bitcoin and Gold in hopes of deescalating tensions between Lebanon and Israel. Separately, […]

The post Crypto Market Deepens Correction appeared first on Action Forex.

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06/12/2023

Nasdaq – How Sustainable is the Stock Market Rally? PMIs a Positive Surprise

Are interest rate expectations too optimistic? PMI revisions positive but the outlook is broadly unchanged NAS100 nears all-time highs Equity markets in Europe and the US continued to edge higher on Tuesday despite many now questioning whether investors are getting too carried away. The rally appears to be based on the view that central banks […]
03/09/2024

USDJPY Wave Analysis

USDJPY reversed from support level 144.00 Likely to rise to resistance level 149.35 USDJPY currency pair recently reversed up from the strong support level 144.00 (which has been reversing the price from January) standing near the lower daily Bollinger Band. The upward reversal from the support level 144.00 created the daily Japanese candlesticks reversal pattern […]
30/11/2023

Focus Turns to EA and US Inflation

Market movers today Today we get the HICP inflation numbers for the euro area. After yesterday’s lower-than-expected Spanish and German prints, consensus expects the euro area figure at 2.5% y/y. At 14:30 FED’s preferred inflation gauge is released. Consensus expects the PCE core to slow down to 0.2% m/m SA, mirroring a similar decline in […]