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Market Picture In the outgoing week, Bitcoin updated an all-time high, approaching a price of $110K and dragging the entire crypto market up with it. On Friday morning, capitalisation is moving up again, settling above $3.63 trillion. The market needs time to adjust to the current highs, and so far, there are more signs that […]

The post Crypto Market Has Increased Volatility appeared first on Action Forex.

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22/02/2024

Crude Oil Price Fails Again at $78.80, Are Dips Supported?

Key Highlights Crude oil prices failed again to clear the $78.80 and $79.20 levels. It traded below a major bullish trend line with support at $77.65 on the 4-hour chart. Gold prices could gain bullish momentum above $2,032. The US Manufacturing PMI could remain stable at 50.5 in Feb 2024 (Preliminary). Crude Oil Price Technical […]
22/10/2024

Sunset Market Commentary

Markets Markets initially followed a similar scenario yesterday. Even as there was little in the way of hard economic news, US and EMU yields tried a next step north. However, this time the move had less momentum. Remarkably, US yields were the first to run into resistance and currently ease between 1 bp (2-y) and […]
04/09/2024

AUD/USD Steady Despite Weak GDP

The Australian dollar is drifting on Wednesday. AUD/USD is trading at 0.6704 in the European session, down 0.10% today at the time of writing. The Australian dollar took a bath a day earlier, sliding 1.1%, one of the sharpest daily declines this year. Australia’s GDP dips to 0.2% Australia’s economy gained a paltry 0.2% q/q […]