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Market picture The cryptocurrency market sometimes exhibits higher volatility compared to the Nasdaq index. On Monday, the cryptocurrency market decreased by 6.5% to reach $3.38 trillion, while the Nasdaq100 was down 2.5%. This was due to the emergence of the startup DeepSleek with its free AI. These concerns were heightened with the anticipation of this […]

The post Crypto Market Down 6.5% Amid Concerns Over US AI appeared first on Action Forex.

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30/12/2024

EUR/USD Tug-of-War Continues, US Dollar Index (DXY) Steady

EUR/USD remains range bound as the year comes to a close, with the pair trading just above 1.0400. ECB policymakers are cautious about future rate cuts due to a sluggish Euro. The US Dollar Index (DXY) held its gains last week, supported by positive US data. The lack of liquidity may mean that upcoming US […]
17/04/2024

Nikkei (NKD) Has Reached Support Zone

Short term Elliott Wave view in Nikkei Futures (NKD) suggests that rally to 40960 ended wave 3. Pullback in wave 4 is currently in progress as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 40025 and wave (b) ended at 40805. Wave (c) lower ended at 39285 and this […]
21/05/2024

USDCAD’s Upturn Still Lackluster

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