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Isn’t it amazing how investors ignore the hawkish Federal Reserve (Fed) comments but fully embrace the dovish commentaries. Fed’s Thomas Barkin’s words that suggested that the Fed could cut rates if recent progress inflation continues sent the Nasdaq 100 to a fresh record for the 3rd consecutive day and the S&P500 to a fresh ytd […]

The post UK Inflation Falls Faster Than expected appeared first on Action Forex.

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23/04/2024

BTC/USD – Slight Bullish Bias Above Daily Cloud, But Stronger Direction Signals Still Needed

Bitcoin is consolidating in early Tuesday, after advancing 2.8% on Monday and remains constructive as the latest jump has generated positive signal on a marginal close above important barriers at $66144 (50% retracement of $72750/$59538) and $66330 (top of ascending daily Ichimoku cloud). Geopolitics and broader financial market sentiment remain bitcoin’s main driver, with conflicting […]
27/08/2024

Oil Price Rises on Libyan Supply Concerns

In focus today From the US, Conference Board’s consumer confidence index for August is due for release. The preliminary survey from the University of Michigan that was released earlier showed consumers turning increasingly optimistic about the future, but also more worried about the current economic situation. We expect the Central Bank of Hungary to keep […]
05/12/2023

ETHUSD Posts a Fresh 18-month High

Ethereum jumps to its highest since May 2022 Advance eases as oscillators point at overbought conditions ETHUSD (Ethereum) has experienced a strong rally since late October, which propelled the price to a fresh 18-month peak of 2,274 on Monday. However, the uptrend seems to be losing some steam, with both the RSI and stochastics touching their […]