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Today, the price of Ethereum exceeded the level of 2,440 per token, thereby setting a new high for 2023. It is noteworthy that the price of Bitcoin did not support the bullish sentiment, continuing to fluctuate around the USD 43,000 level for the fifth day. What is the reason for the growth of ETH/USD from […]

The post ETH/USD Analysis: New Record of the Year appeared first on Action Forex.

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USD/JPY Price Analysis: Declines to five-month low, trades near 140.80

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22/04/2024

SPX 500: How Low Can the Correction Go?

The S&P 500 has recorded three consecutive weekly losses since its recent all-time high level of 5,265 printed on 28 March 2024. Last week’s decline of -3.05% was its worst weekly performance since early March 2023. A clear break below its upward-sloping 50-day moving average put its medium-term uptrend phase in jeopardy. The current multi-week […]
18/04/2024

Sunset Market Commentary

Markets German Bund yields in fixed income markets gapped lower at the open this morning, catching up with US Treasuries late yesterday and in Asian dealings this morning. The drop was followed by a drift higher only to reverse course again after some comments from Villeroy. The French ECB governor said he’s open to rate […]
04/04/2024

USDJPY Hovers Beneath 152 Ceiling as Bulls Refuse to Give Up

USDJPY remains stuck within 151-152 range Neutral trend looks safe for now But strong support keeps bullish forces alive USDJPY has been gradually inching higher after dropping near the floor of the sideway range at the end of March to briefly touch 151.01. Prices made it all the way to 151.94 on Wednesday before easing […]