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Market picture The US Securities Commission (SEC) has announced the approval of the Bitcoin-ETP. The initial fake announcement of this created a spike in volatility. This is a stark reminder of how short-term traders are vulnerable to volatility from the news. Bitcoin soared to $48K before returning below $45K. Technically, these moves fit into a […]

The post After Bitcoin-ETF Approval, Speculators Switch to Ethereum appeared first on Action Forex.

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Finally! The SEC Approves all 11 Applications for Bitcoin ETFs

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GBP/USD Flat Ahead of US Inflation Data

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10/05/2024

GBP/USD Analysis: Pound Recovers After the Bank of England Decision

Yesterday, the Bank of England published its interest rate decision. According to ForexFactory, the votes were distributed as follows: → rate hike – 0 votes, cut – 2 votes, unchanged – 7 (0 – 2 – 7); → forecast: 0 – 0 – 9; → previous values: 0 – 1 – 8. For the first […]
25/04/2024

BTCUSD Retreats After Unsuccessful Test of 50-SMA

BTCUSD regains ground in the halving aftermath But the price gets rejected at the 50-day SMA Momentum indicators are tilted to the downside BTCUSD (Bitcoin) had been in a slow but steady recovery after the completion of the halving event on April 19, erasing a significant part of its recent slump. However, the rebound appears to be […]
24/01/2024

Netflix Beats

Netflix jumped 8% in the afterhours trading as its revenue and new subscriptions topped estimates. More than 13 mio people decided that Netflix was worth paying for, and the number of total paid subscribers rose past 260 mio. The password sharing ban has been a boon for the company. The only thing they regret is […]