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Market picture Volatility in the cryptocurrency market remains subdued, keeping the capitalisation near $1.56 trillion for the third day. Meanwhile, Bitcoin remains around $40K, and Ethereum looks pegged to $2200. The drop in equity indices over the past 24 hours hasn’t been too much of a concern for cryptocurrency investors so far, as it looks […]

The post Ethereum Could End Consolidation With a Dip Towards $2000 appeared first on Action Forex.

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14/08/2024

Three Times CPI on the Menu

In focus today Today we get CPI numbers out of the US, UK, and Sweden. In the US, we expect both headline and core CPI to come in at 0.2% m/m seasonally adjusted. The release is the second to last before the next FOMC meeting in September, and the Fed will undoubtedly keep close watch […]
06/06/2024

AUDJPY Wave Analysis

AUDJPY reversed from support level 103.00 Likely to rise to resistance level 104.50 AUDJPY currency pair recently reversed up from the key support level 103.00 (which has been reversing the price from the middle of May). The support level 103.00 was strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of […]
03/01/2024

British Pound Starts New Year’s With a Tumble

The British pound is steady on Wednesday after sharp losses a day earlier. In the European session, GBP/USD is trading at 1.2632, up 0.11%. UK Services PMI expected to accelerate UK Services PMI will be released on Thursday. The services sector, which is responsible for most of the economy’s growth, hit a rough patch late […]