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Narrow sideways mode extends into third consecutive day after recovery from two-month low (38501 of Jan 23) showed signs of stall at key resistance zone (42500). The price action is on track to form the third straight daily Doji candle which points to strong indecision and contributes to signals that corrective phase might be over. […]

The post Bitcoin – Recovery Faces Increased Headwinds at Key Resistance Zone appeared first on Action Forex.

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22/07/2024

Biden Leaving Election Races Dominates Headlines

Markets Markets and several economic sectors Friday morning faced some jitters due to an IT outage linked to problems with an security update by CrowdStrike. It added to a risk-off tone at the final session of the week. Major US and EMU equity indices lost slightly less than 1.0% (S&P 500 -0.71%, Eurostoxx 50 -0.88%). […]
01/12/2023

WTI Oil: Oil Price Extends Advance as OPEC+ Rolls Over Production Cuts

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01/08/2024

Dollar Trades Remarkably Resilient Given Risk On and Yield Drop

Markets The Fed kept the policy rate unchanged yesterday at 5.25-5.5%. The new statement featured some important changes compared to the June one, which are seen as paving the way towards a first, September rate cut. It noted that there was some further progress of inflation, which they now label as “somewhat” elevated, while striking […]