Logo-color Logo-white

Market picture Crypto market capitalisation at around $1.62 trillion is less than 1% higher than it was seven days ago, thanks to a growth spurt on Friday. Bitcoin has added 3% in the same period and continues to be the driving force behind crypto volatility. The sentiment is gradually returning to greed territory, taking the […]

The post Crypto Has Retreated from Lows, But No Rush for Growth appeared first on Action Forex.

previous

EUR/USD At Risk of Fresh Lows Below 1.0800

next

Swiss Franc Recovering, But Will SNB Shift Policy?

Read More

25/06/2024

Spotlight on US Consumer Sentiment

In focus today Today’s schedule is light in terms of data releases. In the US we get the Conference Board Consumer Confidence numbers for June at 16.00 CEST. A Reuters poll has consensus expecting 100.0, slightly down from 102.0 in May. In Sweden, May PPI is released at 08.00 CEST. Its development has been normalized […]
06/03/2024

Bitcoin Hits Record, Gold Rises Before Powell Testimony

Bitcoin hit a record. The price of a coin advanced past the $69K, then shortly dipped below $60K, and is now settling at around the $65K. Volatility is high as the coin flirts with new record levels. The latter attracts new interest and speculation, of course. Fundamentally, though, the demand is surging thanks to the […]
05/03/2024

Hang Seng Index Technical: Countertrend Rebound Phase May Have Ended

Lacklustre movement was seen in China & Hong Kong benchmark stock indices today after the release of China Premier Li Qiang’s economic work report during the second day of the “Two Sessions”. Premier Li Qiang has officially announced China’s 2024 GDP growth target of around 5% (within consensus) and stuck to the same rhetoric of […]