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Market picture Negative momentum in equities after the US inflation report triggered a quick correction but only attracted new buyers who saw it as an opportunity to buy cheaper. In 24 hours, the crypto market added another 1.5% to reach $1.91 trillion. Now, buying is concentrated in a narrow range of the largest coins. We […]

The post Crypto Market Shows No Sign of Stopping appeared first on Action Forex.

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12/08/2024

British Pound Calm ahead of UK Jobs Report

The British pound is drifting on Monday. GBP/USD is trading at 1.2768 early in the North American session, up 0.08% on the day. Wage growth expected to slide The UK releases the employment report for the three months to June and we could see signs of a cooling labour market. Annualized average earnings including bonuses, […]
19/07/2024

ECB Not Confident that September Will Bring the Second Rate Ccut

TSM announced better-than-expected quarterly results and lifted its growth projections for this year’s revenue. Good news helped limiting the previous day selloff in chip stocks yesterday but couldn’t prevent the S&P500 and Nasdaq 100 from closing Thursday’s session with losses. The S&P500 fell 0.78% and Nasdaq 100 lost almost 0.50%. Nvidia rebounded more than 2.50% […]
29/11/2023

EUR/USD: Bulls Taking Breather After Cracking Psychological 1.1000 Barrier

EURUSD is consolidating under new multi-week high on Wednesday, after bulls cleared pivotal Fibo resistance at 1.0959 (61.8% of 1.1275/1.0448 downtrend) and cracked psychological 1.10 barrier. The Euro received fresh support from expectations that the Fed is done with rate hikes and rising bets for start of cutting interest rates in the first half of […]