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Market picture The crypto market is moving upwards, encouraged by Bitcoin’s positive momentum. Total cryptocurrency capitalisation reached $2.44 trillion, up 1.6% in 24 hours and 0.8% in seven days. Bitcoin added 1.9% in 24 hours to $66.4K, gradually adding since last Thursday. The price hasn’t moved much in recent days, balancing the positivity from the […]

The post Bitcoin Recovers, Altcoins Humbly Follow appeared first on Action Forex.

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24/06/2024

American Apathy Supports Oil

The price of crude Oil rose steadily in the previous fortnight and is starting the new week with a positive trend. This rise emphasises the importance of the 200-week moving average, below which the price has not fallen for a long time for more than three years. The OPEC+ meeting in early June rattled the […]
18/04/2024

Australian Dollar Shrugs Off Soft Job Numbers

The Australian dollar is steady on Thursday. In the European session, AUD/USD is trading at 0.6442, up 0.12%. Australia’s employment declines Australia’s job growth hit the breaks in March and fell by 6,600. This missed the market estimate of a gain of 7,700 and follows a blowout gain of 116,500 in February. Still, the drop […]
21/03/2024

Interesting Divide Between Markets’ and Our Interpretation on Fed

Markets Let’s dive right into yesterday’s Fed meeting. There’s an interesting divide between markets’ and our interpretation. For the former it was nothing but an outright dovish, cuts-are-coming-soon tribute. The three major US stock indices simultaneously closed at record highs. US yields turned south, slipping more than 8 bps at the front. The dollar tanked. […]