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Market picture Crypto market capitalisation rose 5.2% over the past seven days to $2.41 trillion. Over the weekend, it reached $2.44 trillion, its highest level in nearly four weeks. Bitcoin is treading near local highs, remaining just below $67K. That’s a gain of 8.4% in seven days and a retest of the previous peak area […]

The post Bitcoin Cautious Despite Global Rise in Risk Appetite appeared first on Action Forex.

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28/03/2024

Australian Dollar Slides After Weak Retail Sales Report

The Australian dollar is down sharply and has fallen to a three-week low. In the European session, AUD/USD is trading at 0.6491, down 0.66%. Australia’s retail sales rise 0.3% Australia’s retail sales slipped in February to 0.3% m/m, a sharp drop from the 1.1% gain in January and shy of the market forecast of 0.4%. […]
14/08/2024

Gold Aims for Critical Upside Break, US CPI Next

Key Highlights Gold is attempting a fresh increase above the $2,440 support zone. A major bullish trend line is forming with support at $2,400 on the 4-hour chart. Oil prices extended gains and climbed above the $77.50 resistance. The US Consumer Price Index could increase by 2.9% in July 2024 (YoY), down from +3%. Gold […]
07/03/2024

USD/CAD Analysis: Canadian Dollar Strengthens after Bank of Canada Decision

The Bank of Canada has decided to keep interest rates at 5.0% for the fifth time in a row, it announced yesterday, as it continues to look for clearer signs that inflation is moving closer to the bank’s 2% target before considering rate cuts. According to Bank of Canada Governor Tiff Macklem: → the Bank […]