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Market Picture The crypto market capitalisation has reached $2.75 trillion, approaching the peak of $2.77 trillion reached in March this year. The next target for the crypto bulls looks to be the historical highs at $2.86 trillion and possibly even the next round level of $3.0 trillion. Bitcoin has broken the upper boundary of the […]

The post Altcoins Acceleration Amid Bitcoin’s New Heights appeared first on Action Forex.

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30/07/2024

Sunset Market Commentary

Markets A slew of European data hit the wires today and after wrapping up this report some more are scheduled for release in the US (JOLTS, consumer confidence). GDP Q2 growth numbers were due in Hungary and the Czech Republic (see below), in core countries including Germany & France and the European periphery (Spain & […]
16/05/2024

GBP/USD Kickstarts Fresh Surge Amid Sharp Decline In Dollar Value

Key Highlights GBP/USD started a decent increase and climbed above 1.2600. A key bullish trend line is forming with support at 1.2580 on the 4-hour chart. Gold prices cleared the $2,375 resistance to move into a positive zone. USD/JPY dipped again and traded below the 155.00 level. EUR/USD Technical Analysis The British Pound started a […]
13/12/2023

EUR/USD, GBP/USD, USD/JPY Analysis: Dollar Falling ahead of Fed Report

At the upcoming meeting, the American department is not expected to take steps aimed at changing monetary parameters. At the same time, officials will likely abandon overly hawkish or dovish rhetoric and focus on incoming macroeconomic data. November inflation statistics were published yesterday: as expected, the rate of growth in consumer prices accelerated from 0.0% […]