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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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27/08/2024

Interest Rate Markets Looking for New Short-Term Equilibrium

Markets Interest rate markets were looking for a new short-term equilibrium for the post-Jackson Hole era yesterday. Early in the session, yields tried to build on Friday’s decline as Fed Chair Powel officially rubberstamped the start of a genuine rate cut cycle in September while leaving all options open on the pace of easing. However, […]
21/11/2024

The Beginning of the Worries

Nvidia announced another very strong quarter after the bell. The company surpassed its own revenue forecast by around $2bn (again!) and printed a sales number of $35.1bn. That’s around $5bn more than last quarter’s number and almost the double of the amount earned during the same period a year ago. The company printed a total […]
04/12/2024

Yen Strengthens on Rate Hike Expectations; Euro Tests Recent Lows

USD/JPY Over the past week, the USD/JPY pair dropped by approximately 500 pips. As anticipated, sellers tested the critical 150.00–149.00 range. This level may serve as the starting point for an upward corrective rebound. The sharp decline in USD/JPY is likely tied to recent comments from the Bank of Japan’s Governor, Kazuo Ueda, hinting at […]