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In the dynamic world of financial trading, understanding the nuanced relationship between the Federal Reserve’s key interest rates and Bitcoin can be a game-changer. As a trader, it’s crucial to grasp how these seemingly disparate elements interact, influencing investment strategies and market movements. Is this a definite coincidence? Absolutely not! The Federal Reserve’s key rate, […]

The post Bitcoin 2024: The Story Is Cyclical appeared first on Action Forex.

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23/07/2024

Nasdaq 100: Potential Bullish Reversal Looms Ahead of Alphabet and Tesla Earnings Results

Market breadth indicators (% of component stocks above 20-day & 50-day moving averages) have increased to above 50%. Short-term bullish momentum condition sighted at the retest of its 50-day moving average. Watch the 19,520 key short-term support ahead of a risk event; the earnings results of Alphabet & Tesla after today’s US session close. In […]
29/11/2023

Can USD Recover?

The EURUSD pair is currently making steady gains, approaching multi-month highs around 1.0960, driven by a weakened USD and Christine Lagarde’s somewhat hawkish remarks before the European Parliament. Minor housing data from the U.S., specifically New Home Sales for October, came in below expectations but didn’t significantly impact the pair. Lagarde, President of the European […]
12/08/2024

Hang Seng Index: Medium-Term Bullish Trend Damaged

China’s lacklustre core consumer inflation growth for July suggests the current pace of piecemeal stimulus measures is not sufficient to eradicate deflationary pressures. The “non-abating” deflationary risk scenario pushed the 10-year China sovereign bond yield to a record low of 2.12% last Monday, 05 August. The price actions of the Hang Seng Index have traded […]