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Bitcoin price fell 2.6% in Asian / European trading on Monday, after the dollar received fresh boost from the latest comments from Donald Trump. Although today’s dip was the biggest in one week, the price so far stays above significant 95K support (psychological / floor of congestion that extends into fifth consecutive day) keeping near-term […]

The post Bitcoin Eases But Overall Picture Remains Bullish Above 90K and Keeps 100K Target in Focus appeared first on Action Forex.

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02/01/2024

EUR/USD Stays Around 1.1030, Focus on US ISM Manufacturing PMI, FOMC Minutes

EUR/USD stays calm after pulling back from recent highs as US Dollar improves. Euro advanced by 3.16% against the Greenback in the year 2023. DXY may be retested on the market’s bets on the Fed’s easing in early 2024. EUR/USD hovers around 1.1030 during the Asian session on Tuesday post pulling back from the recent […]
08/03/2024

Canada’s Labour Market Adds Jobs in February, Weak Underlying Details

The Canadian labour market added 40.7k positions in February, with full-time employment up 70.6k and part-time employment down 29.9k. The unemployment rate increased 0.1 percentage point to 5.8% and the participation rate was flat at 65.3%. Employment by industry showed gains in the service sector, with accommodation and food services (+26k) and professional, scientific, and […]
26/08/2024

Gold Wave Analysis

Gold reversed from key support level 2475.00 Likely to rise to resistance level 2535.00 Gold just reversed up from the key support level 2475.00 (former strong resistance which stopped the previous impulse waves (i) and i) coinciding with the 38.2% Fibonacci correction of the previous sharp upward impulse from the start of August. The upward […]