Logo-color Logo-white

Market picture The crypto market lost 0.75% in 24 hours to $2.29 trillion. A day earlier, we noted a decline in cryptocurrencies in contrast to the positivity in equities on Wednesday, and then synchronised selling prevailed on Thursday. Meanwhile, the sentiment index remains at 57 (greed). This is bad news for the market right now, […]

The post Bitcoin Fends Off Bear Attack, Clinging to Levels appeared first on Action Forex.

previous

Market Analysis: Gold Price Regains Strength While Oil Price Takes Hit

next

USD/JPY – Surging Yen Improves to 15-week High

Read More

15/03/2024

Is USDCAD Poised for Another Bullish Round?

USDCAD brings key resistance in focus after rebound Technical signals are encouraging, but a bullish outlook expected above 1.3600 USDCAD made a strong comeback on Thursday, surpassing its simple moving averages (SMAs) and breaching the 1.3500 level after encountering fresh buying around the familiar long-term line from November 2022. The 50% Fibonacci retracement of the […]
04/03/2024

Euro Area Inflation Fell Less Than Expected

In focus today We get the euro zone Sentix Investor Confidence index this morning at 08.30 CET. In China the annual key policy event the ‘Two Sessions’ kicks off today. Focus is on the government’s work report at the National People’s Congress (NPC). The report will among other things include China’s 2024 growth target, which […]
17/04/2024

Getting Ready for a Decline in Gold

Gold has been behaving erratically, having had a positive and negative correlation with global risk appetite in recent days. On Friday, the price set an all-time high above $2430, losing $100 before the end of that day, nullifying the most furious final part of the rally within four hours. The final sell-off was in unison […]