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Market picture The crypto market rose another 0.5% over the past 24 hours to $2.75 trillion. The Cryptocurrency Fear and Greed Index remained at 81 (extreme greed). But the past day was not a quiet one. Bitcoin briefly broke above $73K in a sharp move, triggering an avalanche of stop orders that drove the price […]

The post Bitcoin Fluctuates But Keeps Its Direction appeared first on Action Forex.

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28/03/2024

Australian Dollar Slides After Weak Retail Sales Report

The Australian dollar is down sharply and has fallen to a three-week low. In the European session, AUD/USD is trading at 0.6491, down 0.66%. Australia’s retail sales rise 0.3% Australia’s retail sales slipped in February to 0.3% m/m, a sharp drop from the 1.1% gain in January and shy of the market forecast of 0.4%. […]
02/04/2024

German Inflation as a Bellwether for Euro Area Inflation on Thursday

In focus today In the US, JOLTs Job Openings are due for release for February. As companies have reported cooling hiring plans and availability of workers has improved, we expect job openings to trend lower over the coming months, which would pave way for the first rate cut from the Fed. In the euro area, […]
02/05/2024

USD/JPY Slides – Did Tokyo Intervene?

It has been a remarkable week for the yen, which has exhibited sharp swings throughout the week. The Japanese yen fell as much as 1% earlier and on Thursday but has pared most of those losses. USD/JPY has risen 0.38% to 155.19 at the time of writing. In the Asian session, the yen fell as […]