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Market picture The crypto market remains stable while waiting for further signals. The crypto cap is up 0.4% in 24 hours to $1.64 trillion. Bitcoin is trading at $42.7K – virtually unchanged in 24 hours, just 1.4% lower than a week ago and a 1.8% decrease over 30 days. Don’t think that the first cryptocurrency […]

The post Bitcoin is Looking at Stocks, and That’s Worrisome appeared first on Action Forex.

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What Now for US Dollar After Rate Cut Delay?

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11/04/2024

Is There a Possibility of No Fed Rate Cuts This Year?

A summer rate cut by the Fed hangs in the balance amid persistent inflation Rate cut bets have been scaled back from more than six to around two But limited fallout on Wall Street; can the risk rally survive no rate cuts? Waiting for the elusive rate cut Ever since the Fed signalled it was […]
18/01/2024

WTI Oil Futures Swing Within Neutral Triangle

WTI oil futures extend horizontal move Resistance at 73.85; support at 69.60  WTI oil futures (February delivery) have been in a range so far in January, printing a neutral triangle pattern at the bottom of the broad bearish channel. Given the RSI’s continuous efforts to climb above its 50 neutral mark and the improvement in […]
29/04/2024

USDJPY Wave Analysis

USDJPY broke key resistance level 155.00 Likely to rise to resistance level 160.00 USDJPY currency pair recently broke the key resistance level 155.00, which led to the acceleration of the active impulse waves 3 and (3). The pair earlier broke the major resistance level 151.25 (which has been reversing the pair from 2022) – which […]