Logo-color Logo-white

Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below the bi milestone of $2 trillion. This level acted as resistance in early February and support since May, except for a brief dip in early August. The horizontal correction pattern risks turning into a downtrend if the market breaks below […]

The post Bitcoin Pressured by Risk-Off Mood appeared first on Action Forex.

previous

Gold Rallies as Market Bets on Rapid Fed Monetary Easing

next

Sunset Market Commentary

Read More

21/12/2023

After BoJ Decision, Yen Traders Turn to CPIs and Summary of Opinions

BoJ keeps policy ultra-loose, does not hint at change Friday’s data may reveal slowdown in inflation Wage negotiations key for exiting negative rates Next week’s Summary of Opinions also in focus Yen traders turn attention to national CPI numbers On Tuesday, the Bank of Japan decided unanimously to keep interest rates untouched at -0.1% and […]
10/09/2024

GBP/USD Steady as UK Wage Growth Eases GDP Next

The British pound has edged lower on Tuesday. In the North American session, GBP/USD is trading at 1.3055, down 0.14% on the day. UK wage growth drops to 2-year low UK wage growth eased in the three months to July, an encouraging sign for the Bank of England as it looks to continue lowering rates. […]
02/07/2024

UK 100 Index Experiences Pre-election Decline

UK 100 index erases June’s recovery attempt as the UK election looms A break below 8,055 could worsen short-term outlook The UK 100 stock index (cash) continues to suffer for the sixth consecutive trading day, extending its downleg aggressively to the critical support zone of 8,110 on Tuesday ahead of the election day on July […]