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Key Highlights Bitcoin price extended its rally above $65,000 and $68,000. BTC cleared a rising channel with resistance at $65,750 on the 4-hour chart. Ethereum also rallied above the $3,450 and $3,500 resistance levels. Gold prices are accelerating higher toward the $2,120 resistance. Bitcoin Price Technical Analysis Bitcoin price remained in a strong uptrend above […]

The post Bitcoin Price Breaks $68K and Eyes New ATH, Why Dips Are Attractive appeared first on Action Forex.

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27/05/2024

Trading Probably Will Take a Slow Start

Markets With investors looking ahead to a long weekend in the US and the UK; the upleg in core yields slowed on Friday. US and EMU yields closed with changes of less than 1.5 bps across the curve. US durable goods orders (+0.7% M/M) and core shipments (+0.4% M/M) printed stronger than expected, but coming […]
30/11/2023

Sunset Market Commentary

Markets: At the start of trading this morning, core (US) bonds showed tentative signs of taking a breather after their recent rally. However, French data again perfectly fit the recent bond friendly market momentum. French Q3 GDP growth was downwardly revised from +0.1% to -0.1%. October consumer spending fell off a cliff (-0.9% M/M) and, […]
13/12/2023

NZD/USD Slips Ahead of GDP, Fed Meeting

New Zealand GDP expected to decelerate US inflation ticks lower Fed widely expected to pause The New Zealand dollar is sharply lower in Wednesday trade. In the European session, NZD/USD is trading at 0.6095, down 0.61%. US inflation ticks lower, all eyes on Fed US inflation ticked lower in October as expected and the release […]