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Key Highlights Bitcoin price started a fresh rally and traded to a new all-time high at $107,643. BTC cleared a connecting bearish trend line with resistance at $101,500 on the 4-hour chart. Ethereum price seems to be facing hurdles near the $4,000 zone. XRP is consolidating gains above the $2.20 support zone. Bitcoin Price Technical […]

The post Bitcoin Soars to Fresh Record High: How Far Can It Go? appeared first on Action Forex.

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19/12/2023

Japanese Yen Slides as BoJ Stands Pat

BoJ makes no changes to policy or guidance Yen declines over 1% The Japanese yen is sharply lower on Tuesday. In the European session, USD/JPY is trading at 144.42, up 1.15%. The yen surged 1.95% last week but has faltered and pared most of those gains this week. BoJ maintains policy Tuesday’s Bank of Japan […]
08/03/2024

Jobs Friday

Yesterday’s European Central Bank (ECB) meeting and Lagarde’s press conference went according to the plan. The ECB left its rates unchanged for the fourth straight meeting, lowered its inflation forecasts, predicted that inflation will reach the 2% target by next year and suppressed its growth forecast for this year. Still, Lagarde said that they aren’t […]
15/03/2024

Will Canada’s CPI Data Rescue the Wounded Loonie?

BoC sounds less dovish than expected Investors pencil in a first 25bps cut in July Canada’s CPI numbers could affect market expectations The data is scheduled for Tuesday at 12:30 GMT Will the BoC cut interest rates after the Fed? At its latest gathering on March 6, the Bank of Canada (BoC) decided to keep […]