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Market picture The crypto market capitalisation is down 0.8% in 24 hours to $2.55 trillion. Bitcoin is losing 0.7%, Ethereum is down 1.1%, and the top altcoins are changing between -0.9% (Toncoin) and +1.1% (Solana). Bitcoin’s hashrate updated a record after the fourth halving. The index reached 676 Eh/s now. The moving average of BTC […]

The post Bitcoin Under Pressure But Beats Expectations appeared first on Action Forex.

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EUR/USD: Bulls Hold Grip and Eye Key Barriers as Markets Await Release of German CPI Data

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29/01/2024

EUR50 index Wave Analysis

EUR50 index under bullish pressure Likely to rise to resistance level 4700.00 EUR50 index is under the bullish pressure now after the price broke above the resistance level 4585.00 (which stopped the previous impulse wave 1 at the end of last year). The breakout of the resistance level 4585.00 follows the earlier upward reversal from […]
02/08/2024

US: Job Market Continued to Cool in July, Markets Up Ante on Rate Cuts

Non-farm employment rose by 114k in July, considerably below the consensus forecast calling for a larger gain of 175k. Job gains in the two prior months were revised a bit lower, subtracting a combined 29k from the previously reported figures. Private payrolls rose 97k, with most of the gains concentrated in health care & social […]
01/11/2024

Short Term Elliott Wave in Silver (XAGUSD) Looking to Turn Higher

Short Term Elliott Wave View in Silver (XAGUSD) suggests cycle from 8.8.2024 low is in progress as a 5 waves impulse. Up from 8.8.2024 low, wave 1 ended at 30.18 and dips in wave 2 ended at 27.69. Wave 3 higher ended at 32.95 and pullback in wave 4 ended at 30.12. The metal extends […]