Logo-color Logo-white

Market picture The cryptocurrency market hit new highs on Monday, reaching a capitalisation of $2.5 trillion. Profit-taking was evident at the start of the active trading session in Asia on Tuesday. But before this, the market lacked enthusiasm. Bitcoin peaked at $68,789, just $122 below its historical high. This is before the halving and before […]

The post Bitcoin Will Have to Settle Here appeared first on Action Forex.

previous

Market Focusing on Speech of Federal Reserve Head

next

ISM Shows Services Sector Expansion Continued in February

Read More

12/08/2024

Will RBNZ Start Cutting Rates Sooner Than Later

RBNZ could keep interest rates steady but signal easing sooner rather than later Economic picture shows signs of stress but no red flags yet NZDUSD approaches 0.6060-0.6080 resistance territory NZ employment data sway rate cut bets Q2 employment data from New Zealand exceeded the forecasts, leading to a reevaluation of rate cut expectations and a subsequent bullish movement in NZDUSD. However, […]
11/12/2023

Strong US Jobless Report Sparks Optimism, But Challenges Loom Ahead

Friday’s jobless report from the US was strong. It could’ve gone both ways, but it went well. The US economy added nearly 200’000 new nonfarm jobs in November, average earnings were higher than expected on a monthly basis, but stable around the 4% level on a yearly basis. That’s twice the Federal Reserve’s (Fed) inflation […]
09/01/2024

Dollar and Euro Keep Each Other Balanced

Markets The recent core bond yield recovery ran into resistance yesterday and that had knock-on effects on other markets. Equity markets in particular enjoyed a nice run. The EuroStoxx50 ended about 0.5% higher but that followed a 1% intraday rise. The tech-heavy Nasdaq on Wall Street posted 2% gains. As for yields, they finished 1-2.7 […]