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Market Picture The crypto market cap rose by 4.7% to $2.4 trillion in the last 24 hours, supported by a surge in top coins. These are the market’s highest levels since late July. Back then, the market stalled around these levels and soon turned lower. This time, the trend is more bullish, as the market […]

The post Bitcoin’s Bullish Breakout appeared first on Action Forex.

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12/10/2024

Sunset Market Commentary

Markets It’s more of the same today in absence of big events. Slightly below-consensus US PPI data only very briefly triggered a bid in US Treasuries which continued their bear steepening run. Daily changes on the US yield curve range between flat and +4.9 bps (30-yr). German changes add 2 to 3 bps across the […]
30/07/2024

AUDCHF Wave Analysis

AUDCHF reversed from key support level 0.5735 Likely to rise to resistance level 0.5850 AUDCHF currency pair recently reversed up with the daily Japanese candlestick Piercing Line from the key support level 0.5735 (the previous monthly low from April, as can be seen below). The support level 0.5735 was strengthened by the nearby lower daily […]
17/09/2024

Could BoE Surprise With a Rate Cut on Thursday?

BoE meeting concludes on Thursday, the day after the Fed Economists assign an almost zero chance of a rate cut Wednesday’s CPI and the Fed rate cut could lead to a surprise BoE move Pound to benefit from an uneventful meeting BoE will announce its rate decision on Thursday The Bank of England is joining […]