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Market picture Bitcoin’s record highs support the accelerated recovery of the crypto market. Its capitalisation reached $2.69 trillion (+1.6% in 24 hours), 10% below the record high of $2.97 trillion in November 2021. Extreme greed remains the driver of the crypto market, but major coins are getting the main influx of money. Bitcoin hit an […]

The post Bitcoin’s New Highs and BNB’s Revival appeared first on Action Forex.

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05/09/2024

Strange Familiarity

US equities remained under pressure yesterday after the JOLTS report revealed that the US job openings unexpectedly fell further in July to the lowest level since 2021. The factory orders on the other hand jumped 5%, more than expected, during the same month – a welcome addition to the jolts figure that could partly tame […]
16/01/2024

‘First Five Days’ Rule Points to a Challenging Year

US equity indices declined in the first five trading sessions of January. This dynamic promises a challenging year for the stock market, according to the old “first five days” rule. Identifying a defining trend would have been an easy task if not for stabilisation on the day of the NFP release on January 5 and […]
28/12/2023

Japanese Yen Keeps on Rolling

Japanese retail sales climb but industrial production declines Japanese gain rises sharply The Japanese yen has posted sharp gains on Thursday. In the European session, USD/JPY is trading at 140.66, down 0.82%. Japanese retail sales beat forecast Japanese releases were a mixed bag today. Retail sales impressed with a gain of 5.3% y/y in November, […]