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Market Picture The crypto market dipped to a total cap of $3.15 trillion on Tuesday. However, on Wednesday morning, buying prevailed, pushing the capitalisation back above $3.22 trillion, around the same level as the previous day. The return of buyers is boosting hopes of an end to the correction, fuelled by the overwhelmingly positive momentum […]

The post BTC Correction Shifts Attention to Altcoins appeared first on Action Forex.

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16/12/2024

Pound Higher as Services PMI Rises, Job Report Next

The British pound has moved higher on Monday, after declining 1% last week. In the European session, GBP/USD is trading at 1.2747, up 0.30% on the day. UK Services improves, manufacturing slips The UK Services PMI rose to 51.4 in December, up from 50.8 in November, which was a 13-month low. This beat the market […]
18/06/2024

Dollar Took a Breather But Shows Resilience Despite More Constructive Risk Sentiment

Markets The European risk-off from last week shifted into a lower gear. Markets pondered comments from Marine Le Pen of the far right Rassemblement National as she indicated she would respect France’s institutions and was prepared to cooperate with President Macron after the elections. Bunds returned part of their safe haven gains with yields rebounding […]
18/09/2024

GBP/USD Bounces Back: Fed Rate Decision Looms Large Over Next Move

Key Highlights GBP/USD started another increase from the 1.3000 support. It cleared a key bearish trend line with resistance at 1.3180 on the 4-hour chart. The UK CPI could rise by 2.2% in August 2024 (YoY). Today, the Fed could reduce interest rates from 5.50% to 5.25%. GBP/USD Technical Analysis The British Pound found support […]