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On February 26 (A), a strong bullish impulse started in the Bitcoin market. Its trajectory is visually described by a blue line. The price of bitcoins developed along it — this can be interpreted in such a way that market participants agreed that the value of the cryptocurrency was increasing. If the price of Bitcoin […]

The post BTC/USD Analysis: Bears Have Become More Active Near $70,000 Level appeared first on Action Forex.

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02/12/2023

Week Ahead – Nonfarm Payrolls Enter the Spotlight, RBA and BoC Decide on Policy

Investors looking to US NFPs for confirmation of their Fed rate cut bets RBA could still signal that higher rates are possible But BoC may confirm that interest rates have peaked in Canada Japan’s Tokyo CPIs and employment numbers to impact BoJ speculation Will the US jobs report change the dollar’s fate? The US dollar […]
19/03/2024

AUD: Markets Prepare for RBA Rates Statement.

The Reserve Bank of Australia (RBA) is widely anticipated to maintain its current interest rates at 4.35% following its two-day meeting concluding on Tuesday. Despite holding rates steady since December, the RBA has hinted at the possibility of further rate hikes due to persistently high inflation, which has exceeded its target range of 2% to […]
06/05/2024

AUD/USD Hits One-month High, RBA Decision Next

The Australian dollar has started the week with modest gains. AUD/USD is up 0.25%, trading at 0.6624 in the European session at the time of writing. The Aussie is coming off a strong week, having gained 1.19%. RBA widely expected to pause The Reserve Bank of Australia meets on Tuesday and is widely expected to […]