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Silver trades sideways today after a quick 12% correction Sell-off stopped a tad below a busy resistance area Momentum indicators are sending mixed signals Silver is trading sideways today, bouncing off the October 5, 2023 ascending trendline and trying to test the resistance set by the 50-day simple moving average (SMA). This appears to be […]

The post Could Silver Bulls Stage a Rebound? appeared first on Action Forex.

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26/07/2024

Crypto Market Takes a Chance on Recovery

Market Picture The cryptocurrency market rallied 3.4% overnight to $2.4 trillion, taking advantage of the mixed performance of US indices, with the Russell2000 and Dow Jones up and the Nasdaq100 and S&P500 down. It’s not a full recovery, but it’s the second bounce in a week from just under $2.31 trillion. Bitcoin rose 4.4% over […]
22/12/2023

Solana and Bitcoin Failing to Storm Milestone

Market picture Crypto market capitalisation was climbing to $1.67 trillion on Friday morning – a new high since May 2022. However, very quickly, the market was hit by another wave of profit-taking, which has become commonplace over the past fortnight. Bitcoin is once again pulling back down after touching the $44.4K level, having retreated to […]
14/06/2024

Weekly Focus – Political Uncertainty on the Rise in Europe

This week was dominated by events in the US. The FOMC kept policy rate unchanged at its Wednesday meeting as widely expected. The median of the updated dot plot now signals only one cut for this year, but it remains a close call. While four members expect no cuts, seven members lean towards one cut, […]