Logo-color Logo-white

Market Picture The cryptocurrency market lost 0.2% in 24 hours to $2.12 trillion but saw a fresh drop in the US session during the day before rebounding on buying in lower volumes in Asian trading on Friday morning. The Sentiment Index fell to its lowest level in over a month at 32 (fear). Since the […]

The post Crypto Gets Hammered in America, Rebounds in Asia appeared first on Action Forex.

previous

USDCAD Extends Its Bullish Rally to New 2-month High

next

US Dollar Index (DXY) Outlook: Dollar Bulls to Take a Breath or PPI Data to Extend Rally?

Read More

26/04/2024

US Yields Reached New YTD Highs Across the Curve

Markets US yields reached new YTD highs across the curve following Q1 US GDP data. The 1.6% Q/Qa headline print missed consensus by quite a margin (2.5% Q/Qa), but details showed underlying strength in consumption and investments. The biggest drag came from net exports with imports rising faster than exports, which we consider a sign […]
26/03/2024

Technical Outlook and Review

DXY: Potential Direction: Bullish Overall momentum of the chart: Bullish Price could potentially make a Bullish bounce off pivot and head towards 1st resistance Pivot: 104.16 Supporting reasons: Acts as an Overlap support and aligns with a 23.60% Fibonacci Retracement, providing a strong base for potential upward movements. 1st support: 103.92 Supporting reasons: Offers Pullback […]
15/06/2024

Housing and Retail Sales Data to Show Canadians Continue to Hold Back

Economic data in the week ahead should show further softening in Canadian (per-person) household spending before the Bank of Canada pivoted to lower interest rates in June. Early reports from regional real estate boards suggested housing markets were in a holding pattern in May. Home resales edged lower in most regions including Toronto, Vancouver, and […]