Logo-color Logo-white

Market picture The cryptocurrency market has stabilised around the $2.17 trillion level where it was a week and a day ago. The sentiment index has remained in the 49-50 (neutral) range for the fifth day, which contrasts with the near ‘extreme greed’ sentiment in the stock market. This wariness among crypto investors has often heralded […]

The post Crypto Maintains Its Equilibrium appeared first on Action Forex.

previous

Swedish CPI Slightly Higher Than Expected – Supports Our -25 bp Call for November

next

NZDUSD Battles With 200-Day SMA After RBNZ’s Rate Cut

Read More

26/08/2024

Germany’s Weakening Business Climate Cooled But Unlikely to Turn Euro Around

Germany’s business climate Germany’s business climate deteriorated in August but was better than expected. The Ifo business climate indicator fell from 87.0 to 86.6, the fourth consecutive month of decline, but better than the forecast of 86.0. Both the expectations and components of the current conditions fell. This is potentially negative news for the single […]
10/09/2024

US: Small Business Optimism Pulls Back in August

NFIB’s Small Business Optimism Index fell 2.5 points to 91.2 in August, coming in below market expectations calling for a flat print. Eight of the ten subcomponents fell on the month, while only two improved. Large declines were recorded in expectations regarding higher real sales (-9 points to -18%), earnings trends (-7 points to -37%) […]
15/05/2024

EURCHF Wave Analysis

EURCHF rising inside impulse wave 3 Likely to reach resistance level 0.9835 EURCHF currency pair continues to rise inside the impulse wave 3, which started earlier from the support trendline of the daily Triangle from April. The active impulse wave 3 belongs to the higher order impulse wave (3) from the middle of April. Given […]