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Market picture The capitalisation has stabilised around the $2.63 trillion level, losing 1.7% in 24 hours, but very close to where it was at the end of the day on Monday. Bitcoin is down 1.2%, Ethereum lost 2.3%, BNB sank 3%, and Solana is minus 4%. On the surface, the trend is for a deeper […]

The post Crypto Market: A Breather After the Climb appeared first on Action Forex.

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13/09/2024

USDCAD Flirts With 200-Day SMA Again

USDCAD remains below 1.3600 MACD and RSI indicate upside recovery USDCAD is moving back and forth of the 200-day simple moving average, which is standing marginally beneath the 1.3600 round number. Earlier in the week, the market successfully travelled towards the 1.3620 bar, adding optimism for more bullish actions. The technical oscillators are confirming an […]
17/07/2024

GBP/USD at 1-Year High as UK CPI Remains at 2%

The British pound continues to roll and is up for a sixth straight day. GBP/USD is trading at 1.3038 in the European session, up 0.51% on the day. The pound has sparkled in July, climbing 3% and hitting its highest level since July 2023. UK inflation unchanged UK consumer inflation remained at 2% y/y in […]
05/04/2024

Week Ahead – ECB Decision and US Inflation to Fuel FX Volatility

Central bank decisions in Eurozone, Canada, and New Zealand Highlight will be the ECB – likely to signal a rate cut in June In US, the dollar will be driven by inflation stats and Fed minutes ECB meeting – Nearly time to cut  The Eurozone economy has gone through a rough patch over the last […]