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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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03/08/2024

Weekly Economic and Financial Commentary: The Downside Risks to the Employment Mandate Are Real Now

Summary United States: “The Downside Risks to the Employment Mandate Are Real Now” We have just concluded what will become a historic week. The July employment report brought with it a crossing of the Sahm Rule threshold. That means we’re either headed for recession, or about to break yet another recession rule this unique cycle. […]
08/07/2024

EUR/USD Outlook: Bullish Bias Above Daily Cloud

EURUSD opened with gap-lower on Monday but dip was short-lived and larger bulls regained control and pushed the price towards last Friday’s new multi-week high (1.0842). Today’s dip was contained by psychological 1.0800 support (also the top of rising hourly cloud) with subsequent move higher emerging above the top of daily Ichimoku cloud after a […]
18/10/2024

USDJPY Adjusts Amid Mixed Signals from Japan’s Economic Data

USD/JPY is experiencing a correction phase following two days of gains, as mixed economic signals emerge from Japan. Despite ongoing expectations for monetary tightening by the Bank of Japan (BoJ), the yen faces downward pressure from a slowdown in domestic inflation, which could potentially dampen the urgency for immediate rate hikes. In September, Japan’s consumer […]