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Market picture The crypto market has lost almost 2% of its capitalisation in the last 24 hours to $2.51 trillion. Bitcoin is holding up better than the market, pulling back only 0.7% to $67.6K. Many top coins have deeper drawdowns. Ethereum loses almost 3%, BNB loses 1.6%, and Solana loses 2.6%. Meme coins are under […]

The post Crypto Market Infected With Correction appeared first on Action Forex.

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22/05/2024

Sterling Soars Once Again in the Wake of Consensus-Beating CPI

Markets US Treasury and German yields both ended a fairly quiet trading day a few basis points lower. Fed’s Waller in a second speech yesterday said that he’d consider a rate cut at the end of the year (December) if the data warranted it. He added that policy was restrictive enough though, echoing comments made […]
12/06/2024

Market Analysis: EUR/USD Dives While USD/JPY Continues To Rise

EUR/USD gained bearish momentum below the 1.0810 support. USD/JPY is rising and might take out the 157.40 resistance. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline below the 1.0810 support zone. There is a connecting bearish trend line forming with resistance at 1.0760 on the hourly chart of EUR/USD […]
07/08/2024

USDJPY Begins a Healing Process

USDJPY gears up after 7-month low Recent sharp sell-off looks overdone Bulls hope for a close above 146.58 to continue higher USDJPY showed signs of life on Wednesday, forcefully bouncing above the 144.57 bar that had limited Tuesday’s gains following the flash spike to 146.35. There is still a chance for sellers to reverse today’s […]