Logo-color Logo-white

Market Picture The crypto market has maintained its upward trajectory, with total capitalisation up more than 7% in seven days to $2.39 trillion, the highest since late July. The Cryptocurrency Fear and Greed Index is in the 71-73 (greed) range for the sixth day, also replicating the late July performance. Bitcoin has hit new highs […]

The post Crypto Market Maintains Upward Momentum appeared first on Action Forex.

previous

AUD/USD and NZD/USD Could Recover In Short-Term

next

Sunset Market Commentary

Read More

18/09/2024

Sunset Market Commentary

Markets US August retail sales served as some final input for tomorrow’s pivotal Fed meeting in a trading session that was otherwise simply the waiting game part 2. The series surprised to the upside on a headline level (0.1% m/m vs -0.2% expected). Core gauges printed close to or slightly below consensus with the control […]
02/07/2024

RBA Minutes: Gaps Are Narrowing, And So Is The Path

The RBA’s strategy relies on assessing gaps between supply and demand. There are uncertainties involved in this approach, but so far, the inflation outlook hasn’t changed enough to spur a rate increase. The minutes for the RBA Board’s June 2024 meeting highlighted that levels matter in the RBA’s view of the economy, as well as […]
12/11/2024

EURUSD – Steep Downtrend Extends to New Multi-Month Low

EURUSD started the week negatively (down 0.7% until early US trading on Monday, in extension of Friday’s 0.8% drop, with total loss of 2.7% since announcement of Trump’s victory on Wednesday. The single currency has also registered a weekly loss of 1.8% vs dollar, with near term action weighed by large weekly bearish candlestick and […]