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Market Picture The cryptocurrency market remains steady at around $2.31 trillion in market capitalisation, mirroring the local highs of late September, while Bitcoin continues to climb. The pause in overall growth has led to a 2-point dip in the Cryptocurrency Market Sentiment Index, now at 71—still reflecting a high level of greed. Bitcoin is currently […]

The post Crypto Market Stabilises at the Top appeared first on Action Forex.

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US: Retail Sales Came in Stronger Than Expected in September  

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26/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Currency Index) chart is currently displaying a bearish overall momentum, indicating weakness in the US Dollar. According to your analysis, there is potential for a bearish continuation in the price towards the 1st support level. The 1st support level at 103.00 is considered significant for several reasons. It represents an […]
30/08/2024

U.S. Consumers Start Q3 on an Upbeat Note; Income and Spending Rise, Inflation Stable

Personal income grew 0.3% month-on-month (m/m) in July, up from June’s 0.2% gain and above market expectations (0.2%). Accounting for inflation and taxes, real personal disposable income grew 0.1% for a second consecutive month. Personal consumption expenditures growth accelerated in July, up 0.5% m/m. This was higher than the 0.3% recorded in June, but in […]
11/09/2024

US: Higher Shelter Costs Drive Unexpected Gain in Core Inflation in August 

The Consumer Price Index (CPI) rose 0.2% month-on-month (m/m) in August, bang-on the consensus forecast. On a twelve-month basis, CPI fell to 2.5% (from 2.9% in July). Energy prices (-0.8% m/m) were a drag on headline inflation, with both energy commodities and energy services lower on month. Food prices remained largely subdued, rising 0.1% m/m […]