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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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08/11/2024

Prospects for Gold Correction

Market Picture Gold lost over 3% in value on the day the presidential election results were tallied. Cumulatively, from the peak in late October to the recent low, the losses exceed 5%. So far, it does not look like a tragedy. On Thursday, the price added 2.5% from the lows to the high intraday, recovering […]
22/01/2024

New Year, Old Habits for the BoC?

BoC meets on Wednesday; decision to be announced at 14.45 GMT Market wants a dovish show, but BoC might not be ready for such a shift Loonie could find its footing again against the US dollar Bank of Canada meets on Wednesday The week will be dominated by central bank meetings with the first BoC […]
01/12/2023

WTI Oil: Oil Price Extends Advance as OPEC+ Rolls Over Production Cuts

WTI oil price rose above $79 for the first time in two weeks on Thursday, as fresh bullish acceleration extends into third consecutive day. The OPEC+ decided to extend its supply cuts in 2024, as the cartel met today, after meeting scheduled for Nov 26 was postponed, adding support to oil price. The top world […]