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Market picture US financial markets closed higher on Wednesday despite a rough start to the day. A strong performance from the technology sector helped the crypto market cross the $2 trillion mark, up 3% in 24 hours. The positive sentiment in the market continued into Thursday morning, setting the market up for further gains, potentially […]

The post Crypto Market Surpasses Milestone appeared first on Action Forex.

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14/05/2024

Ethereum Knocking at Support’s Door

Market picture Crypto market capitalisation rose 0.8% over the past 24 hours to 2.2 trillion, but growth exceeded 2% for most of the period. However, it dipped at the start of active European trading, temporarily returning to levels of a day ago. Bitcoin has added 0.9% over the past 24 hours, while Ethereum has increased […]
14/03/2024

March Flashlight for the FOMC Blackout Period

Summary We do not expect the FOMC to change the federal funds rate or alter its current pace of balance sheet runoff at its upcoming meeting on March 19-20. Since the Committee last met, the U.S. inflation data have come in a bit stronger than expected, while the labor market generally has remained resilient. With […]
10/07/2024

RBNZ Review: Keeping It Tight… For a While

The RBNZ left the OCR at 5.5% as expected. The RBNZ took a more dovish view – easing looks to be coming earlier than they previously thought. The short-term inflation outlook seems more comfortable for the RBNZ. But it’s the weaker growth momentum that seems especially top of mind. The RBNZ’s monetary policy strategy is […]