Logo-color Logo-white

Market Picture The cryptocurrency market starts the week on the defensive, losing 1.2% of its capitalisation in 24 hours to $2.27 trillion, although it is still up 3% from a week ago. This drawdown looks like short-term profit-taking from the recent wave of gains amid the risks of the upcoming jobs report and Powell’s comments. […]

The post Crypto Market Takes Defence appeared first on Action Forex.

previous

Japanese Yen Soars on Japan’s Political Drama

next

Euro Steady as Germany’s CPI lower Than Expected

Read More

23/11/2024

Markets Weekly Outlook – Inflation Data & Geopolitics to Dominate

Weak PMI data from Europe and the UK raise concerns about global economic outlook and sent the EUR and GBP tumbling. Escalating tensions in Russia-Ukraine and the Middle East add to market uncertainty.  Upcoming PCE inflation data will influence Fed policy and market sentiment. Week in Review: DXY Continues Advance, as EU and UK Growth […]
05/07/2024

EUR/USD Advances, DXY Eyes Trendline Break – Jobs Data Up Next

EUR/USD rises above 1.0800 due to weak US economic data and a weaker USD. Market anticipates a 71.6% chance of a rate cut in September. DXY is at a psychological support level ahead of US jobs data release. EUR/USD continued its upward momentum on US Independence Day, capitalizing on a weaker USD and low market […]
25/01/2024

When Do You Start to Worry About Chinese Stimulus?

The stock rally continued on both sides of the Atlantic on Wednesday; the technology and chip stocks remained in the driver seat. Sentiment in Europe was bolstered by an almost 9% rally in ASML on news that their orders more than tripled last quarter. Now, there is a catch. A third of the $10 billion […]