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Market picture The crypto market cap lost another 0.9% over the last 24 hours, pulling back to $2.44 trillion and extending losses from Friday’s peak to 8%. Since the end of the day on Tuesday, market volatility has noticeably decreased as more traders are taking a wait-and-see stance ahead of the inflation report and FOMC […]

The post Crypto Market Took a Break from Support appeared first on Action Forex.

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27/06/2024

Aussie Calm as Inflation Expectations Jump

The Australian dollar has posted small gains on Thursday. AUD/USD is trading at 0.6654 in the European session, up 0.10% on the day. Australian inflation expectations rises to 4.4% This week’s inflation indicators have risen more than expected, an indication that inflation remains sticky and that the road to the Reserve Bank of Australia’s inflation […]
04/12/2023

Gold Technical: Medium-Term Uptrend Remains Intact But Risk of Minor Pull-back

Today’s early Asian session’s swift rally to a fresh all-time high is likely to be driven by a thin liquidity trading environment rather than the Israel-Hamas geopolitical war risk premium. Spot Gold’s portfolio hedging role may gain traction as global recession risk resurfaces. Medium-term uptrend phase remains intact but may shape a minor pull-back below […]
05/07/2024

USD/JPY Recedes From Peaks: Analyzing The Pullback

Key Highlights USD/JPY climbed to a new multi-year high at 161.95 before it corrected lower. It traded below a key bullish trend line with support at 161.50 on the 4-hour chart. EUR/USD extended gains above the 1.0785 resistance zone. Oil prices might soon attempt to clear the $85.00 resistance. USD/JPY Technical Analysis The US Dollar […]