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Market Picture Crypto market capitalisation has fallen to $2 trillion, hitting lows since 8th August and losing almost 10% over the past seven days. The decline has slowed since the second half of last week, but the downtrend persists. The Cryptocurrency Fear and Greed Index fell to 26 (fear). Bitcoin is trading around $57.5K, having […]

The post Crypto Near August Bottom appeared first on Action Forex.

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News of the Week (September 2—September 6): USDCAD Trading Focus

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Sunset Market Commentary

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26/04/2024

Sunset Market Commentary

Markets The yen showed some huge intraday swings today. USD/JPY rose beyond 156 and was moving quickly towards 157 next. A violent countermove then pushed it back to the 155 figure only to trade back at the highest level of the day (and 34 years) just south of 157. It’s the kind of move you […]
03/09/2024

GBPUSD & EURUSD Outlook

The forex market was relatively quiet during the Asian trading session, with only minor changes seen across currencies. There was a slight dip in commodity currencies due to weaker-than-expected manufacturing data from China, though this was somewhat balanced by better results from the Caixin PMI report. This week will be crucial as traders look for […]
29/08/2024

NZ First Impressions: ANZ business confidence, August 2024

Businesses sentiment rose strongly in August, as the prospect and then delivery of an OCR cut was brought forward. Key results (August 2024) Business confidence: 50.6 (Prev: 27.1) Expectations for own trading activity: 37.1 (Prev: 16.3) Activity vs same month one year ago: -23.1 (Prev: -24.3) Inflation expectations: 2.92% (Prev: 3.20%) Pricing intentions: 41.0 (Prev: […]