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Market Picture Last week, the cryptocurrency market was dominated by a risk-off sentiment that saw the total crypto market capitalisation fall from $2.4 trillion to $2.2 trillion. However, on Saturday, higher volumes led to a price recovery, bringing the market back to the $2.3 trillion valuation it started the week with. The sentiment index is […]

The post Crypto Overcomes Last Week’s Corrective Sentiment appeared first on Action Forex.

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13/05/2024

Morning Report

Key themes: A sharp fall US consumer confidence added to evidence that the US economy is losing some momentum. However, an uptick in consumer inflation expectations complicated the picture, prompting suggestions of the risk of stagflation. A flurry of Fed speakers reinforced higher for longer messaging but backed up Jerome Powell in watering down the risk […]
24/04/2024

Euro Edges Lower Despite Stronger German Business Confidence

The euro is slightly lower on Wednesday. In the European session, EUR/USD is trading at 1.0685, down 0.16%. German shows signs of optimism Germany’s Ifo Business Climate index rose to 89.4 in April, up from a revised 87.9 in March and above the market estimate of 88.9. The index is still in negative territory (100 […]
27/05/2024

Brent Crude oil Wave Analysis

Brent Crude oil reversed from strong support level 81.00 Likely to rise to resistance level 84.3 Brent Crude oil recently reversed up from the support area located between the strong support level 81.00, which has been reversing the price from February, and the lower daily Bollinger Band. The support level 81.00 was strengthened by the […]