Logo-color Logo-white

Market Picture The total capitalisation of the cryptocurrency market approached $3 trillion, rewriting the record set almost exactly three years ago. During the day, the indicator grew by more than 8%. The nature of the movement indicates the liquidation of short positions in the largest coins, primarily bitcoin. At the same time, individual altcoins are […]

The post Crypto Punishes Sceptics appeared first on Action Forex.

previous

GBPUSD Gives Strong Battle With Uptrend Line

next

USDCHF Struggles at 200-day SMA

Read More

03/01/2024

EUR/USD Holds Below Mid-1.0900s Ahead of US PMI, FOMC Minutes

EUR/USD edges lower to 1.0941 amid the firm USD. The US S&P Global Manufacturing PMI for December eased to 47.9 vs. 48.2 prior, weaker than expected. The increased odds of rate cuts from the European Central Bank (ECB) weigh on the Euro. The EUR/USD pair remains under pressure during the early Asian session on Wednesday. […]
29/05/2024

Sunset Market Commentary

Markets With US and UK markets closed for a holiday yesterday, markets still showed some Monday-like slow trading dynamics today. German yields are changing less than 2 bps across the curve. Inflation expectations in the ECB April consumer survey declined slightly further (2.9% from 3.0% 1-year, 2.4% from 2.5% 3-year). Still this wasn’t really able […]
21/06/2024

GBP/USD Shrugs Despite Sparkling Retail Sales

The British pound is slightly lower on Friday. GBP/USD is trading at 1.2636 early in the North American session, down 0.17% on the day. UK retail sales hit 4-month high UK retail sales jumped 2.9% m/m in May, an impressive turnaround from the revised 1.8% decline in April and blowing past the market estimate of […]