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Market picture The cryptocurrency market lost 0.5% in the last 24 hours, falling to $1.99 trillion. As expected, the market failed to consolidate above the $2 trillion level due to the indecisiveness of major players ahead of the US inflation data. Selling has been prevalent since the start of the day, confirming the tactic of […]

The post Crypto: Selling on Growth Continues appeared first on Action Forex.

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August CPI: Probably a 25 bps Rate Cut Next Week

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20/06/2024

USD/CHF Outlook: SNB’s 0.25% Rate Cut Deflates Swiss Franc

USDCHF jumped around 0.7% on Thursday after the SNB delivered another 25 basis points rate cut, lowering interest rate from 1.5% to 1.25%. The central bank argued its decision by the fact that inflation continues to fall, and economic growth picks up. Fresh strength is improving the picture on daily chart on initial signal of […]
06/06/2024

Crypto Takes its Time

Market picture The cryptocurrency market decided to storm the local highs set almost two months ago. However, the growth has not yet developed, and some players rushed to fix profits quickly despite the positive sentiment in the US stock markets. Bitcoin is trading near $71K, where it was a day ago, but Ethereum (+1%) has […]
21/03/2024

March FOMC Meeting: Still Building Confidence

Summary As was widely expected, the FOMC left the fed funds target range unchanged at 5.25-5.50% at the conclusion of its March meeting. The Summary of Economic Projections showed that the vast majority of the Committee continues to believe some easing of policy will be appropriate this year. The median projection for the federal funds […]