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Market picture The crypto market cap remained at $2.24 trillion, a recovery after the market hit a low point at the very end of trading on Monday at $2.19 trillion. We continue to view this pullback to the lows of the past three weeks as a correction after rallying ahead of the week’s most important […]

The post Crypto: Volatility Without Direction appeared first on Action Forex.

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12/06/2024

US: Inflationary Pressures Cool More Than expected in May 

The Consumer Price Index (CPI) was flat in May, coming in below the consensus forecast calling for a modest gain of 0.1% month-on-month (m/m). On a twelve-month basis, CPI edged lower by 0.1 percentage points to 3.3%. Energy prices dipped by 2.0% last month, largely due to lower prices at the pump (-3.5% m/m). Food […]
09/05/2024

UK 100 Index Swings to All-Time High

UK 100 hits record high after the BoE rate decision; up 8% year-to-date Next target at 8,500, but fears of an overbought market might delay rally The UK 100 stock index (cash) has been performing incredibly well over the past four months, staging another exponential rally this week to unlock an all-time high of 8,393 […]
09/09/2024

News of the Week (September 9—September 13): EURJPY Market Spotlight

EURJPY is setting up for significant shifts—traders, be ready! The EURJPY pair reflects the Euro and Japanese Yen exchange rate. Traders frequently use the EURJPY pair to gauge market risk sentiment. The Euro is primarily driven by economic indicators from major economies like Germany and France, monetary policy decisions by the European Central Bank, and […]