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Market Picture The cryptocurrency market rolled back 1.8% in 24 hours to $2.17 trillion due to a reduction in risk appetite among investors, sparking a sell-off in bonds and equities. That said, as the less risky of the cryptocurrencies, bitcoin has been gaining ground relative to the overall market during similar periods, now holding 56.9% […]

The post Equity Weakness Dampens Crypto Investment Appetite appeared first on Action Forex.

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Sunset Market Commentary

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06/05/2024

Gold Technical: A Floor May Have Been Formed for the Bulls

Stagflation risk is still lingering as indicated by the latest April US ISM Manufacturing and Services PMI data. A not fully priced-in stagflation risk scenario may support another bullish impulsive upmove sequence for Gold (XAU/USD). Watch the key medium-term pivotal zone of US$2,260/2,210 for Gold (XAU/USD). Since our last publication, Gold (XAU/USD) has inched lower […]
03/01/2024

Sunset Market COmmentary

Markets Interest rate markets tried to build on last week’s ‘U-turn’ after the accelerated decline in yields triggered by the December Fed policy announcement. Corporates and sovereigns are eager to use lower funding costs to frontload at least part of their 2024 financing needs, with new bond issuance taking a solid start. Still, a sustained […]
16/04/2024

China’s Q1 GDP Growth Next on Asian Calendar

China’s Q1 GDP expected to fall below 5.0% on Tuesday at 02:00 GMT Expansion to remain solid but unlikely to quell stimulus calls AUDUSD tests lower boundary of the 2024 range China to report weaker GDP after disappointing trade data China remains a major trade partner for advanced economies such as the US and Europe, […]