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Cryptocurrencies are mostly in demand this week Ethereum rallies but fails to overcome the 2,667 level Momentum indicators are mostly bullish Following Monday’s strong upleg, ethereum is experiencing a few quiet sessions by trading in a tight range. It is in the green today, but it remains stuck below the mid-September 2021 low of 2,667. […]

The post Ethereum Fails to Record a Higher High appeared first on Action Forex.

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11/11/2024

Oil & Gas: Still Mostly Bearish Prospects

Crude Oil The price of a barrel of crude oil has fallen 1.6% since the start of Monday, bringing the decline over the last two trading sessions to 4%. Pressures on the oil price include signals from the ceasefire talks between Israel and Lebanon (reducing supply risks) and disappointment over the size of China’s stimulus […]
03/07/2024

Weak Data Hammers USD

The US private sector created 150K jobs in June, according to fresh ADP estimates. This is slightly weaker than expected and the lowest growth since January. Once again, the leisure sector (+63K) led the growth. Construction stands out, with net job growth of 27K for the month and nearly 3% growth in the last seven […]
15/02/2024

All Eyes on US Retail Sales

In focus today In the US, January retail sales and industrial production data is due for release. Consensus expects some moderation in retail sales growth, even though early credit card data suggests that consumption has remained brisk at the start of the year as well. The NAHB housing market index and initial claims data will […]