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Market picture Crypto market capitalisation rose 0.8% over the past 24 hours to 2.2 trillion, but growth exceeded 2% for most of the period. However, it dipped at the start of active European trading, temporarily returning to levels of a day ago. Bitcoin has added 0.9% over the past 24 hours, while Ethereum has increased […]

The post Ethereum Knocking at Support’s Door appeared first on Action Forex.

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12/08/2024

Research Japan: Hawkish BoJ Keen on More Hikes

The BoJ has taken up a much more aggressive strategy and we no longer expect them to wait for all the pieces to fall in place before tightening policies further. We expect the BoJ will hike its policy rate to 1% within the coming 12 months. The rate hike on 31 July was pivotal for […]
10/08/2024

The Weekly Bottom Line: Bumps in the Road

U.S. Highlights Inflation and the labor market are cooling off, but the economy has not yet hit a wall. Despite what markets may be fearing. The ISM services survey showed broad based improvements in July, while falling longer term interest rates are easing financial conditions. Next week’s inflation report and the Jackson Hole summit in […]
01/12/2023

Cliff Notes: Constructive Policy Developments

Key insights from the week that was. In Australia, the Monthly CPI Indicator fell 0.3% in October, pulling the annual rate of inflation down from 5.6%yr to 4.9%yr; encouragingly for policy, there were no convincing upside surprises within the detail. Indeed, goods prices – which constitute the bulk of the new information at this point […]