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Key Highlights Ethereum started a fresh rally toward the $4,000 zone after ETH ETFs were approved by the SEC. ETH price is facing resistance near $3,950 on the 4-hour chart. Bitcoin price corrected gains from the $72,000 resistance. Oil prices recovered and climbed above the $79.20 resistance. Ethereum Technical Analysis Ethereum started a fresh surge […]

The post Ethereum Rally Pauses But Isn’t Over: What’s Next for ETH? appeared first on Action Forex.

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15/04/2024

Crude Oil’s Tactical Retreat, Unlikely Turn Around

Oil is losing more than 1% on Monday, below $84 a barrel for WTI and below $89 for Brent after Friday’s rollercoaster, when prices peaked above $87 and $91.6, respectively. The drivers were geopolitics, where fears of an escalation of the conflict between Israel and Palestine fueled the growth. The decline was helped by the […]
16/04/2024

WS Risk-Off Spilled Over to Asia

Markets Markets yesterday initially reacted stoic to Saturday’s attack of Iran and against Israel. European and US equity markets even opened in green. Brent oil briefly dropped below the $90 p/b mark. Investors apparently expected any Israeli reaction to be guarded as the international community advocated de-escalation. Yields also resumed the uptrend that was interrupted […]
31/08/2024

The Weekly Bottom Line: More Reason to Ride Down the Policy Escalator

U.S. Highlights The second estimate of Q2 GDP revealed that the U.S. economy grew at 3.0% annualized, a bit stronger than previously reported, thanks to an upward revision in consumer spending. Spending momentum continued into July, outstripping income growth for the sixth consecutive month and pushing the savings rate to a two-year low of 2.9%. […]