Logo-color Logo-white

ETHUSD posts fresh 2-month high following ETF approval But fails to extend its rally as bulls lift foot off the gas Momentum indicators ease from overbought conditions ETHUSD (Ethereum) had been on the rise after claiming the 50-day simple moving average (SMA) in mid-May, also helped by the regulatory approval of spot-Ethereum ETFs in the US. Although […]

The post ETHUSD Consolidates as Advance Pauses appeared first on Action Forex.

previous

GBP/USD: Extended Consolidation Likely to Precede Fresh Push Higher

next

Sunset Market Commentary

Read More

05/06/2024

AUD Shrugs as Australian GDP Misses Estimate

After starting the week with sharp swings, the Australian dollar is showing little movement on Wednesday. AUD/USD is trading at 0.6644 in the European session, down 0.06% on the day. Australian GDP posts 0.1% growth Australia’s GDP was a disappointment, with a gain of just 0.1% q/q in the first quarter. This was lower than […]
27/06/2024

USD/JPY Steady as BOJ Watches With Sense of Urgency

Japanese yen remains below 160 USD/JPY is trading at 160.38 early in the North American session, down 0.25% on the day. The Japanese yen has been trading below 160 on Thursday, after dropping as low as 160.87 on Wednesday, its lowest level since December 1986. As the yen continues to hit new lows, there are […]
29/07/2024

USDJPY Struggles to Reclaim 20-Period SMA

USDJPY caught in a battle to overcome 20-period SMA Near-term momentum is positive but weak Bulls face an uphill struggle to regain control USDJPY has started the week on a somewhat positive note but it’s proving difficult for the bulls to secure the upper hand as a tough battle rages around the 20-period simple moving […]