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Market Picture The cryptocurrency market has been rising since the start of the day on Thursday, recovering strongly from Wednesday’s late afternoon sell-off in the wake of global financial markets. At its lowest point, the market capitalisation was down to $2.23 trillion, and at the time of writing, it had risen to $2.32 trillion (+0.1% […]

The post Has Bitcoin Completed a Correction? appeared first on Action Forex.

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Eurozone PMI Temporarily Helps the Euro but Is Unlikely to Change the Trend

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11/07/2024

EURJPY Wave Analysis

EURJPY broke the key resistance level 174.30 Likely to rise to the resistance level 176.00 EURJPY currency pair recently broke above the key resistance level 174.30, which stopped the previous impulse wave I at the start of July. The breakout of the resistance level 174.30 accelerated the active impulse wave iii of the higher upward […]
16/08/2024

Market Analysis: Gold and Oil Prices Aim For Further Gains

Gold price started a fresh increase above the $2,432 resistance level. Crude oil prices are gaining bullish momentum and might even test $80.00. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a steady increase from the $2,400 zone against the US Dollar. A connecting bearish trend line is forming with resistance […]
14/03/2024

Gold Regains Traction After a Shallow Pullback as June Rate Cut Expectations Remain in Play

Gold price rose on Wednesday, reversing a part of Tuesday’s 1.1% drop, sparked by hotter-than-expected US inflation data, which temporarily cooled expectations for rate cut in June. Fresh gains suggest that markets believe, after digesting the data, that elevated inflation won’t have stronger negative impact on current expectations for the start of monetary policy easing. […]