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Markets US CPI inflation contrasted with the PPI shocker (+0.5% M/M) from Tuesday. Price pressures eased slightly in April (0.3% M/M for headline and core; down from 0.4% M/M for both in March) but the CPI report was in line with expectations. Flanked by disappointing US retail sales (flat M/M) and a weaker May Empire […]

The post Loss of Interest Rate Support Put Dollar in the Defensive appeared first on Action Forex.

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02/09/2024

BTC/USD Analysis: Bitcoin Price at a Crossroads

On 9 August, our analysis of the long-term BTC/USD chart noted that Bitcoin’s price was at a crossroads, moving within the bounds of two channels: → A bullish channel (shown in blue), which began forming in 2023 on the back of Bitcoin ETF approval rumours; → A bearish channel (shown in red), which started taking […]
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