Logo-color Logo-white

Market Picture Neither the meme mania in equities, the overall positivity in stock indices, nor the weakening dollar seems to be helping cryptocurrencies right now. Crypto market capitalisation is down 0.1% and has been moving around the current $2.29 trillion level for the past seven days. Bitcoin is trading near $61.9K, forming a sequence of […]

The post Matured Altcoins Losing Strength appeared first on Action Forex.

previous

EUR/USD – USD/JPY – USD/CAD Technical Analysis Overview ahead of US CPI and Retail Sales

next

April CPI: It’s a Start

Read More

14/03/2024

WTI: Oil Prices Continue to Rise on Brighter Demand Outlook

WTI oil price rose further on Thursday, extending gains above psychological $80 barrier and looking for the first daily close above this level since Nov 6. Near-term bullish sentiment improved after the latest International Energy Agency’s report showed an upward revision to demand growth forecasts and cut in 2024 supply forecast. The data brightened oil’s […]
15/12/2023

Bank of England Review – Push-Back on Rate Cut Expectations

At today’s monetary policy meeting the BoE left the key policy rate unchanged at 5.25% as widely expected. The BoE delivered hawkish communication in an attempt to push-back on markets expectation of rate cuts next year. EUR/GBP declined on the back of the statement but fully retraced the move following the ECB meeting, in line […]
17/07/2024

Sunset Market Commentary

Markets After last-week’s softer than expected US CPI data, global investors gained ever greater confidence that the Fed will embark for a genuine, protracted easing cycle soon. Yields turned south, especially at the short end of the (US) yield curve. The dollar faced an uphill battle, but losses after all remained modest. Key support levels […]