Logo-color Logo-white

Market Picture The cryptocurrency market rose 1% in 24 hours to $2.28 trillion. The market cooled off somewhat during the day, moving away from local highs above $2.30 trillion, which were the highest in more than two weeks. Sentiment jumped sharply to ‘greed’, reaching the 65 level, the highest since late July. The price of […]

The post Soaring Bitcoin appeared first on Action Forex.

previous

Canadian Inflation Falls Further Below BoC’s Target

next

WTI Crude Oil Cut Back Gains: Will the Slide Continue?

Read More

01/08/2024

FOMC: ‘Twas the Meeting Before Rate Cuts

Summary As was widely anticipated, the FOMC left the fed funds rate unchanged at the conclusion of today’s meeting, but it opened the door to potentially easing policy at its next meeting on September 18. While inflation remains above the FOMC’s 2% target, it has fallen significantly since the Committee last raised rates a year […]
07/02/2024

Australian Dollar Yawns as RBA Stands Pat

The Australian dollar is showing limited movement on Tuesday, after the Reserve Bank of Australia held interest rates. In the European session, AUD/USD is trading at 0.6493, up 0.61%. RBA maintains rates The RBA left interest rates unchanged at 4.35% at its first meeting of 2024. The central bank raised rates by a quarter-point in […]
16/07/2024

XAU/USD: Gold Advances Further on Powell’s Dovish Stance

Gold price rose further in early Tuesday following more dovish tones from Fed Powell in his speech on Monday, which contributes to growing expectations that the Fed may soon decide to start cutting interest rates. Powell pointed to the recent inflation data which boost optimism that inflation remains on track towards 2% target, fueling hopes […]