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Market picture Crypto market capitalisation was climbing to $1.67 trillion on Friday morning – a new high since May 2022. However, very quickly, the market was hit by another wave of profit-taking, which has become commonplace over the past fortnight. Bitcoin is once again pulling back down after touching the $44.4K level, having retreated to […]

The post Solana and Bitcoin Failing to Storm Milestone appeared first on Action Forex.

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12/04/2024

Will US Retail Sales Add Juice to the Dollar’s Rally?

US retail sales will hit the markets at 12:30 GMT Monday Early Easter holiday likely boosted consumer spending Another solid dataset could put more wind in the dollar’s sails US economy outperforms By most indications, the US economy finished the first quarter on a high note. Incoming data point to a robust labor market, which […]
19/07/2024

ECB Meeting Non-Event from Market Point of View

Markets The ECB kept its policy rates unchanged yesterday with President Lagarde saying that the outcome of the September meeting is “wide open”. The only sure thing is that they’ll lower the spread between the deposit rate and the main refinancing rate from currently 50 bps to 15 bps, as announced in March. Apart from […]
29/11/2023

EUR/USD Extends Rally While USD/JPY Nosedives

EUR/USD gained bullish momentum above the 1.0930 resistance. USD/JPY is declining and showing bearish signs below the 148.20 level. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro remained in a bullish zone and climbed above the 1.0965 resistance zone. There is a key bullish trend line forming with support near 1.0975 on the […]