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Market Picture A wave of profit-taking hit the cryptocurrency market on Monday morning. It seems that the failure of cryptocurrencies to rise over the weekend caused players to pull stop orders very close to market prices, and we saw a massive exit from long positions in low liquidity before the regular session in Asia. Strong […]

The post The Flash Sell-off in Crypto? appeared first on Action Forex.

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GBP/USD – Pound Edges Higher ahead of UK Job Data

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13/03/2024

GBP/USD Shrugs as UK Economy Shows Slight Growth

The British pound is drifting on Wednesday. In the European session, GBP/USD is trading at 1.2784, down 0.06%. UK GDP expands 0.2% in January It wasn’t a spectacular rebound but the UK economy showed some slight improvement, with GDP rising 0.2% m/m in January. This modest gain was in line with market expectations and followed […]
02/08/2024

USDCHF Bearish Pressure Lingers

USDCHF’s retreat continues with a new 6-month low recorded Downtrend from early May high is in place Momentum indicators acknowledge the bearish pressure USDCHF is trading sideways today, a tad above the 0.8699 level and trying to record its fourth consecutive red candle since failing to break above the 200-day simple moving average (SMA). It […]
12/08/2024

Australian Dollar Gains Ground, Eyes Wage Growth

The Australian dollar has started the week in positive territory. AUDUSD is trading at 0.6596 in the European session, up 0.41% on the day at the time of writing. Australian dollar recovers as markets stabilize The Australian dollar has quickly recovered from the recent turbulence which routed global stock markets. Last Monday, the Australian dollar […]