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U.S. Highlights Minutes from the December FOMC meeting confirmed that monetary policy was “likely at or near its peak” for this tightening cycle, but showed no meaningful discussion on rate cuts. The U.S. economy added a better-than-expected 216k jobs in December, but downward revisions to the prior two months kept a cooling trend intact. The […]

The post The Weekly Bottom Line: Rate Cut Expectations Ease Slightly at the Start of 2024 appeared first on Action Forex.

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23/07/2024

Crypto: Tactical Retreat from the Peak

Market picture The cryptocurrency market lost 2% of its capitalisation in 24 hours to $2.41 trillion. However, this is a pullback from a high base. This tug-of-war between bulls and bears points to the importance of the current situation. Bitcoin and Ethereum are losing just over 1% each, while most altcoins are losing significantly more, […]
28/08/2024

USDCHF Wave Analysis

USDCHF broke key support level 0.8450 Likely to fall to support level 0.8330 USDCHF currency pair today broke below the key support level 0.8450 (which stopped the previous sharp downward impulse wave (1) at the start of August). The breakout of the support level 0.8450 should accelerate the active impulse wave (3) which started earlier […]
30/11/2023

Crypto Market: Another Pullback Within the Framework of Growth

Market picture The crypto market cap fell 0.5% in 24 hours to $1.42 trillion, showing another pullback as part of a broader uptrend that started in mid-October but has slowed in the last couple of weeks. Bitcoin underwent a sell-off on Wednesday afternoon from the upper end of an upward range above $38.4K. Countless times, […]