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Market picture Crypto market capitalisation rose 5% in 24 hours to $2.44 trillion, driven by extreme greed. The crypto market had a higher capitalisation for a few days in May and October-December 2021, but that was in an ageing bull market compared to a relatively young one now. The current growth wave can be broken […]

The post Two Drivers of Crypto Growth appeared first on Action Forex.

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05/09/2024

USDCHF Eyes August’s Low as Bears Stay in Charge

USDCHF trims latest rebound, holds bearish trend ahead of US data Short-term bias skewed to the downside; bears wait for a move below 0.8435 USDCHF has been stuck in a downward trend since April’s peak of 0.9223, unable to sustain any bullish corrections. More recently, following its bounce from an eight-month low of 0.8398, the […]
12/08/2024

Research Japan: Hawkish BoJ Keen on More Hikes

The BoJ has taken up a much more aggressive strategy and we no longer expect them to wait for all the pieces to fall in place before tightening policies further. We expect the BoJ will hike its policy rate to 1% within the coming 12 months. The rate hike on 31 July was pivotal for […]
27/03/2024

Further Yen Losses Avoided as Fin Min Suzuki Warned

Markets Quite a long series of US data (including consumer confidence, house price data, durable goods orders and regional business sentiment) yesterday failed to provide any clear directional guidance for US and broader markets trading. US and German yields lost 1-2 bps across the curve. This low volatility environment initially supported a further upward drift […]