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It’s yet another day of stimulus announcements in China, and another round of letdowns for investors. Chinese authorities today announced to almost double the amount it deployed to support what’s called ‘white list’ projects – we are talking about a 4 trillion yuan initiative to facilitate funding thousands of public and private projects in 170 […]

The post Will ECB Give in to Soft Inflation, Stagnating Growth? appeared first on Action Forex.

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Bitcoin Price Restarts Bullish Surge: Is The Next Peak Near?

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EURUSD Dives Beneath Significant Levels, Losing 3%

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12/04/2024

Pound Slips to 4.5-Month Low, UK GDP Ticks Higher

The British pound has edged lower on Friday. In the European session, GBP/USD is trading at 1.2594, down 0.47%. The pound is down 1.1% this week and fell to 1.2489 earlier today, its lowest point since November 23. UK economy ekes out a 0.1% gain It wasn’t a spectacular GDP report but a gain is […]
04/01/2024

AUD/JPY Price Analysis: Sees Modest Gains as Buyers Target 97.00

AUD/JPY edges down to 96.35 after a 0.46% gain, with bullish-harami pattern suggesting potential upside momentum. Buyers aim for the January 2 high of 96.71 and the 97.00 mark, with subsequent resistance levels at 97.67 and 98.00. If the upside is capped, sellers might target Senkou Span B at 96.14 and Kijun Sen at 95.90, […]
07/02/2024

Bitcoin is Looking at Stocks, and That’s Worrisome

Market picture The crypto market remains stable while waiting for further signals. The crypto cap is up 0.4% in 24 hours to $1.64 trillion. Bitcoin is trading at $42.7K – virtually unchanged in 24 hours, just 1.4% lower than a week ago and a 1.8% decrease over 30 days. Don’t think that the first cryptocurrency […]