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Key Highlights Ethereum failed to surpass the $2,800 resistance and trimmed most gains. ETH price is following a major bearish trend line with resistance near $2,820 on the daily chart. Bitcoin price remains at risk of more losses below $60,000. Gold prices might gain pace for a move toward the $2,700 level. Ethereum Technical Analysis […]

The post Ethereum Rejected: Can It Avoid a Deeper Downturn? appeared first on Action Forex.

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08/11/2024

EUR/USD Stabilises, Considers Trump’s Impact

EUR/USD is settling around 1.0785, assessing the market impact of this week’s events. With Donald Trump’s return as US President, the market is recalibrating expectations around inflation and economic policies that his administration may reintroduce. Trump’s protectionist stance could stir inflationary pressures, prompting the Federal Reserve to maintain higher interest rates than anticipated. This potential […]
30/08/2024

Cliff Notes: Capacity is Paramount

Key insights from the week that was. In Australia, the latest Monthly CPI Indicator reported an easing in both headline and underlying (trimmed mean) inflation, from 3.8%yr and 4.1%yr in June to 3.5%yr and 3.8%yr in July respectively, broadly in line with expectations. The onset of cost-of-living relief measures were crucial to the latest step-down, […]
16/04/2024

WS Risk-Off Spilled Over to Asia

Markets Markets yesterday initially reacted stoic to Saturday’s attack of Iran and against Israel. European and US equity markets even opened in green. Brent oil briefly dropped below the $90 p/b mark. Investors apparently expected any Israeli reaction to be guarded as the international community advocated de-escalation. Yields also resumed the uptrend that was interrupted […]