Logo-color Logo-white

Market picture The crypto market has significantly slowed its decline, losing 0.3% in the last 24 hours to $2.12 trillion. However, this calm is more due to a lull ahead of major news than a change in sentiment. Bitcoin remains just above its 50-day moving average at $61,150 and is virtually unchanged for the day. […]

The post Crypto Market Awaits News appeared first on Action Forex.

previous

AUDUSD Pauses Bullish Rally for a While

next

USD/JPY Technical: Recent Mean Reversion Eebound in US Dollar Strength May Have Hit a Ceiling

Read More

10/06/2024

Strong US Jobs, European Elections Hammer EUR/USD

The sight of the 272K new nonfarm job additions and the fastening wages growth above 4% on a yearly basis smashed the dovish Federal Reserve (Fed) expectations on Friday, and sent the US 2-year yield from around 4.70% to 4.90% in a single move, the 10-year yield spiked to 4.45% and the US dollar index […]
18/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently shows an overall bearish momentum, indicating a potential for price to make a bearish reaction off the 1st resistance and fall towards the 1st support. The 1st resistance level at 102.62 is identified as an overlap resistance that aligns close to the 38.20% Fibonacci retracement level. Higher […]
14/03/2024

March Flashlight for the FOMC Blackout Period

Summary We do not expect the FOMC to change the federal funds rate or alter its current pace of balance sheet runoff at its upcoming meeting on March 19-20. Since the Committee last met, the U.S. inflation data have come in a bit stronger than expected, while the labor market generally has remained resilient. With […]