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Bitcoin has recovered from a sharp selloff earlier in the week, rising from around 89000 to nearly 98500 post CPI. ETF flow data shows three consecutive days of net outflows for Bitcoin as correlation with Nasdaq grows. Could a Trump Presidency lead to significant capital inflow into Bitcoin in 2025? Technically, Bitcoin is at a […]

The post Bitcoin (BTC/USD) vs. Nasdaq: Is the Correlation Affecting Crypto Outflows? appeared first on Action Forex.

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EURUSD Wave Analysis

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EUR/USD Stabilises as US Inflation Cools Without Major Surprises

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19/09/2024

NZ First Impressions: GDP, June Quarter 2024

New Zealand’s GDP fell by 0.2% in the June quarter. The result wasn’t as weak as expected, and will ease concerns that the economy might have been taking a turn for the worse. Key results Quarterly change: -0.2% (last: +0.1%, Westpac f/c: -0.4%, market f/c: -0.4%, RBNZ -0.5%) Annual change: -0.5% (Last +0.3%, Westpac f/c […]
04/09/2024

Canadian Dollar Steady Ahead of BoC Decision

The Canadian dollar is showing limited movement on Wednesday. In the European session, USD/CAD is trading at 1.3555 at the time of writing, down 0.08%. BoC expected to cut for third consecutive time All eyes are on the Bank of Canada, which will announce its rate decision later today. The BoC is expected to lower […]
29/08/2024

EURAUD Wave Analysis

EURAUD falling inside impulse wave (1) Likely to reach support level 1.6260 EURAUD currency pair continues to fall inside the weekly downward impulse wave (1) which started earlier from the key resistance level 1.7000 (former yearly high from the middle of 2023). The downward reversal from resistance level 1.7000 created the weekly Japanese candlestick reversal […]