Logo-color Logo-white

Bitcoin bounced on Monday, benefiting from its status of alternative currency after new tariff announcement shook the markets and boosted safe haven demand. Near term action is moving between ascending 100DMA (95210, which offers initial support and so far keeps the downside protected) and 55DMA (98865, guarding psychological 100K barrier). Although talks about new tariffs […]

The post Bitcoin Gains Traction on Talks of New Tariffs appeared first on Action Forex.

previous

Can. Dollar Shrugs After Strong Can. Jobs Report

next

Gold (XAU/USD) Outlook: $3000/oz Target Possible as Safe Haven Demand Rises

Read More

10/02/2024

U.S. Inflation to Fall Below 3% for First Time in Nearly Three Years

U.S. retail sales and consumer price index reports for January will be closely watched for whether strong consumer spending and slowing inflation continue to unexpectedly coexist. The U.S. Federal Reserve remains wary that strong demand could reignite price growth, but to date, inflation has continued to edge broadly lower. Strong consumer spending and resilient labour […]
18/10/2024

XAU/USD Outlook: Gold Hits New Historical High Above Psychological $2700 Level

Gold cracked psychological $2700 barrier and hit new historical high on Friday morning. Looser monetary policy conditions continue to support the price, along with growing nervousness over US election, with the latest threats of further escalation of the war in the Middle East, sparking increased demand for safe haven bullion. Fresh rise of gold price […]
24/05/2024

Weekly Focus – Euro Economy on Track for Mild Recovery

Economic news was to the solid side this week with not least euro area PMIs painting a stronger picture. The main surprise came from manufacturing PMI which increased from 45.7 to 47.4 (consensus 46.1) while the service sector stayed at a decent level of 53.3. The service report highlighted the strength of the labour market […]