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Key Highlights Bitcoin price is consolidating above the $94,000 support zone. BTC is facing hurdles near a key bearish trend line with resistance at $97,250 on the 4-hour chart. Ethereum price is struggling to gain pace for a move above $2,850 and $3,000. GBP/USD aims for a move above the 1.2630 and 1.2650 levels. Bitcoin […]

The post Bitcoin Fights To Break Free—Can It Rise Above Key Levels? appeared first on Action Forex.

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29/08/2024

CPI from Spain and Germany to Give Direction for Tomorrow’s EA Print

In focus today The focus in the Nordics for today will be the Q2 GDP report from Sweden due at 08.00 CET. The unofficial GDP indicator showed a 0.8% q/q drop in GDP, however, that seems a tad excessive to us and we would not be surprised if today’s release indicates slightly less negative growth. […]
12/12/2024

Sunset Market Commentary

Markets The ECB as expected lowered the policy rates by 25 bps to 3% (deposit). The ECB will no longer reinvest some of the maturing PEPP bonds, allowing for a natural roll-off of the pandemic bond portfolio in fashion identical to APP. The central bank in its statement said disinflation is well on track. CPI […]
10/02/2025

Dow Jones Wave Analysis

Dow Jones reversed from the resistance level 45000.00 Likely to fall to support level 44000.00 Dow Jones index recently reversed down from the strong resistance level 45000.00 (which has been reversing the price from November) coinciding with the upper daily Bollinger Band The downward reversal from the resistance level 45000.00 created the daily Japanese candlesticks […]