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Market Picture The crypto market capitalisation fell by 2.6% in the last 24 hours, dropping to $2.63 trillion. The selling pressure intensified amid announcements that the US may raise duties on Chinese goods to 245%. This news hit fertile ground as the market had already reached the levels of the last consolidation, and after the […]

The post Tariff News and Resistance Zone Put Pressure on Crypto appeared first on Action Forex.

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01/11/2024

US: Payrolls Disappoint in October, But Unemployment Rate Holds Steady at 4.1% 

Non-farm employment rose a meager 12k in October, well below the consensus forecast calling for a gain of 100k. Job gains over the two prior months were revised lower by 112k. The Bureau of Labor Statistics noted that Hurricane’s Helene and Milton “likely” affected estimates in some industries, though did not provide any point estimates. […]
13/03/2024

Gold Price Rally Takes Break, Dips Turn Attractive

Key Highlights Gold rallied above the $2,120 and $2,180 resistance levels. It traded below a key rising channel with support at $2,170 on the 4-hour chart. EUR/USD and GBP/USD started a downside correction. Bitcoin price extended its rally above $72,000. Gold Price Technical Analysis Gold prices started a fresh increase from the $2,050 support against […]
12/04/2024

EURGBP Wave Analysis

EURGBP reversed from resistance level 0.8585 Likely to fall to support level 0.8500 EURGBP currency pair recently reversed down from the pivotal resistance level 0.8585 (which has been reversing the price from February). The resistance level 0.8585 was strengthened by the upper daily Bollinger Band and by the 38.2% Fibonacci correction of the downward impulse […]