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Market Overview The crypto market cap has fallen to $3.47 trillion. This is 4% lower than the previous day and 19% off from the global peak set just four weeks ago. Sellers are pushing cryptocurrencies into bear market territory (unofficially, this occurs when there is a 20% decline from the peak) in the hope that […]

The post Crypto on the Verge of Bear Market appeared first on Action Forex.

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28/12/2023

AUD/USD Eyes Chinese PMIs

China releases PMIs on Saturday The Australian dollar has edged lower on Thursday. In the European session, AUD/USD is trading at 0.6833, down 0.21%. Earlier today, the Aussie climbed as high as 0.6871, its highest level since July. Risk appetite rise boosts Aussie The US dollar has hit rough times and the Australian dollar has […]
21/11/2024

Euro Area Consumer Confidence Out Today

In focus today Today, in the euro area we receive data on consumer confidence for November. We have seen a strong upward trend the past year, which bodes well for consumption next year if it continues. In Sweden, we have a speech by Riksbank vice governor Per Jansson at 14:45 about the economic situation. According […]
04/07/2024

Brent Crude – Oil Runs into Resistance as EIA Inventories Fall

Brent Crude oil prices rose on Wednesday due to a larger-than-expected draw in US crude inventories. The market anticipates further inventory reduction, leading to potential support for prices in Q4. Technical analysis suggests bullish continuation, with a key resistance level at 87.90 and potential for a move towards 90.00 if this level is breached. Brent […]