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Several factors contributed to this: → Effect associated with the approval of Bitcoin ETF. The media writes that investments in these financial instruments amount to about 9k bitcoins per day, and miners produce only 900 bitcoins per day. The total investment in the Bitcoin ETF after approval on January 11 is approaching USD 50 billion. […]

The post BTC/USD Price Exceeds $60,000 Per Coin appeared first on Action Forex.

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05/04/2024

AUD/USD and NZD/USD Remain In Uptrend

AUD/USD is correcting gains from the 0.6620 zone. NZD/USD is also moving lower and might attempt a fresh increase from 0.6000. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a downside correction from 0.6620 against the US Dollar. There is a key bullish trend line forming with support at […]
09/12/2023

ECB Preview: From How High to How Long

At next week’s policy meeting we expect the ECB to guide towards a more neutral policy outlook for the near term as we expect the ECB to virtually rule out the possibility of a further rate hike. That would mark the beginning of the end of the 4% policy rate level. This follows on the […]
27/09/2024

Saudi Throws in the Towel

The S&P 500 printed its 42nd record high this year yesterday on the back of a mix bag of economic and corporate news. First, the latest GDP data confirmed that the US economy grew 3% in Q2 and the price pressures fell. Corporate profits rose 3.5% in Q2 versus a 1.7% gain penciled in by […]