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 past week will go down in history as the Bank of Japan (BoJ) hiked the policy rate for the first time in 17 years while the Swiss National Bank (SNB) cut its rate, becoming the first G10 central bank to do so in the current cycle. The BoJ decided to set the overnight call […]
The post Weekly Focus – Historical Central Bank Week: A Hike and A Cut in G10 appeared first on Action Forex.
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Buy GBPAUD reversed from the support zone Likely to rise to resistance level 2.060 GBPAUD currency pair recently reversed from the support area between the support level 2.0290 (former multi-month resistance from December) and the 38.2% Fibonacci correction of the upward impulse from February. The upward reversal from this support zone stopped the […]