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US benchmark indices inched upward on Monday, 14 July, with the S&P 500 rising 0.1% and the Nasdaq 100 gaining 0.3%, as investors looked ahead to the release of June’s US Consumer Price Index (CPI) data and key Q2 earnings reports from major financial institutions including JPMorgan, Citigroup, Wells Fargo, and BlackRock. In the early […]

The post Asian Stocks Rise on China Data, Gold Gains as US Dollar Softens; EUR/USD appeared first on Action Forex.

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Bitcoin Corrects, But Market Not Worried

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20/03/2024

Correction in Crypto Markets: BTC/USD Rate Drops to $60,000

On March 18, we wrote that bears became more active near the $70,000 level. As the BTC/USD chart shows, today the price of Bitcoin is already close to the psychological level of USD 60k, while the price of Ethereum is close to USD 3,000. According to MarketWatch, experts consider the decline to be a correction […]
02/05/2025

AUD/USD in a Range: Is a Bullish Breakout Next?

AUD/USD extends sideways move within 0.6340-0.6448 area. Key resistance levels in focus as bullish breakout still likely. AUDUSD has been in a tight range for almost two weeks, consolidating its rapid rally from a five-year low below its 200-day simple moving average (SMA) and within the 0.6340-0.6448 area. The 50% Fibonacci retracement of the September-April […]
17/04/2024

NZDUSD Bounces Off 5-Month Low

NZDUSD posts some gains after negative days Immediate resistance at 0.5940 Stochastics and RSI tick higher NZDUSD rebounded off the five-month low of 0.5858 after three straight negative days with the technical oscillators confirming that an upside recovery may be on the cards. The RSI is pointing north near the 30 level, while the stochastic posted a bullish crossover […]