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Market Picture The crypto market has lost 1.6% of its capitalisation over the past 24 hours to $3.39 trillion. Technically, this is a retreat from previous highs, which provided resistance. The sell-off was triggered by pressure on risky assets due to renewed tensions in the Middle East. However, this should be seen as a temporary […]

The post Bitcoin Fails to Consolidate Above $110K appeared first on Action Forex.

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10/12/2024

GBPUSD Capped By 200-Day SMA

GBPUSD remains in negative area But holds beyond the downtrend line RSI and MACD give some optimistic views GBPUSD is experiencing a new bullish attempt to remain above the short-term descending trend line, but the 200-day simple moving average (SMA) at 1.2815 appears to be a tough obstacle for traders. If the market overcomes the aforementioned barrier, […]
10/05/2025

Markets Weekly Outlook – US-China Trade Talks & Global Economic Data

Market sentiment improves amid US-China trade talk optimism, despite concerns over tariff impacts on the global economy. Key economic data releases are expected across Asia, Europe, and the US, with a focus on inflation and retail sales. The US Dollar Index remains a focal point, showing a grind higher and influenced by trade talk developments. […]
16/10/2024

This Time Is Not Different For China

Summary High profile policy announcements from China have captured financial markets’ attention over the past few weeks. China’s central bank eased monetary policy, while the Ministry of Finance deployed fiscal resources to aid the property sector and local banks. However, with few fiscal resources deployed toward supporting broader domestic demand, we don’t think the growth […]