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Market Overview The crypto market has gained 2% over the past 24 hours, reaching $2.75 trillion. This marks a surge to the highest levels in three and a half weeks and an attempt to break upwards from a prolonged consolidation. At this stage, attention is focused on top-tier coins — BTC, ETH, XRP, and BNB […]

The post Bitcoin Starts Breaking Resistance appeared first on Action Forex.

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31/01/2024

USDCAD Slides But Finds Support at Around 1.3410

USDCAD retreats but meets support at 1.3410 Both the daily oscillators paint a mixed picture For the picture to brighten, a break above 1.3535 may be needed USDCAD slid in the last few days after hitting resistance once again at around 1.3535. That said, the retreat stopped near the 1.3410 barrier, keeping the pair above […]
25/04/2025

Yen Loses Ground as Tokyo Core CPI Hits 2-Year High

The Japanese yen is in negative territory on Friday. In the European session, USD/JPY is trading at 143.45, up 0.59% on the day. Tokyo Core CPI rises to 3.4% Tokyo Core CPI rose to 3.4% y/y in April, its highest level since April 2023. This was sharply higher from the 2.4% gain in March and […]
04/09/2024

Research US: Soft Landing Still in Sight

Economic growth is slowing mostly in line with our expectations, but we think recession risks remain low. We make only marginal adjustments to our forecast profile and see 2024 GDP growth at 2.5% (from 2.3%) and 2025 at 1.5% (unchanged). Potential output continues to grow at a brisk pace, supported by increases in labour supply, […]