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Market Overview The crypto market cap has changed slightly over the past 24 hours, adding a modest 0.1% to $3.81 trillion. Short-term charts show a slight upward trend with higher local highs and lows. There is no uniformity in the dynamics among the largest coins, ranging from a 2% decline in Ethereum to a 3% […]

The post Bitcoin Tries to Bounce Back Up appeared first on Action Forex.

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27/05/2024

Quiet Start to a Week Where Inflation Will Be in Focus

In focus today The week kicks off with a very light schedule. We receive the Germany Ifo indicator for May at 10.00 CET. The past two months have seen an increase in the assessment of the business situation, and it will be interesting to see if this continued in May. The US is out today […]
19/12/2024

FOMC Cuts Rates, but Pace of Easing Ahead Likely Will Slow

Summary As widely expected, the FOMC cut the target range for the federal funds rate by 25 bps at today’s meeting. However, one Committee member, who preferred to keep rates on hold, dissented. Wording in the post-meeting statement was changed to signal that further easing may proceed at a slower pace. The median dot for […]
29/08/2024

EURCHF Wave Analysis

EURCHF broke support level 0.9400 Likely to fall to support level 0.9250 EURCHF currency pair is falling inside the minor impulse wave iii which started earlier from the pivotal resistance level 0.9550 (former support from April). The pair today broke the support level 0.9400 – which should add further pressure on this currency pair. Given […]