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Market Picture The Crypto market cap has fallen 1.7% in the last 24 hours to $3.29 trillion, despite continued positive traction in the equity market. The strengthening dollar on news of tariffs has been a natural drag on cryptos. This is doubly true due to Bitcoin’s proximity to the highs, reinforcing the pull for short-term […]

The post Crypto Booked Profits Amid General Euphoria appeared first on Action Forex.

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09/01/2024

Shaky optimism

The US equities followed up on the European stock market gains on Monday; technology stocks gained the most and their precious contribution to the S&P 500 pushed the latter up by more than 1.40% yesterday, as Nasdaq 100 rallied past 2%. Boeing and Spirit AeroSystems were heavily hit by a after Boeing’s 737 Max 9 […]
14/10/2024

EUR/USD Experiences Downward Pressure Amid Fed Rate Cut Speculations

EUR/USD has seen a slight downturn, correcting near the support level of 1.0905 as the market adjusts its expectations regarding the Federal Reserve’s monetary policy. The probability of a 25-basis-point rate cut by the Fed in November currently stands at 86.8%, reflecting a cautious outlook for significant further easing this year. Economic data from Germany […]
25/01/2024

EUR/USD – Rallies Despite Continued Weakness in Eurozone PMIs

Eurozone data remains recessionary EURUSD rebounds after surveys Is it just a corrective rally? The data from the eurozone isn’t improving early in the new year, with the latest PMI surveys all remaining firmly in contraction territory. While we’re continuing to see improvements in the manufacturing survey, that comes from a very low base and […]