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Market Picture Cryptocurrencies continued to surge, pushing the total capitalisation of this market to a new high of $3 trillion. It was just $2.2 trillion on November 5th. In other words, over 10 days, the increase was more than 35%. Bitcoin has gained nearly 20% since the start of the week, barely slowing at the […]

The post Crypto: Tug-of-War at New Altitude appeared first on Action Forex.

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23/02/2024

New Zealand Dollar Edges Lower After Soft Retail Sales

The New Zealand dollar has been on a roll but is in danger of snapping a seven-day rally during which it gained over 2% against the US dollar. NZD/USD is trading in the European session at 0.6185, down 0.16%. New Zealand retail sales decline by 1.9% Another retail sales report, another decline. New Zealand retail […]
04/06/2024

Swiss Franc Edges Higher as Inflation Holds at 1.4%

The Swiss franc is in positive territory on Tuesday. USD/CHF is trading at 0.8935 in the European session, down 0.24% on the day. The Swissie has posted its strongest rally of the year, with gains of 2% since May 29th and is trading at its highest level since March 21st. Swiss inflation unchanged Switzerland’s inflation […]
03/10/2024

Ethereum Rejected: Can It Avoid a Deeper Downturn?

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