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Key Highlights Ethereum rallied over 15% and cleared the $1,750 resistance. ETH surpassed a key bearish trend line with resistance at $1,640 on the daily chart. Bitcoin price also rallied and surpassed the $93,500 resistance. XRP is showing positive signs, and the bulls could aim for a move toward $2.50. Ethereum Technical Analysis Ethereum remained […]

The post Ethereum Flips Key Resistance – Can Bulls Ride the Wave to $2,000? appeared first on Action Forex.

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01/12/2023

Canada’s Labour Market Posts Decent Gain in November

The Canadian labour market added 24.9k positions in November, with full-time employment up 59.6k and part-time employment down 34.7k. The unemployment rate rose 0.1 percentage point to 5.8% and the participation rate was unchanged at 65.6%. Employment by sector showed gains in manufacturing (+28k) and construction (+16k), while losses were seen in wholesale/retail trade (-27k) […]
06/09/2024

USD/JPY – Yen Extends Rally Ahead of US Jobs Data

The Japanese yen has posted strong gains on Friday. In the European session, USD/JPY is trading at 142.76 at the time of writing, down 0.47% on the day. The yen is on a tear and is up 2.3% against the greenback this week. Japan’s household spending misses expectations Japan’s economy is showing signs of recovery […]
16/08/2024

Market Analysis: Gold and Oil Prices Aim For Further Gains

Gold price started a fresh increase above the $2,432 resistance level. Crude oil prices are gaining bullish momentum and might even test $80.00. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a steady increase from the $2,400 zone against the US Dollar. A connecting bearish trend line is forming with resistance […]