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Market picture The crypto market remains in a downtrend. Its cap rose 0.2% over the past 24 hours to $2.72 trillion and generally remains in a very tight range with a short-term ceiling of $2.75 trillion. Just over a month ago, similar local resistance was half a trillion higher. The crypto market remains in a […]

The post Ethereum Gives Way appeared first on Action Forex.

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19/09/2024

GBPJPY Surges Above 188.00 Key Barrier

GBPJPY jumps above 188.00, confirming a higher low A break above 193.50 could brighten the picture A move below 183.70 may turn the outlook back to bearish GBPJPY traded higher on Thursday, clearing the key resistance (now turned into support) barrier of 188.00. The move confirmed the higher high at 183.70, which cancels the bearish […]
08/12/2023

US: Job Growth Rebounds in November, Unemployment Rate Ticks Lower

Non-farm payroll employment rose by 199k in November, slightly ahead of expectations calling for a gain of 185k. Employment figures for September were revised lower by 35k, while October numbers were unchanged. Hiring over the last three-months averaged 204k jobs per-month, a slight uptick from the 192k averaged between August-October but well off the 334k […]
16/01/2025

USD/JPY: Yen Strength Elements Emerged Ahead of BoJ Meeting Next Week

Hawkish speeches from BoJ officials coupled with a softer US core CPI print for December put an interim ceiling on US dollar strength against the yen. The leading 10-year yield spread of the US Treasury note against the JGB has staged a bearish breakdown condition. Medium-term uptrend of USD/JPY from 16 September 2024 low is […]