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Market Picture The crypto market cap remained at $1.65 trillion. Bitcoin spent another day almost unchanged at $42.8K. Ethereum was a major growth driver, gaining 1.6% on the day to $2,350 and reversing to the downside as it approached $2,400. This is the same place where we saw a reversal at the end of January […]

The post Ethereum Nears Recent Turning Point appeared first on Action Forex.

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03/09/2024

BoC Rate Decision: Third Rate Cut on the Way

BoC could easily cut interest rates for the third time on Wednesday Macro data favors additional easing but will it be a continuous process? USDCAD needs a close above 1.3585 to gain fresh bullish momentum The easing cycle has more room to go The Bank of Canada (BoC) is in the front of the global […]
19/09/2024

NZDUSD Leads the Pack as FOMC Rate Decision Looms

NZDUSD bulls retake control; fight for a close above 20-SMA Short-term bias is positive, but there are more obstacles on the upside NZDUSD is a top performer today as investors are actively waiting for the Fed’s rate decision. The pair picked up positive momentum above its 20-day simple moving average (SMA) at 0.6195, which has […]
18/01/2024

Trimming

Investors continue to come back to their senses and the latter involves trimming the interest rate cut expectations that went ahead of themselves over the past few months. Yesterday, the Federal Reserve’s (Fed) Beige Book survey suggested that resilient consumer spending during the holiday season helped propel the US economy, and another solid rise in […]