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Market picture The crypto market continues its impressive growth, rising over 3.5% in 24 hours to $1.87 trillion. Having broken through its January peak, the market is now at its highest level since April 2022. Confidently gaining momentum even before bitcoin halved, and with the Fed’s rate cut date still some way off, the crypto […]

The post Where Will Bitcoin’s New Growth Momentum End? appeared first on Action Forex.

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15/05/2024

April CPI: It’s a Start

Summary The first CPI report of Q2 should be seen as welcome news by the FOMC. The headline CPI rose 0.3% in April, a tenth below consensus expectations, while the core CPI also increased 0.3%, in line with expectations but a downshift from the pace registered in Q1. Flat food prices and a decline in […]
29/02/2024

Focus Turns to Inflation

In focus today In the US, January Personal Consumption Expenditures (PCE) data is due for release this afternoon. Consensus foresees Core PCE, which is the Fed’s preferred measure for underlying inflation, at 0.4% m/m SA, in line with a similar increase in the CPI released earlier. We will also keep an eye out for real […]
11/06/2024

Macron Calling for French Snap Election Shakes Markets

In focus today In the US, NFIB’s small business optimism index is due for release for May. General sentiment has remained weak over the past few months, and also firms’ price plans took a turn lower in the April survey. In the UK, focus turns to the release of the official UK labour market report. […]