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Ethereum Rally Halts at Crucial Resistance Level – Action Forex
Ethereum has been seeing a positive trend in its value following the US presidential election results. The cryptocurrency managed to climb above the 2,810 mark for the first time since August, indicating a strong...
China Officials to Hold Briefing at 0800 GMT: What to Expect
Foreign exchange trading is a risky endeavor that may not be suitable for all investors. It is important to be aware of the risks involved, especially when using leverage, as it can increase your...
EUR/USD Daily Analysis: Forex Forecast and Trading Strategies
The EUR/USD daily analysis shows that the forex forecast and trading strategies are currently in a consolidation phase. The intraday bias for the EUR/USD remains neutral as long as it stays above the temporary...
Bitcoin Price Forecast: JP Morgan Predicts 8-Week Rally Due to ‘Trump Trade’
Bitcoin price forecast: JP Morgan predicts an 8-week rally due to the 'Trump Trade'According to JP Morgan, the price of Bitcoin is expected to experience an 8-week rally due to the 'Trump Trade'. This...
Beware of Federal Reserve’s Hawkish Stance: Impact on Forex Trading
The Federal Reserve's hawkish stance is something that forex traders need to keep an eye on. The FOMC statement is about to be released, and all eyes are on Fed Chairman Jerome Powell's press...
October CPI Preview: Disinflation Challenges Ahead – Action Forex
The October Consumer Price Index is expected to show slow progress in reducing inflation. The headline CPI is projected to have increased by 0.2% in October, bringing the 12-month change in consumer prices to...
BOE Governor Bailey: Services Inflation Needs to Decrease Broadly | Forexlive
BOE Governor Andrew Bailey emphasized the need for a decrease in services inflation during a recent speech. He highlighted the importance of addressing inflation in the services sector to ensure overall economic stability. Bailey's...
Spain October Services PMI Misses Expectations with a Reading of 54.9
In October, Spain's services sector experienced a slight weakening in growth momentum, with a PMI reading of 54.9, falling short of expectations set at 57.0. However, this reading is still considered solid overall. Sales...
Bitcoin Surges to All-Time High Amid U.S. Election Updates
Bitcoin has reached a new all-time high, surpassing the previous peak set on 14 March. The price of Bitcoin surged past $75,300 per coin, showing a significant increase in value. This surge coincides with...
USDCAD Price Action Approaches Hourly Moving Averages
The USDCAD had a downward movement and tested the support level at 1.3813 towards the end of the trading day, hitting a low of 1.3817 before slowing down. Thanks to early successes from the...