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A New Downturn in the Crypto Market

A New Downturn in the Crypto Market

Market Picture The cryptocurrency market retreated 2.9% over the past 24 hours to $2.08 trillion from levels near $2.15 trillion, which had been resistance for the past ten days. Despite moderate optimism in equities following the inflation data, cryptocurrencies...
GBP/JPY Daily Outlook – Action Forex

GBP/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 188.05; (P) 188.74; (R1) 189.62; More… Intraday bias in GBP/JPY stays neutral and outlook remains bearish with 38.2% retracement of 208.09 to 180.00 at 190.73 intact. On the downside, below 186.46 minor support will turn intraday bias back to the...
FX option expiries for 15 August 10am New York cut

FX option expiries for 15 August 10am New York cut

There are a couple to take note of on the day, as highlighted in bold.The first being for EUR/USD at the 1.1000 mark. That continues from yesterday and there will be large expiries at the figure level in play again tomorrow. As such, the expiries could offer a bit of...
Aussie Rises on Strong Job Growth, But Gains Limited

Aussie Rises on Strong Job Growth, But Gains Limited

Australian Dollar strengthened during Asian session today, buoyed by stronger-than-expected employment growth data. This positive surprise offered some support to Aussie, though gains were limited, failing to push the currency above yesterday’s high. The labor market...
Ethereum Gently Gaining Momentum – Action Forex

Ethereum Gently Gaining Momentum – Action Forex

Market Picture The cryptocurrency market added 2.2% in the last 24 hours to reach $2.14 trillion, a fresh attempt to climb into the upper half of last month’s trading range from where last week’s sell-off was intensified. Over the past 24 hours, the macroeconomic...