BTCUSD bounces off 2024 low and reclaims 40,000 But price dips back below 50-day SMA after advance pauses Momentum indicators suggest weakening buying pressures BTCUSD (Bitcoin) experienced a strong decline from its recent two-year peak of 49,051, dropping to as low as 38,460. Despite the price’s attempt for recovery, a new round of weakness has begun, with […]
The post BTCUSD Drops Below 50-day SMA appeared first on Action Forex.
Monday, Nov 25, 2024 Tuesday, Nov 26, 2024 Wednesday, Nov 27 2024 Thursday, Nov 28, 2024 Friday, Nov 29, 2024 The post Summary 11/25 – 11/29 appeared first on Action Forex.
Weak PMI data from Europe and the UK raise concerns about global economic outlook and sent the EUR and GBP tumbling. Escalating tensions in Russia-Ukraine and the Middle East add to market uncertainty. Upcoming PCE Read more…
Canadian Highlights Canadian inflation made headlines this week, with both overall and core inflation pushing higher in October. The Canadian consumer was also in the spotlight as retail sales surged and the Federal government announced Read more…