Key Highlights Bitcoin price started a steady increase above the $92,000 resistance. A connecting bullish trend line is forming with support at $92,400 on the 4-hour chart of BTC/USD. Ethereum price is consolidating above $1,750 and aims for a fresh increase. Gold is correcting gains and might decline below the $3,220 support zone. Bitcoin Price […]
The post Bitcoin Bullish Bias Builds — Higher Ground Ahead? appeared first on Action Forex.
UK PMI Services rose modestly from 49.0 to 50.2, while Manufacturing PMI edged lower from 45.4 to 45.1. As a result, the Composite PMI ticked up from 48.5 to 49.4, still below the 50-mark that Read more…
Markets Yesterday’s US 20-yr $16bn bond sale was a rough one. The auction tailed 1.2 bps vs the 5.035% WI yield with lower-than-average demand. US yields ripped higher, extending earlier gains. Net daily changes varied Read more…
Daily Pivots: (S1) 192.34; (P) 193.03; (R1) 193.49; More… Intraday bias in GBP/JPY stays neutral. While deeper pullback might be seen, further rally is expected as long as 190.22 structural support holds. On the upside, Read more…