ETHUSD (Ethereum) experienced a significant correction after its 2023 rally stalled around the 1,740 zone in mid-February. However, the digital asset managed to stage a solid comeback, generating a fresh six-month high of 1,780 before paring some gains. The momentum indicators currently suggest that the bullish forces are in control. Specifically, the stochastic oscillator is ascending, while the […]
The post ETHUSD Retraces Lower after Posting Fresh 6-month High appeared first on Action Forex.
Switzerland’s KOF Economic Barometer declined from 103.0 to 101.7 in February, missing expectations of 102.1. The data suggests weakening momentum in the economy, with most production-side sectors facing increasing pressure. According to KOF, manufacturing and Read more…
BoE Deputy Governor Dave Ramsden indicated a shift in his inflation outlook, stating that he no longer views risks to achieving the 2% target as skewed to the downside. Instead, he now sees inflation risks Read more…
Markets The stars aligned for a significant risk-off correction yesterday. First and foremost, the market narrative changed since the end of last week with investors attaching a higher probability to a mid-term US recession. Especially Read more…