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Market Picture The crypto market capitalisation fell by 2.6% in the last 24 hours, dropping to $2.63 trillion. The selling pressure intensified amid announcements that the US may raise duties on Chinese goods to 245%. This news hit fertile ground as the market had already reached the levels of the last consolidation, and after the […]

The post Tariff News and Resistance Zone Put Pressure on Crypto appeared first on Action Forex.

Markets The calm is already over. It took two days for the trade conflict to return to the front pages and dominate trading again. It started with China banning Boeing jets, followed by EU officials returning from US trade talks without progress and ended with the US imposing additional export restrictions against chipmaker Nvidia & […]

The post Sunset Market Commentary appeared first on Action Forex.

BoC left its overnight rate unchanged at 2.75% today. BoC reiterated its intention to “proceed carefully,” noting a wide range of uncertainties. Key among these are the drag from US tariffs on Canadian exports, and the downstream effects on business investment, employment, and household spending. The central bank also flagged concerns about how quickly cost […]

The post BoC holds at 2.75%, warns prolonged trade war could trigger 2025 recession appeared first on Action Forex.