Eurozone inflation has just hit 8.1%. That's the highest in history!
You need to invest your money in stocks, crypto, commodities to reach get a higher return to beat the inflation!
You need to invest your money in stocks, crypto, commodities to reach get a higher return to beat the inflation!
L’Oreal Up 3.44%
Stocks in Europe bounced back on Thursday after a bad start to the week. Industrial and luxury companies are driving the indices.
L’Oreal has gone up 3.44% today, and 8.6% over the last 7 days, trading over 332 euros per share. Luxury stocks are historically performing well during economic downturns.
https://app.simplefx.com/instruments/OR.FR/chart
Stocks in Europe bounced back on Thursday after a bad start to the week. Industrial and luxury companies are driving the indices.
L’Oreal has gone up 3.44% today, and 8.6% over the last 7 days, trading over 332 euros per share. Luxury stocks are historically performing well during economic downturns.
https://app.simplefx.com/instruments/OR.FR/chart
Simplefx
SimpleFX WebTrader
Trade global assets from any device, anywhere. Apple, Tesla, Nvidia, and more stocks. Trade Forex. Buy and sell bitcoin, gold, oil, and other commodities.
Oil Soars Despite OPEC to Increase Output
WTI Crude Oil is up 3.8% and Brent Crude Oil 3.44% on SimpleFX. Sources say Saudi Arabia and other OPEC countries could increase production to make up for a supply drop caused by sanctions on Russia.
Such a move would likely lower the skyrocketing prices. Will it drop when the OPEC agreement is official? According to unconfirmed sources, OPEC+ could raise production by 650,000 barrels per day in July and August, faster than the original increase of 432,000 bpd.
Trade USOIL
https://app.simplefx.com/instruments/USOIL/chart
WTI Crude Oil is up 3.8% and Brent Crude Oil 3.44% on SimpleFX. Sources say Saudi Arabia and other OPEC countries could increase production to make up for a supply drop caused by sanctions on Russia.
Such a move would likely lower the skyrocketing prices. Will it drop when the OPEC agreement is official? According to unconfirmed sources, OPEC+ could raise production by 650,000 barrels per day in July and August, faster than the original increase of 432,000 bpd.
Trade USOIL
https://app.simplefx.com/instruments/USOIL/chart
Simplefx
SimpleFX WebTrader
Trade global assets from any device, anywhere. Apple, Tesla, Nvidia, and more stocks. Trade Forex. Buy and sell bitcoin, gold, oil, and other commodities.
Alibaba Up 9.42%
Tech companies are in the green today with S&P 500 up 1.12% and Nasdaq 100 up 1.56%. Alibaba is one of the stars of the early Monday session. The stock has gone up 9.42% today, trading around $102 on SimpleFX.
Alibaba has just launched a joint venture with Saudi Cloud Computing. This is a big move for Alibaba Cloud in establishing a strong position in the region. Last week the stock was rallying on the great result and optimistic macroeconomic data.
Trade Alibaba Now
https://app.simplefx.com/instruments/BABA.US/chart
Tech companies are in the green today with S&P 500 up 1.12% and Nasdaq 100 up 1.56%. Alibaba is one of the stars of the early Monday session. The stock has gone up 9.42% today, trading around $102 on SimpleFX.
Alibaba has just launched a joint venture with Saudi Cloud Computing. This is a big move for Alibaba Cloud in establishing a strong position in the region. Last week the stock was rallying on the great result and optimistic macroeconomic data.
Trade Alibaba Now
https://app.simplefx.com/instruments/BABA.US/chart
Simplefx
SimpleFX WebTrader
Trade global assets from any device, anywhere. Apple, Tesla, Nvidia, and more stocks. Trade Forex. Buy and sell bitcoin, gold, oil, and other commodities.
Coinbase -8.54% Despite Strategic Acquisition
Global stock markets are diving at the end of the week. Nasdaq 100 is -3.43%, S&P 500 -2.82%, and DJI30 -2.5% on Friday.
The leading US cryptocurrency exchange Coinbase is having a rough time with BTCUSD falling below $30k again. Coinbase stock is down 27.6% this week falling from $80.68 per share on Monday to $59 at the moment.
There is some bullish news on Coinbase as the company will make a strategic investment in Southeast Asian crypt exchange Zipmex. If Bitcoin and other majors rebound, this may be the moment to buy-low the Nasdaq-traded stock. But if you believe the crypto bear market will continue, Coinbase may plunge faster than BTC, ETH, and others.
Trade Coinbase Now
https://app.simplefx.com/instruments/COIN.US/chart
Global stock markets are diving at the end of the week. Nasdaq 100 is -3.43%, S&P 500 -2.82%, and DJI30 -2.5% on Friday.
The leading US cryptocurrency exchange Coinbase is having a rough time with BTCUSD falling below $30k again. Coinbase stock is down 27.6% this week falling from $80.68 per share on Monday to $59 at the moment.
There is some bullish news on Coinbase as the company will make a strategic investment in Southeast Asian crypt exchange Zipmex. If Bitcoin and other majors rebound, this may be the moment to buy-low the Nasdaq-traded stock. But if you believe the crypto bear market will continue, Coinbase may plunge faster than BTC, ETH, and others.
Trade Coinbase Now
https://app.simplefx.com/instruments/COIN.US/chart
Simplefx
SimpleFX WebTrader
Trade global assets from any device, anywhere. Apple, Tesla, Nvidia, and more stocks. Trade Forex. Buy and sell bitcoin, gold, oil, and other commodities.
MicroStrategy -27% as Magin Call Nears
MSTR opened at $150 per share, after closing at $202 on Friday. The reason is clear, the margin call for the company’s loans to buy Bitcoin is set to be around $21,000.
Bitcoin has had a terrible weekend plummeting by over 20% since Friday and going below $24k first time since 2020.
The market is at the crossroads of falling deeper or rebounding strongly. Companies related to cryptocurrencies are a great target for trading today. Coinbase, Riot Blockchain, and MicroStrategy are among the hottest stocks.
Trade MicroStrategy
https://app.simplefx.com/instruments/MSTR.US/chart
MSTR opened at $150 per share, after closing at $202 on Friday. The reason is clear, the margin call for the company’s loans to buy Bitcoin is set to be around $21,000.
Bitcoin has had a terrible weekend plummeting by over 20% since Friday and going below $24k first time since 2020.
The market is at the crossroads of falling deeper or rebounding strongly. Companies related to cryptocurrencies are a great target for trading today. Coinbase, Riot Blockchain, and MicroStrategy are among the hottest stocks.
Trade MicroStrategy
https://app.simplefx.com/instruments/MSTR.US/chart
BTC Looking for Support
The crypto panic selling continues as BTCUSD marks its eighth red daily candle in a row. Bitcoin hit $20,736 around 2 a.m. UTC today. This was BTC’s first trip below $21k since December 2020.
We have entered a dangerous territory for MicroStrategy, a company that heavily invested in bitcoin buying it at an average price of over $30k. If the bear market continues, the company may need additional collateral for its loans.
Ethereum hit $1064 a few hours ago but has recovered and is trading at over $1,150. Bitcoin is attacking $22k resistance, and a bullish run is not out of the question.
This is a critical time for cryptocurrencies, and we might witness unique buying-low opportunities if the market recovers. On the other hand, if it crashes further, it will be challenging to find the bottom below the current levels.
Trade BTCUSD
https://app.simplefx.com/instruments/BTCUSD/chart
The crypto panic selling continues as BTCUSD marks its eighth red daily candle in a row. Bitcoin hit $20,736 around 2 a.m. UTC today. This was BTC’s first trip below $21k since December 2020.
We have entered a dangerous territory for MicroStrategy, a company that heavily invested in bitcoin buying it at an average price of over $30k. If the bear market continues, the company may need additional collateral for its loans.
Ethereum hit $1064 a few hours ago but has recovered and is trading at over $1,150. Bitcoin is attacking $22k resistance, and a bullish run is not out of the question.
This is a critical time for cryptocurrencies, and we might witness unique buying-low opportunities if the market recovers. On the other hand, if it crashes further, it will be challenging to find the bottom below the current levels.
Trade BTCUSD
https://app.simplefx.com/instruments/BTCUSD/chart
Simplefx
SimpleFX: WebTrader
Experience the cutting-edge trading platform - SimpleFX WebTrader gives access to multiple assets and features for novice and seasoned traders.
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Bitcoin Bulls Defending the $20k Support
It's happening right now! $20,050 is the new low!
It's happening right now! $20,050 is the new low!
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Ethereum Defended $1,000
The lowest point: $1,002 several minutes ago...
https://app.simplefx.com/instruments/ETHUSD/chart
The lowest point: $1,002 several minutes ago...
https://app.simplefx.com/instruments/ETHUSD/chart
US Retail Sales Fall Ahead of Today's Fed Decision
It's the 1st time in 5 months this happens. At 18:00 UTC Fed meets to decide about the rates. The consensus was they would raise the benchmark from 1% to 1.5%. Any other outcome should shake the crypto and stock market.
The latest data from the U.S. Commerce Department show that retail sales decreased for the first time in five months in May as inflation began to bite consumers' pockets, prompting them to reconsider large-ticket purchases.
According to new Census Bureau figures, total retail sales in the United States were $672.9 billion in May, down 0.3% from April and up 1.1% year over year.
Sales of automobiles appear to be the major reason for the slowdown. In May, total spending was up 0.5 percent compared with April, excluding motor vehicle and component purchases. Vehicle and part sales alone were down 3.5%.
It's the 1st time in 5 months this happens. At 18:00 UTC Fed meets to decide about the rates. The consensus was they would raise the benchmark from 1% to 1.5%. Any other outcome should shake the crypto and stock market.
The latest data from the U.S. Commerce Department show that retail sales decreased for the first time in five months in May as inflation began to bite consumers' pockets, prompting them to reconsider large-ticket purchases.
According to new Census Bureau figures, total retail sales in the United States were $672.9 billion in May, down 0.3% from April and up 1.1% year over year.
Sales of automobiles appear to be the major reason for the slowdown. In May, total spending was up 0.5 percent compared with April, excluding motor vehicle and component purchases. Vehicle and part sales alone were down 3.5%.
Coinbase +15% on Strong BTC Rebound
Coinbase stocks almost broke the $60 resistance on Tuesday as investors are buying low shares of the leading US crypto exchange. The reason?
Bitcoin has come to life again. BTCUSD hit $17,852 on Sunday but has soared 23.3% since then. Today the leading cryptocurrency is up another 4.2%, has passed the $21k resistance, and continues to rally.
Investors who believe cryptocurrencies can come back in 2022 have to hurry, because the bear market may have just ended.
Those who think the sell-off has not ended yet might consider it another opportunity to dump some of the coins they bought over the weekend.
For both of these groups, trading Coinbase stock with the maximum 1:25 leverage is a great option.
Trade Coinbase
https://app.simplefx.com/instruments/COIN.US/chart
Coinbase stocks almost broke the $60 resistance on Tuesday as investors are buying low shares of the leading US crypto exchange. The reason?
Bitcoin has come to life again. BTCUSD hit $17,852 on Sunday but has soared 23.3% since then. Today the leading cryptocurrency is up another 4.2%, has passed the $21k resistance, and continues to rally.
Investors who believe cryptocurrencies can come back in 2022 have to hurry, because the bear market may have just ended.
Those who think the sell-off has not ended yet might consider it another opportunity to dump some of the coins they bought over the weekend.
For both of these groups, trading Coinbase stock with the maximum 1:25 leverage is a great option.
Trade Coinbase
https://app.simplefx.com/instruments/COIN.US/chart
Simplefx
SimpleFX WebTrader
Trade global assets from any device, anywhere. Apple, Tesla, Nvidia, and more stocks. Trade Forex. Buy and sell bitcoin, gold, oil, and other commodities.