SimpleFX Market News
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BTCUSD Falls Below $19k

Indexes in Europe are diving as global stocks are coming to an end of the worst 1st half of a year since 1970.

We are entering unchartered waters. Brace yourselves, and trade accordingly!

https://app.simplefx.com/instruments/BTCUSD/chart
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US Stocks Crash

The last day of the first half of 2022 is in the red. German, British, and French stocks plummeted. US indexes are losing value: DJI30 (-1.42%), SPX500 (-1.43%), NDX100 (-1.86%), and RUSSELL2000 (-1.88%).

Stocks from all sectors are going down. Tech giants - like Apple, Amazon, Alibaba, or Google - as well as the aluminum giant Alcoa Corporation.

Crypto-related stocks are diving, with Coinbase -10%, as Bitcoin fell below the $19k support, and Ethereum is trying to defend the $1,000 threshold.

We have entered a time of unprecedented volatility, an excellent opportunity for margin traders. Time to make your move!

Trade Coinbase
https://app.simplefx.com/instruments/COIN.US/chart
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AMC Ready to Rock Again?

AMC Entertainment Holdings stock is up 2.4% early today, despite the market going down. The famous 2019 meme stock is going up against the current 12.82% this week.

If you are looking for a speculative US stock, you can trade AMC with an up to 1:50 leverage.

In March 2022, the movie theater chain stocks gained over 90% in just six days.

Trade AMC

https://app.simplefx.com/instruments/AMC.US/chart
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Rolls-Royce Dives -3.86%

British multinational aerospace and defense company's price went down to £83 per share on the general bearish sentiment in the European markets.

Since the beginning of 2022, Rolls-Royce crashed, losing one-third of its value. Some analysts hint it may be a good point to buy in, but the UK stocks could continue to fall if the crash continues.

Rolls-Royce Holdings has nothing to do with Rolls-Royce Motor Cars, a BMW subsidiary. RR Holdings thrives on military spending and air travel recovery as the company manufactures and services aircraft engines.

The RR Holdings stock is going through massive daily price swings, with no clear trend since May 1. Trade it before it takes off (or dives) for good!

Trade RR.UK
https://app.simplefx.com/instruments/RR.UK/chart
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Beyond Meat up 6.5% Against the Market

Plant-based meat manufacturer is trending up 6.5% today and 14% this week. That’s unique as indexes are deep in the red, with NDX100 -1.78% and DJI30 -2.24% on Tuesday.

If you are looking for a growth stock that will respond to news about new Beyond Meat products and growing market adoption, that seems to be a good choice.

Trade Beyond Meat
https://app.simplefx.com/instruments/BYND.US/chart
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Gold Crash Continues

XAUUSD has lost 2.68% this week and has been downtrend since March, going from $2070 to $1762. Investors bought into the idea of gold being a proven inflation hedge, with customer prices rising worldwide.

With growing interest rates and waning supply from the industry, price pressure for gold weakened.

The current price levels set gold in an intriguing spot, as XAUUSD may skyrocket or plummet at any time. Don’t miss out on gold!

Trade XAUUSD
https://app.simplefx.com/instruments/XAUUSD/chart
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Tilray Goes to the Moon!

The global cannabis products manufacturer is up 10% today (despite NDX100 in the red) and has gone from $2.88 to $3.39 per share in just 7 days.

The company’s price is determined by marijuana regulations around the world as well as the adoption of their cannabis products. Tilray is also very aggressive with acquisitions, trying to buy smaller competitors. Make sure you do your news research before choosing your strategy.

This is one of the hottest stocks right now, a growth company with massive daily price swings depending on the news. Make sure you don’t miss out.

Trade Tilray Now
https://app.simplefx.com/instruments/TLRY.US/chart
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BMW, VW Jump 4%

The German stock market rebounded on Thursday, with DAX40 going up 0.9%. The biggest automakers are leading the pack with massive gains. Volkswagen is trading at over €125 per share and BMW at €74 per share.

If you consider the stock market trend is reversing and are looking for value stocks at a discount price, this week might be the last call to buy in.

Trade BMW
https://app.simplefx.com/instruments/BMW.DE/chart
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SPCE Rockets 9.25%

Bullish sentiment returned to the equity and commodity markets. Growth stocks are rallying with Virgin Galactic Holdings up 9.25% today and 14.4% this week.

The space travel company announced on Wednesday that it is partnering with a Boeing subsidiary to build a twin-fuselage aircraft that will be used in space tourism.

Virgin Galactic hit $7.06 per share and is a great target for margin traders.

Trade Virgin Galactic
https://app.simplefx.com/instruments/SPCE.US/chart
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HUF Erases Gains, Falls into Abyss

USDHUF is up 1.7% on Friday, erasing forints gains caused by the unexpected rise of the one-week deposit rate to 9.75% from 7.75% yesterday.

Inflation in Hungary exceeded 10% for the first time in two decades. The Magyar Nemzeti Bank intervened after USDHUF hit 409 on Wednesday. The dollar has appreciated against the forint by 45% in the last 12 months.

The forint, among other Central European currencies, has been heavily affected by the Russian-NATO cold war. However, it seems the Hungarian money is doing poorly, making it an excellent target for margin traders.

You can trade USDHUF with an up to 1:500 leverage.

Trade USDHUF
https://app.simplefx.com/instruments/USDHUF/chart
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EURUSD -0.9%, Less than 1 Cent from Parity!

Euro has fallen to a 20-year low against the dollar. The 1:1 parity is just 0.8 cents away as EURUSD dropped another 0.9% today and is trading below $1.008.

Euro was launched in 1999 and replaced old European currencies in January 2002. During that time, EURUSD was below 1, and the euro took over the lead at the end of 2002 and hasn’t given up since then.

Breaking the euro’s nominal dominance may result in unprecedented price swings on forex markets. Investors run away from any assets other than the US dollar at the moment.

Trade EURUSD
https://app.simplefx.com/instruments/EURUSD/chart