Markets Dive on Record Inflation News
DJI30 (-1.6%), SPX500 (-1.55%), NDX100 (-1.52%) dropped sharply on the news of 41-year high CPI of 9.1%. Bitcoin hit $18,808 BTCUSD, going down 5% in less than 10 minutes after the release. Since then, the leading crypto recovered to $19,153. Gold crashed to $1706.
Natural gas is the most desired commodity on financial markets and has gained 6% today.
Fed is expected to have zero tolerance for inflation, and there is potential for a full 100 basis point interest rate hike after the Federal Reserve meeting at the end of July.
Optimists would seek an opportunity to buy low, while pessimists, who think it’s just the beginning, will hunt for the right moment to short equity and crypto.
Trade DJI30
https://app.simplefx.com/instruments/DJI30/chart
DJI30 (-1.6%), SPX500 (-1.55%), NDX100 (-1.52%) dropped sharply on the news of 41-year high CPI of 9.1%. Bitcoin hit $18,808 BTCUSD, going down 5% in less than 10 minutes after the release. Since then, the leading crypto recovered to $19,153. Gold crashed to $1706.
Natural gas is the most desired commodity on financial markets and has gained 6% today.
Fed is expected to have zero tolerance for inflation, and there is potential for a full 100 basis point interest rate hike after the Federal Reserve meeting at the end of July.
Optimists would seek an opportunity to buy low, while pessimists, who think it’s just the beginning, will hunt for the right moment to short equity and crypto.
Trade DJI30
https://app.simplefx.com/instruments/DJI30/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.
Centrica Gains 2.81% Against the Market
British multinational energy and services company benefits from the growing natural gas prices. Centrica is hunting for gas supplies and has had some success, as they stuck a deal with Equinor from Norway, securing more fuel before winter.
Over the last week, Centrica stocks have increased 18% from 73 GBP per share to over 86 GBP. If you are looking for equities that can beat the bear market, you should add Centrica to your watchlist. You can trade the company listed on the London Stock Exchange with up to 50x leverage.
Trade Centrica
https://app.simplefx.com/instruments/CNA.UK/chart
British multinational energy and services company benefits from the growing natural gas prices. Centrica is hunting for gas supplies and has had some success, as they stuck a deal with Equinor from Norway, securing more fuel before winter.
Over the last week, Centrica stocks have increased 18% from 73 GBP per share to over 86 GBP. If you are looking for equities that can beat the bear market, you should add Centrica to your watchlist. You can trade the company listed on the London Stock Exchange with up to 50x leverage.
Trade Centrica
https://app.simplefx.com/instruments/CNA.UK/chart
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SimpleFX WebTrader
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BTC Attacks $21k
Bitcoin has gone up 9.8% in the last three days. Traders who have entered long below $19k can cash out with big profits or hope for a breakthrough. Breaching the $21,000 resistance could pull cryptocurrency markets up.
Ethereum is back above $1,200, while Polkadot approaches $7.
Get ready for an exciting weekend in cryptocurrency markets. Do you buy or sell Bitcoin?
Trade BTCUSD
https://app.simplefx.com/instruments/BTCUSD/chart
Bitcoin has gone up 9.8% in the last three days. Traders who have entered long below $19k can cash out with big profits or hope for a breakthrough. Breaching the $21,000 resistance could pull cryptocurrency markets up.
Ethereum is back above $1,200, while Polkadot approaches $7.
Get ready for an exciting weekend in cryptocurrency markets. Do you buy or sell Bitcoin?
Trade BTCUSD
https://app.simplefx.com/instruments/BTCUSD/chart
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Citigroup Up 9.75%
The investment bank topped profit estimates and is a clear beneficiary of the rising interest rates. The shares soared on Friday morning, hitting $48.73 per share after closing at the lowest since November 2020 on Thursday.
Traders who opened long positions in anticipation of the results may congratulate themselves. Still, it’s not too late to benefit from the excitement.
Trade Citigroup
https://app.simplefx.com/instruments/C.US/chart
The investment bank topped profit estimates and is a clear beneficiary of the rising interest rates. The shares soared on Friday morning, hitting $48.73 per share after closing at the lowest since November 2020 on Thursday.
Traders who opened long positions in anticipation of the results may congratulate themselves. Still, it’s not too late to benefit from the excitement.
Trade Citigroup
https://app.simplefx.com/instruments/C.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.
Riot up 16.8%
BTCUSD has broken the $22k resistance, and ETHUSD is attacking $1,500!. As bullish sentiment returns to the markets, crypto-related stocks are thriving.
Coinbase is up 12.5%, trading above $60 per share again, MicroStrategy gained 11.2%, and Riot Blockchain rocketed by almost 17% and is now trading around $6.5 per share.
Many bulls were hunting for the bottom on stocks and crypto, SimpleFX traders who bought in around $4 per share are cashing in some big profits.
Trade Riot
https://app.simplefx.com/instruments/RIOT.US/chart
BTCUSD has broken the $22k resistance, and ETHUSD is attacking $1,500!. As bullish sentiment returns to the markets, crypto-related stocks are thriving.
Coinbase is up 12.5%, trading above $60 per share again, MicroStrategy gained 11.2%, and Riot Blockchain rocketed by almost 17% and is now trading around $6.5 per share.
Many bulls were hunting for the bottom on stocks and crypto, SimpleFX traders who bought in around $4 per share are cashing in some big profits.
Trade Riot
https://app.simplefx.com/instruments/RIOT.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.
ETHUSD Breaks $1,600
Ethereum has been the engine behind the bullish run on crypto. Over the last eight days, ETHUSD has gone up 57%, from $1,026 to $1,604 on Wednesday, outperforming BTCUSD, which bounced back from the $24k resistance.
Buyers hope the long-awaited Ethereum merge and implementation of a more efficient Proof-of-Stake consensus protocol will happen within two months. Whether they are right or not, traders who entered long in any major crypto over the last seven days have already made a profit.
Last call to go in long or time to short ETH? You can use any leverage up to 50x.
Trade ETHUSD now
https://app.simplefx.com/instruments/ETHUSD/chart
Ethereum has been the engine behind the bullish run on crypto. Over the last eight days, ETHUSD has gone up 57%, from $1,026 to $1,604 on Wednesday, outperforming BTCUSD, which bounced back from the $24k resistance.
Buyers hope the long-awaited Ethereum merge and implementation of a more efficient Proof-of-Stake consensus protocol will happen within two months. Whether they are right or not, traders who entered long in any major crypto over the last seven days have already made a profit.
Last call to go in long or time to short ETH? You can use any leverage up to 50x.
Trade ETHUSD now
https://app.simplefx.com/instruments/ETHUSD/chart
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Coinbase up 14%
Buying low crypto stocks has been a winning strategy during the recent bull market. Coinbase is up 14% on Wednesday and 34% this week, going from $56.63 to $75.26 per share.
It all depends on how long BTC, ETH, and other significant cryptocurrencies will continue to gain value. Coinbase, MicroStrategy, Riot Blockchain, and other crypto companies are highly volatile, making them high-risk, high-reward investments.
Trade Coinbase
https://app.simplefx.com/instruments/COIN.US/chart
Buying low crypto stocks has been a winning strategy during the recent bull market. Coinbase is up 14% on Wednesday and 34% this week, going from $56.63 to $75.26 per share.
It all depends on how long BTC, ETH, and other significant cryptocurrencies will continue to gain value. Coinbase, MicroStrategy, Riot Blockchain, and other crypto companies are highly volatile, making them high-risk, high-reward investments.
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.
Lufthansa Dives Below €6
Flight cancellations, missing bags, rising oil prices, and bleak perspectives are driving the price of the German carrier down. After a short rally at the beginning of the week, Lufthansa has dropped by 5.2% in the last two days and is trading at €5.9 per share.
DAX40 is drifting sideways today, and the carrier is underperforming. If you are looking for a troubled value company to buy low or short, add LHA.DE to your watchlist.
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https://app.simplefx.com/instruments/LHA.DE/chart
Flight cancellations, missing bags, rising oil prices, and bleak perspectives are driving the price of the German carrier down. After a short rally at the beginning of the week, Lufthansa has dropped by 5.2% in the last two days and is trading at €5.9 per share.
DAX40 is drifting sideways today, and the carrier is underperforming. If you are looking for a troubled value company to buy low or short, add LHA.DE to your watchlist.
Trade Lufthansa Now
https://app.simplefx.com/instruments/LHA.DE/chart
Simplefx
SimpleFX WebTrader
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Snap -35% on Ad Slump
Social media platform shares crashed today from $16.33 to $10.55. Advertisers cut marketing spending expecting an economic downturn. The trend also hit Alphabet (Google) and Meta (Facebook), but Snapchat plummeted like no other platform.
Snap Inc. reported a $1.11 billion revenue in Q2, which was below expectations. On the bright side, daily active users grew to 347 million by June.
SFX traders who shorted the stock today have cut big checks. Snapchat's owner is an intriguing target.
Trade SNAP.US
https://app.simplefx.com/instruments/SNAP.US/chart
Social media platform shares crashed today from $16.33 to $10.55. Advertisers cut marketing spending expecting an economic downturn. The trend also hit Alphabet (Google) and Meta (Facebook), but Snapchat plummeted like no other platform.
Snap Inc. reported a $1.11 billion revenue in Q2, which was below expectations. On the bright side, daily active users grew to 347 million by June.
SFX traders who shorted the stock today have cut big checks. Snapchat's owner is an intriguing target.
Trade SNAP.US
https://app.simplefx.com/instruments/SNAP.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.
VW Dives -4.27% After Sacking CEO
Volkswagen stock has lost 9.6% in the last four days trading at €129 per share. On Friday, VW fired its CEO Herbert Diess. The main reasons are ongoing issues with carmakers' software and conflict with the Porsche and Piech families.
The new boss of the second-largest carmaker is yet to be nominated. If you believe in VW in the long run, now may be a good time to buy low. If you think the troubles of German manufacturing have just begun, VW is an excellent company to trade with.
Trade VW now
https://app.simplefx.com/instruments/VOW.DE/chart
Volkswagen stock has lost 9.6% in the last four days trading at €129 per share. On Friday, VW fired its CEO Herbert Diess. The main reasons are ongoing issues with carmakers' software and conflict with the Porsche and Piech families.
The new boss of the second-largest carmaker is yet to be nominated. If you believe in VW in the long run, now may be a good time to buy low. If you think the troubles of German manufacturing have just begun, VW is an excellent company to trade with.
Trade VW now
https://app.simplefx.com/instruments/VOW.DE/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.
Ethereum Classic Gains 7%
The crypto market is flat today, but ETCUSD jumped by 6.64% from $32 to $34.5. The conservative version of Ethereum is among the tokens poised to build value on the upcoming Merge of ETH.
Ethereum Classic will remain the only blockchain version that sticks to the proof-of-work consensus protocol and should be a go-to option for many miners. PoW still has many fans who consider it the only solution to keep crypto fully decentralized. ETC is a top 20 cryptocurrency by market cap.
Trade ETCUSD
https://app.simplefx.com/instruments/ETCUSD/chart
The crypto market is flat today, but ETCUSD jumped by 6.64% from $32 to $34.5. The conservative version of Ethereum is among the tokens poised to build value on the upcoming Merge of ETH.
Ethereum Classic will remain the only blockchain version that sticks to the proof-of-work consensus protocol and should be a go-to option for many miners. PoW still has many fans who consider it the only solution to keep crypto fully decentralized. ETC is a top 20 cryptocurrency by market cap.
Trade ETCUSD
https://app.simplefx.com/instruments/ETCUSD/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.