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
Simplefx
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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.
Trade Lufthansa Now
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
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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.
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.
Delivery Hero Soars 8.54%
The German food delivery company's price jumped from 40 to 44.5 euro on Tuesday morning. Delivery Hero announced they expect a 7% increase in their Q3 gross merchandise value (GMV). They should sell a total of 10.6 billion euros of their services.
The company also owns a majority of their European competitor - Glovo from Barcelona. As a group they expect a 11.5 billion euros GMV.
Yesterday Bloomberg quoted an anonymous analyst who said that Delivery Hero may replace their rival HelloFresh in the DAX index. This could boost investor's confidence even more.
Trade Delivery Hero
https://app.simplefx.com/instruments/DHER.DE/chart
The German food delivery company's price jumped from 40 to 44.5 euro on Tuesday morning. Delivery Hero announced they expect a 7% increase in their Q3 gross merchandise value (GMV). They should sell a total of 10.6 billion euros of their services.
The company also owns a majority of their European competitor - Glovo from Barcelona. As a group they expect a 11.5 billion euros GMV.
Yesterday Bloomberg quoted an anonymous analyst who said that Delivery Hero may replace their rival HelloFresh in the DAX index. This could boost investor's confidence even more.
Trade Delivery Hero
https://app.simplefx.com/instruments/DHER.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.
Netflix -4.76%
The subscription streaming platform is losing value for the second day in a row. The price dropped from $233.7 to $215.4 per share and is at the lowest level since late July.
Netflix has been hit by growing competition but has plans to increase revenue. The platform is to introduce cheaper ad-supported plans for the customers for from $7 to $9 per month.
Is it time to buy undervalued Netflix? Act now.
Trade Netflix
https://app.simplefx.com/instruments/NFLX.US/chart
The subscription streaming platform is losing value for the second day in a row. The price dropped from $233.7 to $215.4 per share and is at the lowest level since late July.
Netflix has been hit by growing competition but has plans to increase revenue. The platform is to introduce cheaper ad-supported plans for the customers for from $7 to $9 per month.
Is it time to buy undervalued Netflix? Act now.
Trade Netflix
https://app.simplefx.com/instruments/NFLX.US/chart
Simplefx
SimpleFX: WebTrader
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Kardemir Dives -4.11%
Turkish steel manufacturer is a great money vehicle for margin traders. Kardemir stock has been highly volatile this week. It went up from 11.7 to 14 (over 20%) in the first two days, plummeting on Wednesday.
Companies like Kardemir will gain value when good macroeconomic data are released and lose it when the fear of recession grows. Kardemir operates its main coal-powered plant near the Black Sea, making it even more volatile.
Trade Kardemir
https://app.simplefx.com/instruments/KRDMD.TR/chart
Turkish steel manufacturer is a great money vehicle for margin traders. Kardemir stock has been highly volatile this week. It went up from 11.7 to 14 (over 20%) in the first two days, plummeting on Wednesday.
Companies like Kardemir will gain value when good macroeconomic data are released and lose it when the fear of recession grows. Kardemir operates its main coal-powered plant near the Black Sea, making it even more volatile.
Trade Kardemir
https://app.simplefx.com/instruments/KRDMD.TR/chart
Simplefx
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Trade global assets from any device, anywhere. Apple, Tesla, Nvidia, and more stocks. Trade Forex. Buy and sell bitcoin, gold, oil, and other commodities.
Twitter Jumps 4.1%
Tech companies have had a great start to Wednesday's session in New York. Twitter is off to the best-performing stocks in the morning, as the price went up from $38.7 to over $40 per share. The company's value is returning to what it was worth before Elon Musk bid to buy it and make it private.
Twitter is a good choice if you are looking for a big tech company that will be very susceptible to news and rumors. If the global sentiment turns optimistic, the price should go up.
Trade Twitter
https://app.simplefx.com/instruments/TWTR.US/chart
Tech companies have had a great start to Wednesday's session in New York. Twitter is off to the best-performing stocks in the morning, as the price went up from $38.7 to over $40 per share. The company's value is returning to what it was worth before Elon Musk bid to buy it and make it private.
Twitter is a good choice if you are looking for a big tech company that will be very susceptible to news and rumors. If the global sentiment turns optimistic, the price should go up.
Trade Twitter
https://app.simplefx.com/instruments/TWTR.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.
Deutsche Bank Gains 2%
DB has gone up from 8.17 to 8.40 euros per share. The market has been bearish on the leading German international bank in 2022, but since mid-August, some bullish signs may appear, as the price is drifting sideways.
Since February, Deutsche Bank has gone down 42% in an overall downtrend in the equity market. The company is going through a deep restructuring and cost-cutting process started by CEO John Cryan. The bank's earnings suffered from low interest rates, which may change as ECB raises them.
Trade Deutsche Bank
https://app.simplefx.com/instruments/DBK.DE/chart
DB has gone up from 8.17 to 8.40 euros per share. The market has been bearish on the leading German international bank in 2022, but since mid-August, some bullish signs may appear, as the price is drifting sideways.
Since February, Deutsche Bank has gone down 42% in an overall downtrend in the equity market. The company is going through a deep restructuring and cost-cutting process started by CEO John Cryan. The bank's earnings suffered from low interest rates, which may change as ECB raises them.
Trade Deutsche Bank
https://app.simplefx.com/instruments/DBK.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.