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.
Snap Soars 7% on Thursday
Social media company price has risen 14% since Wednesday's opening, trading above $12.2 per share on SimpleFX today. Snap may be heavily underpriced as the company's valuation has dropped more than 85% since the all-time highs a year ago.
Snap's CEO Evan Spiegel reacted to the falling stock prices with a rigid restructuring plan, which included severe layoffs. In a memo to the employers, he wrote that Snapchat aims at 30% user growth by the end of 2023 and an increase in turnover to $6 billion. The app recently introduced paid subscription and expects this revenue stream to bring an additional $350 million in the next year.
Today Snap is one of the hottest stocks in the US.
Trade Snap
https://app.simplefx.com/instruments/SNAP.US/chart
Social media company price has risen 14% since Wednesday's opening, trading above $12.2 per share on SimpleFX today. Snap may be heavily underpriced as the company's valuation has dropped more than 85% since the all-time highs a year ago.
Snap's CEO Evan Spiegel reacted to the falling stock prices with a rigid restructuring plan, which included severe layoffs. In a memo to the employers, he wrote that Snapchat aims at 30% user growth by the end of 2023 and an increase in turnover to $6 billion. The app recently introduced paid subscription and expects this revenue stream to bring an additional $350 million in the next year.
Today Snap is one of the hottest stocks in the US.
Trade Snap
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.
Bitcoin Soars 7.1%
Crypto markets finally rebounded o Friday. BTCUSD bounced from $18,440 to $20,842 in the last three days. Altcoins follow, with APEUSD gaining 16% today.
Bitcoin was dire as risk aversion sucked investments from the cryptocurrency market. However, true believers can pat themselves on the back as the bullish run finally comes with force.
One of the reasons for the run may be South Korea, Thailand, and Singapore are looking for the legalization of cryptocurrencies. This may be a challenge, but it also creates an opportunity for crypto.
The weaker dollar might be a more vital factor, though. The US dollar dipped against the euro as investors expected rates hikes from ECB.
Retraction or change of trend?
Trade BTCUSD
https://app.simplefx.com/instruments/BTCUSD/chart
Crypto markets finally rebounded o Friday. BTCUSD bounced from $18,440 to $20,842 in the last three days. Altcoins follow, with APEUSD gaining 16% today.
Bitcoin was dire as risk aversion sucked investments from the cryptocurrency market. However, true believers can pat themselves on the back as the bullish run finally comes with force.
One of the reasons for the run may be South Korea, Thailand, and Singapore are looking for the legalization of cryptocurrencies. This may be a challenge, but it also creates an opportunity for crypto.
The weaker dollar might be a more vital factor, though. The US dollar dipped against the euro as investors expected rates hikes from ECB.
Retraction or change of trend?
Trade BTCUSD
https://app.simplefx.com/instruments/BTCUSD/chart
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Riot Makes a Huge Leap Over $8
Riot Blockchain gained more than 27% in the last two days. The reason is apparent - a bullish run on bitcoin. BTCUSD is up 8.25%, but yesterday it was not so clear. Riot gained over 14% on Thursday while the bitcoin price was stagnant.
Investors who proactively entered long positions in the bitcoin mining company can cash out big today... or wait longer. Currently, BTCUSD is attacking the very important $21k resistance, and if the US dollar continues to slide, the sky may be the limit for crypto!
Trade Riot
https://app.simplefx.com/instruments/RIOT.US/chart
Riot Blockchain gained more than 27% in the last two days. The reason is apparent - a bullish run on bitcoin. BTCUSD is up 8.25%, but yesterday it was not so clear. Riot gained over 14% on Thursday while the bitcoin price was stagnant.
Investors who proactively entered long positions in the bitcoin mining company can cash out big today... or wait longer. Currently, BTCUSD is attacking the very important $21k resistance, and if the US dollar continues to slide, the sky may be the limit for crypto!
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.
Volkswagen up 3.15%
The German automaker is having another solid start for the week. With DAX40 up 0.87%, Volkswagen is leading the pack, trading above 150 euros per share.
The stock has been up and down recently, but the price action is impressive. Volkswagen is one of the cheapest earnings per share stocks. It is the world's biggest car company. It plans to make 25% of its Porsche division public in October. If the operation goes well, expect Volkswagen to soar.
Trade VW
https://app.simplefx.com/instruments/VOW.DE/chart
The German automaker is having another solid start for the week. With DAX40 up 0.87%, Volkswagen is leading the pack, trading above 150 euros per share.
The stock has been up and down recently, but the price action is impressive. Volkswagen is one of the cheapest earnings per share stocks. It is the world's biggest car company. It plans to make 25% of its Porsche division public in October. If the operation goes well, expect Volkswagen to soar.
Trade VW
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.
Coinbase +4.1%, Extends Gains
The leading US exchange is riding the wave of the recent cryptocurrency rally. Last week you could buy Coinbasse stock at a discount for less than $62 per share. Today they are worth $84.3.
Coinbase is benefiting from bitcoin appreciation. BTCUSD went up from $18,440 to $22,356 in less than a week. The run is caused by the upcoming ethereum merge. ETHBTC uptrend, which started in July, was recently interrupted, as bitcoin has been outperforming ethereum since last Wednesday.
If the crypto rally continues beyond the merge (estimated to happen around Thursday), companies like Coinbase will benefit the most.
Trade Coinbase
https://app.simplefx.com/instruments/COIN.US/chart
The leading US exchange is riding the wave of the recent cryptocurrency rally. Last week you could buy Coinbasse stock at a discount for less than $62 per share. Today they are worth $84.3.
Coinbase is benefiting from bitcoin appreciation. BTCUSD went up from $18,440 to $22,356 in less than a week. The run is caused by the upcoming ethereum merge. ETHBTC uptrend, which started in July, was recently interrupted, as bitcoin has been outperforming ethereum since last Wednesday.
If the crypto rally continues beyond the merge (estimated to happen around Thursday), companies like Coinbase will benefit the most.
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.
Ocado -13.3% on Sales Slowdown
British supermarket has downgraded the outlook for 2022 sales as customers cut spending amidst recession fears. The stock went down from £785 on Monday to £690 right now.
Ocado announced British are buying less and going for cheaper products as the inflation in the UK topped 10% in July. Some economists expect inflation to slow as the new prime minister Liz Truss promised to introduce a cap on energy prices.
If the British economy picks up anytime soon, Ocado Group may be an excellent investment at this level. However, if pessimistic data keep coming, it may fall even lower.
Trade Ocado
https://app.simplefx.com/instruments/OCDO.UK/char
British supermarket has downgraded the outlook for 2022 sales as customers cut spending amidst recession fears. The stock went down from £785 on Monday to £690 right now.
Ocado announced British are buying less and going for cheaper products as the inflation in the UK topped 10% in July. Some economists expect inflation to slow as the new prime minister Liz Truss promised to introduce a cap on energy prices.
If the British economy picks up anytime soon, Ocado Group may be an excellent investment at this level. However, if pessimistic data keep coming, it may fall even lower.
Trade Ocado
https://app.simplefx.com/instruments/OCDO.UK/char
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.
Peloton Tanks -10%
The exercise equipment and media provider was a Nasdaq star, going up 29% from $8.55 to $11 in just four trading days. The run ended abruptly, with NDX100 dropping 3.2% on Tuesday after the Labor Department announced customer inflation for August was slightly higher than expectations.
This is clearly a panic sale on equity and crypto markets today, but investors have reasons as they expect further rate hikes by the Fed.
Peloton Interactive has gone through a restructuring process. The co-founder John Foley left the company after it posted quarterly losses of over $1.2 billion. Peloton is a troubled business with a lot of hype - a perfect target for daily traders.
Trade Peloton
https://app.simplefx.com/instruments/PTON.US/chart
The exercise equipment and media provider was a Nasdaq star, going up 29% from $8.55 to $11 in just four trading days. The run ended abruptly, with NDX100 dropping 3.2% on Tuesday after the Labor Department announced customer inflation for August was slightly higher than expectations.
This is clearly a panic sale on equity and crypto markets today, but investors have reasons as they expect further rate hikes by the Fed.
Peloton Interactive has gone through a restructuring process. The co-founder John Foley left the company after it posted quarterly losses of over $1.2 billion. Peloton is a troubled business with a lot of hype - a perfect target for daily traders.
Trade Peloton
https://app.simplefx.com/instruments/PTON.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.
Kardemir Plummets -10%
Wednesday is another bad day for the Turkish steel manufacturer. Kardemir Karabuk Demir is diving for the second day in a row and has lost 20% from yesterday's multi-month high of 16.41 lira per share.
European indexes are flat after yesterday's gloomy news about US inflation, but most Turkish companies are in the red. Kardemir has been heavily affected by the economic slowdown, and if the global economy falls into recession, the stock may drop even lower. However, if we can see a change of sentiment soon, watch out for this company!
Trade Kardemir
https://app.simplefx.com/instruments/KRDMD.TR/chart
Wednesday is another bad day for the Turkish steel manufacturer. Kardemir Karabuk Demir is diving for the second day in a row and has lost 20% from yesterday's multi-month high of 16.41 lira per share.
European indexes are flat after yesterday's gloomy news about US inflation, but most Turkish companies are in the red. Kardemir has been heavily affected by the economic slowdown, and if the global economy falls into recession, the stock may drop even lower. However, if we can see a change of sentiment soon, watch out for this company!
Trade Kardemir
https://app.simplefx.com/instruments/KRDMD.TR/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.
Silver +1.9%, Extends Strong Run
XAGAUD is up almost 11% in September, and SimpleFX investors who went long on silver against the Australian dollar may tap themselves on the back.
On September 1, silver prices hit a two-year low, and it wasn't evident that it may rebound. However, 25-26 AUD may have looked like solid support for traders who were bullish on silver. XAGAUD is outperforming XAUAUD in September, and investors looking for an inflation hedge in the long term may consider adding precious metals to their portfolio.
Margin traders who are bullish on silver may go for trading it against the Australian dollar to avoid the effect of strengthening US dollar.
Trade XAGAUD
https://app.simplefx.com/instruments/XAGAUD/chart
XAGAUD is up almost 11% in September, and SimpleFX investors who went long on silver against the Australian dollar may tap themselves on the back.
On September 1, silver prices hit a two-year low, and it wasn't evident that it may rebound. However, 25-26 AUD may have looked like solid support for traders who were bullish on silver. XAGAUD is outperforming XAUAUD in September, and investors looking for an inflation hedge in the long term may consider adding precious metals to their portfolio.
Margin traders who are bullish on silver may go for trading it against the Australian dollar to avoid the effect of strengthening US dollar.
Trade XAGAUD
https://app.simplefx.com/instruments/XAGAUD/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.
Rolls-Royce up 4%
The stock is up to £78.5 per share on Thursday, and we may witness another rally. Many investors have added British aerospace and defense to their portfolios after Rolls-Royce crashed 24% from mid-July to September 1. Since then, the price has gone up.
Rolls-Royce Holdings is an aerospace and defense company, and has nothing to do with luxury cars anymore (this brand is owned by Volkswagen).
Traders who seek the bottom for value companies could give RR a long look, especially after the 6.7% fall during the last two trading days.
Trade Rolls-Royce
https://app.simplefx.com/instruments/RR.UK/chart
The stock is up to £78.5 per share on Thursday, and we may witness another rally. Many investors have added British aerospace and defense to their portfolios after Rolls-Royce crashed 24% from mid-July to September 1. Since then, the price has gone up.
Rolls-Royce Holdings is an aerospace and defense company, and has nothing to do with luxury cars anymore (this brand is owned by Volkswagen).
Traders who seek the bottom for value companies could give RR a long look, especially after the 6.7% fall during the last two trading days.
Trade Rolls-Royce
https://app.simplefx.com/instruments/RR.UK/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.
Natural Gas Crashes -7.5%
The commodity plunged today after going up 8.6% on Thursday. Natural gas fell back to $8.44 per MMBtu basically erasing yesterday's gains.
Extreme volatility is money for margin traders. The gas prices will be a big unknown in the upcoming months. They will react to weather and political situation. We'll see if the European countries could secure enough natural gas to cope with winter despite sanctions on Russia - their leading commodity supplier.
Oil is also down today (UKOIL -3.3% and USOIL 3.4%). Recession fears and China's COVID lockdowns drive the prices down.
Time to buy or sell gas?
Trade Natural Gas
https://app.simplefx.com/instruments/NATURALGAS/chart
The commodity plunged today after going up 8.6% on Thursday. Natural gas fell back to $8.44 per MMBtu basically erasing yesterday's gains.
Extreme volatility is money for margin traders. The gas prices will be a big unknown in the upcoming months. They will react to weather and political situation. We'll see if the European countries could secure enough natural gas to cope with winter despite sanctions on Russia - their leading commodity supplier.
Oil is also down today (UKOIL -3.3% and USOIL 3.4%). Recession fears and China's COVID lockdowns drive the prices down.
Time to buy or sell gas?
Trade Natural Gas
https://app.simplefx.com/instruments/NATURALGAS/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.