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

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

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

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

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

DAX40 -1.55% as German Stocks Slide

It has been a horrible week for European equities, and Frankfurt Stock Exchange is leading the pack. DAX40 has been -5.4% since Tuesday. The German economy slumps, with high inflation accompanying poor sentiment among businesses and customers. The economy ministry report warned on Tuesday that the German GPD could contract in the second half of 2022.

There is a chance these concerns have already been priced in DAX40, but it's hard to estimate where the bottom could be. One thing is sure if the recovery of the European financial markets happens, German value stocks are the assets to target.

Trade DAX40
https://app.simplefx.com/instruments/DAX40/chart

Lucid Up 5.6% Against the Market

Electric vehicles startup Lucid Group has gone up 5.6% on Friday, despite nearly all the equities going heavily down. The company is up 21% over the last eight trading days.

In August, Lucid reported it would have to cut the second half of 2022 production forecasts. As a result, the company has been heavily oversold. When it released new predictions saying it might beat the goals of manufacturing up to 7,000 electric cars, the investors started to buy.

Electric vehicles are the future, and Lucid Group is one of the essential players.

Trade Lucid
https://app.simplefx.com/instruments/LCID.US/chart

Ethereum Falls Below $1,300

ETHUSD continues to fall after the Merge. The second-largest cryptocurrency has lost over 20% of its value since Wednesday, and 27% since the local top on September 11.

Corporations are said to hold on to their favorite cryptocurrency, but essential support has been lost. Last Thursday, the US Securities and Exchange Commission Chair Gary Gensler said proof-of-stake cryptocurrencies might be treated as securities.

Bitcoin is losing as well and fell below $19k. However, it's outperforming Ethereum strongly in the last few days, as ETHBTC has just tested the 0.07 support.

Trade ETHUSD
https://app.simplefx.com/instruments/ETHBTC/chart

Coinbase -6.2%

The downtrend in the cryptocurrency market has hurt crypto-related stocks. Coinbase is losing value for the third trading day in a row. The stock fell below $70 per share, but still has a lot of room before the support from spring and summer at $40 is approached.

After a tough weekend, Bitcoin (-1.56%) and Ether, which fell below $1,300 today, the cryptocurrency exchange was in the red premarket. Crypto enthusiasts hunting for the bottom should observe Coinbase, especially before the Fed's meeting on the interest rates on Wednesday.

Trade Coinbase

https://app.simplefx.com/instruments/COIN.US/chart

Nordea Rebounds +2.64%

The Helsinki-based financial group hit 102.59 SEK today on the Stockholm stock exchange. Investors saw a buy-in opportunity after yesterday's dip, which went as low as 96.45 SEK.
Nordea's stock on OMX has been volatile since March, but there's no clear trend, and unlike other banks, Nordea kept its value afloat.

On 18 July 2022, Nordea announced a share buy-back program of up to a maximum of EUR 1.5 bn. The operation was canceled today before the market opened.

Trade Nordea
https://app.simplefx.com/instruments/NDASEK.SE/chart

Uber's on Fire! Beats the Market Again

Urban transportation as a service company is up 3% today and plus 17% in September, trading at $32.35 per share on SimpleFX. That's a great result, considering S&P 500 is -1.7 on Tuesday and over -2% in the month.

Uber had a disappointing Monday, but is back on track today. The rally was not disturbed by a hack attack last week.

Uber Technologies is also up 40% since the beginning of August. There's still room for going up, so if you believe equities have reached the bottom, it's a decent company to consider. Add Uber to your watch list if you want to short a US stock before the Fed's meeting tomorrow.

Trade Uber
https://app.simplefx.com/instruments/UBER.US/chart

Thales Up 5.1%, Hits €120

The French aerospace and defense company is up on the news of mobilization in Russia. Vladimir Putin called up 300,000 reservists to fight in Ukraine. The Euronext Paris is moderately up on Wednesday, with CAC40 up 0.4%.

Since the war in Ukraine started, the defense companies' stocks have risen. The price of Thales went up from 82 euros per share in February to 118 euros per share right now.

With Russia mobilizing reservists, it seems inevitable that the West will have to respond with more significant involvement in the conflict. This means more arms contracts for the defense sector.

Trade Thales
https://app.simplefx.com/instruments/HO.FR/chart

Riot up 4.8% Ahead of Fed's Meeting

Bitcoin is making a mini-rally ahead of the crucial Fed meeting at 18:00 UTC. The crypto exchange Coinbase (+5%) and bitcoin mining company Riot Blockchain (4.8%) are trending on Wednesday, with BTCUSD trading above $19k again.

Forex, stocks, and crypto will be affected by the decision of the Federal Reserve. Analysts expect a third 0.75 hike in a row. An entire basis point hike could cause a shock as it would have been unprecedented for 40 years.

Trade Riot
https://app.simplefx.com/instruments/RIOT.US/chart

Bitcoin up 4.5% After the Rates Hike

As expected, the Fed raised interest rates by 0.75 basis points yesterday. The markets went on a roller coaster. BTCUSD appreciated 3% to $19,800 just before the meeting and crashed over 7% to $18,248 a few hours after the Fed's conference.

Today markets are recovering. BTC has gone past the $19,000 resistance and is trading close to $19,200.

Equity markets are also doing well, with major indexes going up: DAX40 +1.43% and NDX100 +1.74%.

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

Vale SA up +2.8%

Brazilian metals and mining company opened up 2.6% today, and quickly soared to up 3.2% compared to yesterday's closing on the Bovespa stock exchange in São Paulo.

The rising price results from the bullish sentiment on the iron market, driven by the growing demand for high-quality ore in China. Vale is the world's largest producer of both iron and nickel. The stock price in the mid-term should be tied to the global economic sentiment and the COVID-19 lockdown situation in China.

Vale has dropped by 1% since today's top just after the opening. The Bovespa volatility is very high, but Vale SA has been up over 10% in September.

Trade Vale
https://app.simplefx.com/instruments/VALE.BR/chart

Airbus Flies +3%

The aerospace company opened at €90.98 in Euronext Paris today and soared to €93.95 per share. Investors believing in quick recovery could buy Airbus stocks at a huge discount this week. The price dropped by 18% since the local top in mid-August.

Today's rally might be triggered by one of the Chinese carriers, Xiamen Airlines, switching from Boeing planes to Airbus A320neos.

Airbus has enormous potential in the long term. It builds and sells both civil and military products. With defensive spending growth in Europe and hope for flight market recovery, these kind of companies is a must-watch.

Trade Airbus
https://app.simplefx.com/instruments/AIR.FR/chart

USOIL Dives Below $80

WTI Crude Oil is plummeting on Friday. The price has gone down over 6% to $79, below the $80 per barrel support for the first time since January.

The main reason? The demand is concerned as the markets fear recession in the biggest global economies. Central banks continue aggressive interest rate hikes in an effort to fight inflation. Unfortunately, higher borrowing costs can stifle growth.

If you are trading oil on SimpleFX, make sure you follow the news about the possible reaction from OPEC which could reduce the output, to bump up the prices.

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

Gas Continues to Slide -3.1%

Natural Gas prices have declined despite the sanctions on Russia and the upcoming winter in the Northern hemisphere. Since August 23, the spot prices have fallen by 32%, from $10 per MMBtu to $6.69 per MMBtu.

This may be a classic example of glut after shortage. The US natural gas production has set a new record; the European countries have found alternative suppliers to Russia, while India and China are buying Russian commodities at discounted prices.

Still, possible cold weather and energy shortages in Europe may cause prices to spike this year.

Trade Natural Gas

https://app.simplefx.com/instruments/NATURALGAS/chart