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
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
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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
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
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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 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
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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
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
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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
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
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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
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
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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
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
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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
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
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GBPCHF Hits Historic Low, Then Rebounds 6%
The British pound has made an impressive run! After collapsing a massive 3.5% around midnight, GBPCHF has gone up 6.1% in 12 hours, from 1.016 to 1.079.
Pound sterling hit historic lows against many major currencies, including the USD and CHF. The British currency marked a historic low not since 1974. It all happened last night, and traders found themselves at a crossroads, not knowing whether the collapse would continue (with no historic technical support) or a rebound.
So far, the traders who went long within the last 12 hours may pat themselves on the back. GBP is back afloat, for now. At the moment, the Bank of England is preparing a decisive intervention, which may push the pound higher.
Trade GBPCHF
https://app.simplefx.com/instruments/GBPCHF/chart
The British pound has made an impressive run! After collapsing a massive 3.5% around midnight, GBPCHF has gone up 6.1% in 12 hours, from 1.016 to 1.079.
Pound sterling hit historic lows against many major currencies, including the USD and CHF. The British currency marked a historic low not since 1974. It all happened last night, and traders found themselves at a crossroads, not knowing whether the collapse would continue (with no historic technical support) or a rebound.
So far, the traders who went long within the last 12 hours may pat themselves on the back. GBP is back afloat, for now. At the moment, the Bank of England is preparing a decisive intervention, which may push the pound higher.
Trade GBPCHF
https://app.simplefx.com/instruments/GBPCHF/chart
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Infineon Up 2.92% Yet Again
The German semiconductor manufacturer is on a strong bullish run, and has appreciated 4.3% already this week. The stock went up from €20.05 on Friday to €24.03 on Tuesday.
The company has strong fundamentals with a sound EBITDA to sales ratio. Additionally it's operating on a lucrative chip manufacturing market. However, it has to work on their energy supply chains, as the whole German economy is struggling since the Russian invasion of Ukraine and sanctions on the energy commodities.
Infineon Technologies is down 46% since the all-time-high in November 2021, and if you think it's time to hunt for equity opportunities, you should definitely give it a long look.
Trade Infineon
https://app.simplefx.com/instruments/IFX.DE/chart
The German semiconductor manufacturer is on a strong bullish run, and has appreciated 4.3% already this week. The stock went up from €20.05 on Friday to €24.03 on Tuesday.
The company has strong fundamentals with a sound EBITDA to sales ratio. Additionally it's operating on a lucrative chip manufacturing market. However, it has to work on their energy supply chains, as the whole German economy is struggling since the Russian invasion of Ukraine and sanctions on the energy commodities.
Infineon Technologies is down 46% since the all-time-high in November 2021, and if you think it's time to hunt for equity opportunities, you should definitely give it a long look.
Trade Infineon
https://app.simplefx.com/instruments/IFX.DE/chart
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Dow Jones Industrial -1.4%
The US stock exchange is in the red for the fourth consecutive day. DJI30 has lost 1.4% today and decreased 15% since August 17. SPX500 is -1.26%, NDX100 -1.14%, and Russell 2000 -0.9%.
European stock indexes are also in the red, with DAX40 leading the pack at -1.45%.
The recession fear is spreading around investors. McDonald's and Coca-Cola are one of the leading stocks dragging DJI30 down.
Margin traders should not worry, as the panic creates new trading opportunities on Equities and Indexes every day.
Trade DJI30
https://app.simplefx.com/instruments/DJI30/chart
The US stock exchange is in the red for the fourth consecutive day. DJI30 has lost 1.4% today and decreased 15% since August 17. SPX500 is -1.26%, NDX100 -1.14%, and Russell 2000 -0.9%.
European stock indexes are also in the red, with DAX40 leading the pack at -1.45%.
The recession fear is spreading around investors. McDonald's and Coca-Cola are one of the leading stocks dragging DJI30 down.
Margin traders should not worry, as the panic creates new trading opportunities on Equities and Indexes every day.
Trade DJI30
https://app.simplefx.com/instruments/DJI30/chart
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EasyJet Plunges -7.1%
The low-cost airline stocks are crashing, as London's FTSE100 index loses 1.6% on Wednesday. EasyJet has gone down over 20% in the last seven trading days and is trading around £280 on SimpleFX. The company used to trade above £1500 per share less than two years ago.
Despite its crashing price, the company doesn't seem dead yet and has ambitious plans for carbon neutrality. EasyJet wants to stop offsetting CO2 emissions from December, save fuel, and cut noise with new A320 planes.
At more than 10-year lows, many investors consider EasyJet strongly underpriced. The global low-cost airline market is expected to grow to $440.5bn by 2030. (more than 10% annually). But have the UK equities hit bottom yet?
Trade EasyJet
https://app.simplefx.com/instruments/EZJ.UK/chart
The low-cost airline stocks are crashing, as London's FTSE100 index loses 1.6% on Wednesday. EasyJet has gone down over 20% in the last seven trading days and is trading around £280 on SimpleFX. The company used to trade above £1500 per share less than two years ago.
Despite its crashing price, the company doesn't seem dead yet and has ambitious plans for carbon neutrality. EasyJet wants to stop offsetting CO2 emissions from December, save fuel, and cut noise with new A320 planes.
At more than 10-year lows, many investors consider EasyJet strongly underpriced. The global low-cost airline market is expected to grow to $440.5bn by 2030. (more than 10% annually). But have the UK equities hit bottom yet?
Trade EasyJet
https://app.simplefx.com/instruments/EZJ.UK/chart
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Russell 2000 Up 3% as Risk Returns
Investors' appetite for risk comes back after the Bank of England says it will buy UK debt. Traders who bought bottom today's morning UTC can pat themselves on the back. DJI30 is up 1.9%, SPX500's up 1.86%, and NDX100 rebounded 1.64% after several days of decline.
Russell 2000, a small-cap US stocks index, proved to be the right pick today. It's up 3.1% and is trading at 1716 on SimpleFX.
Small companies are the right target for traders seeking high volatility.
Trade Russell 2000
https://app.simplefx.com/instruments/RUSSELL2000/chart
Investors' appetite for risk comes back after the Bank of England says it will buy UK debt. Traders who bought bottom today's morning UTC can pat themselves on the back. DJI30 is up 1.9%, SPX500's up 1.86%, and NDX100 rebounded 1.64% after several days of decline.
Russell 2000, a small-cap US stocks index, proved to be the right pick today. It's up 3.1% and is trading at 1716 on SimpleFX.
Small companies are the right target for traders seeking high volatility.
Trade Russell 2000
https://app.simplefx.com/instruments/RUSSELL2000/chart
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Deutsche Bank -3.2% as Sell-Off Continues
The German leading financial company is losing value quickly. Deutsche Bank's stocks are -3.2% today and dropped 18% in the last seven trading days from €9.29 to €7.59 per share. The €7.50 support is what prevents the stock from falling further.
Is Deutsche Bank already undervalued? The falling prices are caused by increasingly high-interest rates and recession risk in the Eurozone. German 10-year bonds are trading above 2.2%, and the ECB benchmark interest rates are expected to exceed 2% this year.
Trade Deutsche Bank
https://app.simplefx.com/instruments/DBK.DE/chart
The German leading financial company is losing value quickly. Deutsche Bank's stocks are -3.2% today and dropped 18% in the last seven trading days from €9.29 to €7.59 per share. The €7.50 support is what prevents the stock from falling further.
Is Deutsche Bank already undervalued? The falling prices are caused by increasingly high-interest rates and recession risk in the Eurozone. German 10-year bonds are trading above 2.2%, and the ECB benchmark interest rates are expected to exceed 2% this year.
Trade Deutsche Bank
https://app.simplefx.com/instruments/DBK.DE/chart
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Peloton Crashes -12.2%
The exercise and media company has been traders' favorite recently. Peloton Interactive has announced its first brick-and-mortar deal, as the company will sell the equipment in American Dick's Sporting Goods stores.
Despite the news, the stock crashed along with the market. NDX100 is -2.6% today, and smaller companies like Peloton are losing the most.
Peloton dropped to $7.17 per share in the first hour of trading, and it seems it may go lower anytime soon. At what stage will the company be underpriced, though?
Trade Peloton
https://app.simplefx.com/instruments/PTON.US/chart
The exercise and media company has been traders' favorite recently. Peloton Interactive has announced its first brick-and-mortar deal, as the company will sell the equipment in American Dick's Sporting Goods stores.
Despite the news, the stock crashed along with the market. NDX100 is -2.6% today, and smaller companies like Peloton are losing the most.
Peloton dropped to $7.17 per share in the first hour of trading, and it seems it may go lower anytime soon. At what stage will the company be underpriced, though?
Trade Peloton
https://app.simplefx.com/instruments/PTON.US/chart
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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.
Lufthansa Up 3.1%
The German carrier's stocks are having a great week. Lufthansa jumped 3.1% on Friday and hit €5.99 per share. If the €6 resistance is broken today, we may expect the stock to soar even higher.
Lufthansa hit a multi-week low on Wednesday at €5.44 but skyrocketed after that, going up 10%.
A few weeks ago, Lufthansa managed to pay its debt, and the German government got rid of its shares. Now, the privately owned carrier is planning a restart, with Klaus-Michael Kuehne's wealthiest man in Germany as an investor. This week the company finished mowing its data center to the cloud.
Trade Lufthansa
https://app.simplefx.com/instruments/LHA.DE/chart
The German carrier's stocks are having a great week. Lufthansa jumped 3.1% on Friday and hit €5.99 per share. If the €6 resistance is broken today, we may expect the stock to soar even higher.
Lufthansa hit a multi-week low on Wednesday at €5.44 but skyrocketed after that, going up 10%.
A few weeks ago, Lufthansa managed to pay its debt, and the German government got rid of its shares. Now, the privately owned carrier is planning a restart, with Klaus-Michael Kuehne's wealthiest man in Germany as an investor. This week the company finished mowing its data center to the cloud.
Trade Lufthansa
https://app.simplefx.com/instruments/LHA.DE/chart
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Nike Opens at -12% on Strong Dollar
The footwear company warned that the strong dollar is hitting its annual revenue. In a quarterly earnings report, Nike warned that it may lose $4 billion in 2022 revenues because of USD appreciation.
The stock fell 9% in after-hours trading and opened -12.64 on Friday at $83 after closing at $95 on Thursday.
Nike has a problem with growing inventory (up 40% year-to-year) and was hit after leaving the Russian market for good.
In the report presented yesterday, Nike announced that the net income for the three months of summer was down $1.5 billion.
After a dismal opening, the stock is already up 1.8% today. What's your move?
Trade Nike
https://app.simplefx.com/instruments/NKE.US/chart
The footwear company warned that the strong dollar is hitting its annual revenue. In a quarterly earnings report, Nike warned that it may lose $4 billion in 2022 revenues because of USD appreciation.
The stock fell 9% in after-hours trading and opened -12.64 on Friday at $83 after closing at $95 on Thursday.
Nike has a problem with growing inventory (up 40% year-to-year) and was hit after leaving the Russian market for good.
In the report presented yesterday, Nike announced that the net income for the three months of summer was down $1.5 billion.
After a dismal opening, the stock is already up 1.8% today. What's your move?
Trade Nike
https://app.simplefx.com/instruments/NKE.US/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.
Delivery Hero -6.74%
DAX40 is side drifting, but growth stocks like Delivery Hero suffer during the first October trading day. The online food-delivery company's stock dropped from €38.27 on Friday's closing to €35.60.
Delivery Hero is on an ugly streak and has lost almost 30% of its value since September 12.
The company may be already underpriced, as it's still one of the global leaders in a promising segment. A few weeks ago, JPMorgan named Delivery Hero a top European Internet stock.
Trade Delivery Hero
https://app.simplefx.com/instruments/DHER.DE/chart
DAX40 is side drifting, but growth stocks like Delivery Hero suffer during the first October trading day. The online food-delivery company's stock dropped from €38.27 on Friday's closing to €35.60.
Delivery Hero is on an ugly streak and has lost almost 30% of its value since September 12.
The company may be already underpriced, as it's still one of the global leaders in a promising segment. A few weeks ago, JPMorgan named Delivery Hero a top European Internet stock.
Trade Delivery Hero
https://app.simplefx.com/instruments/DHER.DE/chart
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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.
Silver Soars 5.5%
XAGUSD soared on Monday over the $20 resistance as investors are looking for alternative safe-haves. Silver is outperforming gold (up 0.4%) in a nervous market. XAGUSD gained almost 10% over the last five trading days.
Central banks are tightening liquidity globally, as the main focus is fighting inflation. A credit crunch is getting more likely, and rumors about several big investment banks being in trouble have started circulating.
September was profitable for gold and silver bears, but things may change soon.
Trade XAGUSD
https://app.simplefx.com/instruments/XAGUSD/chart
XAGUSD soared on Monday over the $20 resistance as investors are looking for alternative safe-haves. Silver is outperforming gold (up 0.4%) in a nervous market. XAGUSD gained almost 10% over the last five trading days.
Central banks are tightening liquidity globally, as the main focus is fighting inflation. A credit crunch is getting more likely, and rumors about several big investment banks being in trouble have started circulating.
September was profitable for gold and silver bears, but things may change soon.
Trade XAGUSD
https://app.simplefx.com/instruments/XAGUSD/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.