SimpleFX Market News
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Stocks are Tanking on Black Friday – Trade, Profit, and Grab $1,000 Guaranteed

European stock market, and US futures are going down on news of a new super transmissive COVID variant found in South Africa. DJI30 futures are -1.66%, SPX500 -1.5%,  and RUSSELL2000 -1.5% on SimpleFX today. 

It seems that since the information about the virus broke out there was panic on the markets, since then the situation…

https://blog.simplefx.com/2021/11/26/stocks-are-tanking-on-black-friday-trade-profit-and-grab-1000-guaranteed
Let’s Focus USDCAD as a Think Tank Recommends Canada a Dollar-pegged Crypto

Canada should issue a cryptocurrency linked to CAD, an economic think tank C.D. Howe Institute suggests. That’s a great idea, and hopefully could help CAD grow. At the moment we’re seeing USDCAD going rather up than down.

The formation of the USDCAD currency pair suggests the construction of a global uptrend that moves inside a…

https://blog.simplefx.com/2021/11/26/lets-focus-usdcad-as-a-think-tank-recommends-canada-a-dollar-pegged-crypto
Is NDX100 Heading for a New ATH this Year?

The NDX100 stock index assumes the formation of a large bullish trend that moves inside the green channel.

Throughout September, the price moved from the upper green line in the direction of the lower green line. In early October, the price reached the lower green line, pushed off from it and began to rise rapidly…

https://blog.simplefx.com/2021/11/30/is-ndx100-heading-for-a-new-ath-this-year
EURGBP Volatility Soars on Omicron Uncertainty. Time to Trade!

More than a month ago we talked about EURGBP. The current formation of the EURGBP pair suggests the construction of a large downtrend that moves within the green channel. We see that at the beginning of October, the price, before reaching the upper green line, turned around and the market moved in a downward direction.…

https://blog.simplefx.com/2021/12/01/eurgbp-volatility-soars-on-omicron-uncertainty-time-to-trade
EURJPY Downtrend Continues on Rising Global Uncertainty

The formation of the EURJPY currency pair suggests a large uptrend that moves within a large green channel. In the current chart, we see the price movement from mid-September of this year to today.

At the end of September, the price reached the center of the green channel, after which the bulls seized the initiative…

https://blog.simplefx.com/2021/12/03/eurjpy-downtrend-continues-on-rising-global-uncertainty
Hope You Didn’t Miss These Awesome Trading Ideas. November Winners!

November was extremely exciting for margin traders across the board. Cryptocurrencies went up in the first half of the month, but BTCUSD has dropped 27.6% since November 15. While maximalists and El Salvador are loudly buying the dip, many whales decided to dump Bitcoins and cash in expecting a bears market.

Cryptocurrency markets once again…

https://blog.simplefx.com/2021/12/06/hope-you-didnt-miss-these-awesome-trading-ideas-november-winners
How Sustainable is Dow Jones Rally on Omicron Optimism?

The current structure of the American stock index DJI30 suggests the formation of a global uptrend that moves inside a large green channel. On the current chart, we see the price movement from October to today.

SimpleFX DJI30 Chart Analysis: December 7, 2021

Since October, the price has been slowly but surely creeping up to…

https://blog.simplefx.com/2021/12/07/how-sustainable-is-dow-jones-rally-on-omicron-optimism
GBPAUD Dives After RBA Meeting. Where Next?

The Reserve Bank of Australia kept interest rates for AUD on hold. The move was anticipated but still led to a sudden appreciation of AUD, making pairs like GBPAUD extremely attractive for margin traders.

SimpleFX GBPAUD Chart Analysis: December 8, 2021

The current formation of the GBPAUD currency pair suggests the construction of a large…

https://blog.simplefx.com/2021/12/08/gbpaud-dives-after-rba-meeting-where-next
GBPAUD Dives After RBA Meeting. Where Next?

The Reserve Bank of Australia kept interest rates for AUD on hold. The move was anticipated but still led to a sudden appreciation of AUD, making pairs like GBPAUD extremely attractive for margin traders.

SimpleFX GBPAUD Chart Analysis: December 8, 2021

The current formation of the GBPAUD currency pair suggests the construction of a large…

https://blog.simplefx.com/2021/12/08/gbpaud-dives-after-rba-meeting-where-next
It’s a Critical Week for Global Markets and We Double the Bonus! Collect $5,000 Before Dec. 15!

Bitcoin dropped below $50,000 again losing 1.8% today, but Ethereum is going up. ETHUSD has gained 1.28% and is attacking $4,400 resistance again. Across the board in the cryptocurrency market bears and bulls clash to push the prices in their direction.

With equity markets rallying on positive Omicron news, the volatility is up. Not only…

https://blog.simplefx.com/2021/12/08/its-a-critical-week-for-global-markets-and-we-double-the-bonus-collect-5000-before-dec-15
BTCUSD TA. Are We in a Crypto Bear Market Already?

The current structure of the main BTCUSD cryptocurrency pair suggests the formation of a global uptrend that moves inside a large green channel.

In the current chart, we see the price movement for a month and a half. At the end of October, the price zigzagged upwards in the upper green area, then in the…

https://blog.simplefx.com/2021/12/09/btcusd-ta-are-we-in-a-crypto-bear-market-already
BTCUSD TA – Are We in a Crypto Bear Market Already?

The current structure of the main BTCUSD cryptocurrency pair suggests the formation of a global uptrend that moves inside a large green channel.

In the current chart, we see the price movement for a month and a half. At the end of October, the price zigzagged upwards in the upper green area, then in the…

https://blog.simplefx.com/2021/12/09/btcusd-ta-are-we-in-a-crypto-bear-market-already
Now You Can Make Fast Tether Transfers for $1 on the TRON Network!

SimpleFX is the leading crypto-first trading and investing platform, and we deliver another functionality that proves that. We have enabled superfast payments for Tether over the TRON network (TRC20). Now you can move your Tether almost instantly and pay just 1 USD for a transaction. 

Most likely your crypto exchange supports TRC20 payments for Tether.…

https://blog.simplefx.com/2021/12/09/now-you-can-make-fast-tether-transfers-for-1-on-the-tron-network
NEOUSD and Other Altcoins Show Great Opportunities for Margin Traders

Cryptocurrency markets are going down since early November, but crypto margin traders don’t stop making profits. Trading altcoins over the last 30 days have been very exciting. Today we take a closer look at NEOUSD, a cryptocurrency behind the Neo economy project, where digitized payments, identities, and assets come together.

The crypto has a relatively…

https://blog.simplefx.com/2021/12/14/neousd-and-other-altcoins-show-great-opportunities-for-margin-traders
Grab $150 for Making an Ethereum Deposit

ETH price has been up and down recently, so it’s good to reinvest your Ether. Now you can get $150 for making an ETH deposit to a free SimpleFX account. Go to SimpleFX, register with an email if you don’t have an account already, and deposit ETH. We’ll credit the bonus to your account.

The…

https://blog.simplefx.com/2022/02/23/grab-150-for-making-an-ethereum-deposit
Dow Jones Slide Yesterday, But Futures Rise as Stocks Approach Lows

After Tuesday in the red, futures on the Standard & Poor’s 500 index rose strongly early Wednesday, as did S&P 500 futures and Nasdaq futures. Monday’s stock market rally lost further ground after Russian President Vladimir Putin recognized breakaway territories in Ukraine as independent and the West imposed targeted sanctions in response.

The current structure…

https://blog.simplefx.com/2022/02/23/dow-jones-slide-yesterday-but-futures-rise-as-stocks-approach-lows
Crude Oil Breaks $100, Gold Hit $1974, while Bitcoin Dropped to $34,231 after Russia Invades Ukraine

Russia started a full invasion of Ukraine, with an unprovoked attack from North (Belarus), South (Crimea), and East this morning. People worldwide are shocked by what may be the beginning of the largest military conflict in Europe since World War II.

Brent Crude rocketed through the $100 resistance for the first time since 2014 and…

https://blog.simplefx.com/2022/02/24/crude-oil-breaks-100-gold-hit-1974-while-bitcoin-dropped-to-34231-after-russia-invades-ukraine
Crude Oil Breaks $100, Gold Hit $1974, while Bitcoin Dropped to $34,231 after Russia Invades Ukraine

Russia started a full invasion of Ukraine, with an unprovoked attack from North (Belarus), South (Crimea), and East this morning. People worldwide are shocked by what may be the beginning of the largest military conflict in Europe since World War II.

Brent Crude rocketed through the $100 resistance for the first time since 2014 and…

https://blog.simplefx.com/2022/02/24/crude-oil-breaks-100-gold-hit-1974-while-bitcoin-dropped-to-34231-after-russia-invades-ukraine
Trading Schedule Changes in Brazil and India (Feb 28 – Mar 2)

Due to the upcoming public holidays in Brazil and India, the following changes in trading hours will occur (24-hour, UTC):

February 28

Equities BR – closed;

March 1

Equities BR, NIFTY50 – closed;

March 2

Equities BR – trade from 16:00.

https://blog.simplefx.com/2022/02/24/trading-schedule-changes-in-brazil-and-india-feb-28-mar-2
Is it the Right Time to BUY or SELL Bitcoin?

It is still an open question how BTC will react to the biggest geopolitical crisis since the cold war. At first, cryptocurrencies collapsed along with stocks, but now it is recovering. How will it establish itself in the long run? Let’s take a look at the technical analysis of the current trend.

Judging by the…

https://blog.simplefx.com/2022/02/25/is-it-the-right-time-to-buy-or-sell-bitcoin
Can the Turkish Lira Catch a Breath Against USD?

Most likely, for the USDTRY currency pair, the market is directed in an upward direction, forming a bullish trend that moves within a large green channel.

SimpleFX USDTRY Chart Analysis: March 1, 2022.

Over the past month, the price has gone from the lower green line to the upper green line. The bulls reached the…

https://blog.simplefx.com/2022/03/01/can-the-turkish-lira-catch-a-breath-against-usd