SimpleFX Market News
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USD Keeps on Gaining Against JPY as Rates Hikes Expected to Come Soon

The current formation of the USDJPY currency pair suggests a global bullish trend that moves within the green channel.

SimpleFX USDJPY Chart Analysis: March 18, 2022.

After the last pullback from the upper green wall, we saw a long downward movement of the price to the lower green line. After the price reached the green…

https://blog.simplefx.com/2022/03/18/usd-keeps-on-gaining-against-jpy-as-rates-hikes-expected-to-come-soon
GBPJPY Has Just Broken Through an Important Resistance

The GBPJPY currency pair has just crossed an important 158 resistance line. No, the pair is expected to form an uptrend that moves inside the green channel. The current chart shows the market movement since the end of February this year.

Closer to the middle of February, the price touched the upper green line, then…

https://blog.simplefx.com/2022/03/22/gbpjpy-has-just-broken-through-an-important-resistance
GBPJPY Has Just Broken Through an Important Resistance

The GBPJPY currency pair has just crossed an important 158 resistance line. No, the pair is expected to form an uptrend that moves inside the green channel. The current chart shows the market movement since the end of February this year.

Closer to the middle of February, the price touched the upper green line, then…

https://blog.simplefx.com/2022/03/22/gbpjpy-has-just-broken-through-an-important-resistance
Australian Dollar Soaring on Commodities and Uncertainty

On the current chart for the AUDUSD currency pair, we see the development of a global upward trend within a large green channel.

SimpleFX AUDUSD Chart Analysis: March 23, 2022.

We see that at the beginning of March, the price reached the upper green line. However, the bulls did not have enough strength to continue…

https://blog.simplefx.com/2022/03/23/australian-dollar-soaring-on-commodities-and-uncertainty
Today, oil prices are up 3.67% and are attacking $120 resistance on SimpleFX. Russia has limited the capacity of its major Caspian pipeline. The move comes ahead of US president Joe Biden’s visit to Europe.

Global stockpiles drop as the risk of the escalation of the conflict in Ukraine grows.

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

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Channel name was changed to «SimpleFX»
Hi there, on Thursday, March 24, at 9 a.m. UTC (10:00 local Brussels time) an extraordinary meeting of the North Atlantic Council (NAC) begins.

Heads of state and governments of NATO member countries will discuss the war in Ukraine and the possible response to Russia’s aggression.

Markets across the board may be influenced by the results of the talks.

You can follow the event on the official NATO page.
https://www.nato.int/
image_2022-03-24_13-46-26.png
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We've just added PayPal to SimpleFX. Trading starts in 45 minutes. Enjoy!

https://app.simplefx.com/instruments/PYPL.US
Gas Prices Up 5.2% on Thursday Despite the US Plan
Natural gas prices are up 16% since March 16 trading around $5.4 per MMBtu on SimpleFX. Surprisingly the commodity has not beaten the $5.78 from February 2, even with the ongoing war and sanctions against Russia.

The US is reportedly finishing its plan to supply the EU with extra 15 billion cubic meters of natural gas by the end of 2022. This seems to be a strategic priority for the western allies.

Watch out for the natural gas prices as Joe Biden and Ursula von der Leyen are to announce the details of the agreement on Friday morning.

https://app.simplefx.com/instruments/NATURALGAS/chart
Check out our TA for Nasdaq. The index have been showing some strong trends recently

https://blog.simplefx.com/2022/03/25/chipmakers-push-nasdaq-up-will-the-uptrend-continue
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We just enabled Binance Smart Chain payments for DOGE accounts :)

https://blog.simplefx.com/2022/03/25/send-doge-to-simplefx-through-binance-smart-chain
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Tilray on Fire (+40%) on Cannabis Decriminalization News
All cannabis stocks have skyrocketed on the news that the US House of Representatives would consider a bill that decriminalizes marijuana next week.

Tilray is a pharmaceutical, cannabis-consumer goods manufacturer based in New York City and active in Canada, Australia, New Zealand, Latin America, Germany, and Portugal.

The cannabis stocks rallied yesterday and jumped 17% on Friday’s opening, extending two-day gains to 40%. Since then, the price dropped from $8.2 to $7.44 as investors cashed in their profits.

Is it a buy-low opportunity or time to short overpriced Tilray?

https://app.simplefx.com/instruments/TLRY.US/chart
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Tesla Halts Shanghai Production

Customers will have to wait even longer for their new Teslas. The carmaker paused production in Shanghai. China’s largest city has entered the first lockdown since 2020 due to a sharp rise in COVID cases. The decision to shut down Shanghai will affect the global economy.

As for Tesla, the closure will affect its Q1 results. Tesla stock has been gaining over 30% since March 15, breaking the $1,000 resistance with ease.

Time to sell? Or maybe a buy-low opportunity when the market opens at 13:30 UTC today?

https://app.simplefx.com/instruments/TSLA.US/chart
Channel name was changed to «SimpleFX Market News»
Commodities, gold raise again on vain hopes for Russia’s withdrawal from Ukraine.
For two days it seemed the war was over on the financial markets. Today investors are back in crisis mode.

Natural Gas (+4.54%), UK OIL (1.69%), Gold (0.7%) are all in the green.

European stocks fall. DAX40 (-168%), CAC40 (-1.3%), STOXX50 (-1.5%).

Wall Street has just opened flat and may go either way. Stay tuned!

https://app.simplefx.com/instruments/SPX500
Natural Gas Soars as Russia Threatens to Stop Exports!

Russia will stop supplies of gas to “unfriendly” states unless they pay for the commodity in rubles, said President Vladimir Putin.

Natural Gas spot prices jumped 4.45% today, 9.37% during the last two trading days, and are approaching the highs from October 2021.

“To buy Russian gas, they need to open ruble accounts in Russian banks. From those accounts, gas will be paid for starting April 1. If such payments aren’t made, we will consider this a failure by the client to comply with its obligations,” Putin said in a TV speech on Thursday.

Do you BUY or SELL Natural Gas at $5.74 per MMBtu?

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