Download Midoin Now! 📈📊🆓

Invitation code: theengineertrader

For those who missed, Bitcoin has made a new all-time high and the whole crypto scene is moving strongly - one for the radar

Five things traders need to know today

👍 US stocks kicked off the week with small gains after the Congress passed the $1tn infrastructure bill, with the S&P 500 closing above 4700 for the first time. Tesla -4.84%, with 58% of Twitter respondents favoured share selling. Most European and Asian indices closed lower on Monday.

🆙 Gold extended the gains to $1,824.21. WTI crude (SpotCrude) edged higher to $82.37 as Saudi Arabia raised its crude prices to Asia. Bitcoin surged to a fresh record high in early trading hours.

💲 The US dollar index (USDX) dipped to 93.96, while the yield on 10-year Treasury struggled below 1.50%. USDJPY fell for a third straight day to 113.22, the lowest close price since mid-October.

😃 EUR ended higher at 1.1586 despite the fourth wave of Covid-19 across Europe. The ECB reiterated that the inflation is ‘transitory’. GBP rebounded to 1.3566 amid the USD weakness.

🥝 NZD (+0.63%) jumped to 0.7164 and led the G10 overnight. New Zealand’s largest city is set to ease restrictions on Tuesday. AUD climbed to 0.7424 despite the front-end yield continuing the correction. USDCAD was slightly lower at 1.2441.

Five things traders need to know today

🔻 S&P 500 ended an eight-day winning streak on Tuesday and Dow and Nasdaq also retreated from all-time highs. Financial sector underperformed amid lower US Treasury yields while Tesla (-12%) dragged the consumer discretionary. Major European and Asian indices were in red, with Hang Seng +0.2%.

🌟 Gold rose for a fourth straight session to $1,831.80, approaching the key resistance level. WTI crude (SpotCrude) extended the gains to $84.72 as US crude inventories unexpectedly decreased by 2.5 million barrels last week. Bitcoin and Ethereum made fresh record highs.

💵 The US dollar index (USDX) edged lower to 93.89 as the yield on 10-year Treasury continued the downward trend. US PPI missed estimates in October and CPI data is due out today. USDJPY dropped to its lowest level in four weeks.

🇪🇺 EUR closed just below 1.16, helped by strong German ZEW economic sentiment. GBP ended slightly lower at 1.3558. Safe-haven CHF strengthened against the greenback.

⏬ AUD (-0.62%) was down to 0.7378 as risk appetite turned sour, despite NAB survey showing strong business conditions and confidence in Australia. NZD (-0.51%) slumped to 0.7127. USDCAD was little changed at 1.2435, sitting just above the flat 20-day SMA.

"Bitcoin Retreats After Hitting Record Amid 'Out of Control' Inflation"

https://www.investing.com/news/stock-market-news/bitcoin-retreats-after-hitting-record-amid-out-of-control-inflation-2675543

What comes up must go down 📈📉

Five things traders need to know today

📉 US stocks continued the correction on Wednesday as the highest inflation growth in three decades boosted the expectation of a faster pace of tightening from the FED. While European indices closed higher, Asian benchmarks underperformed.

🌟 Gold surged to $1,849.15, the highest close price since mid-June. WTI crude (SpotCrude) fell to $81.42 as the US crude inventories increased for a third straight week. Bitcoin eased back to $64,367.

🤑 The US dollar index (USDX) hit a 16-month high of 94.82 following the strong US CPI data as the yield on 10-year Treasury was back above 1.55% (+7.92%). USDJPY rose to 113.90, snapping a four-day losing streak.

💶 EUR recorded a new year-to-date low at 1.1476 amid the USD strength. GBP had a similar pattern and plunged toward 1.34 ahead of UK Q3 GDP, which is expected to slow down. USDCHF broke above a negative channel to 0.9182.

🌎 AUD extended the decline to 0.7325 amid a risk-off mood. The Aussie October employment data is scheduled for release today. NZD ended lower at 0.7057. CAD eased to 1.2493 per dollar and NOK led the decline in G10.

#EagleNetwork

Download Eagle Mining app at https://eaglenetwork.app

Eagle Network is a New Cryptocurrency with an Elevated Proof of Stake (Epos) Blockchain Launched February 2021

Did you missed mining Bitcoin since 2009? Don't miss out again!

Join to mine for free without any hardware.

Free mining of Eagle No Internet needed to mine Eagle No battery drain No data drain

Use my referral code: TETYT

Register with Facebook or email or your number at ....

https://eaglenetwork.app

Five things traders need to know today

📈 S&P 500 eked out small gains on Thursday helped by materials and tech sectors. Nasdaq +0.52% while Dow underperformed. China’s benchmark index CSI 300 +1.6% after the sixth CCP plenum as the government showed some support for the real estate market.

👍 Gold rose for a sixth day in a row to $1,861.77, the highest since June. WTI crude (SpotCrude) edged lower to $81.30 as OPEC expressed concerns about slowing demands. Bitcoin was above $65,000.

🆙 The US dollar index (USDX) climbed above 95 for the first time since July 2020 , with the yield on 10-year Treasury jumping toward 1.60%. Michigan consumer sentiment for November is due out today. USDJPY closed above 114.

🔻 EUR extended the decline to 1.1448 and GBP fell to 1.3365 after UK’s disappointing Q3 GDP growth. Both currencies hit fresh year-to-date low.

😟 AUD continued the losses to 0.7290 despite the higher commodity prices, with Aussie employment data missing estimates in October. NZD closed at a one-month low of 0.7020. USDCAD was up to 1.2579, making CAD (-0.68%) the weakest G10 currency overnight.

Five things traders need to know today

📉 S&P 500 closed flat on Monday, while Dow and Nasdaq started the new week with modest losses. Major European and Asian indices closed higher, with the Beijing Stock Exchange kicking off yesterday. The US and China will hold a virtual summit today.

🔻 Gold dipped to $1,862.70, snapped a seven-day winning streak. WTI crude (SpotCrude) was slightly higher at $80.92 while Brent (SpotBrent) dropped for a third day to $82.45. Bitcoin traded below $64,000.

💵 The US dollar index (USDX) jumped to 95.44, the highest level in 16 months. The yield on 10-year Treasury climbed above 1.60%. US retail sales are scheduled for release today. USDJPY was up to 114.13.

⏬ EUR (-0.67%) extended the declines to 1.1366 as the ECB president has again pushed back the expectation of higher rates. Many EU nations are experiencing another Covid wave and renewed social restrictions. GBP was unchanged at 1.3412 ahead of UK employment data.

😃 AUD rebounded to 0.7343 while NZD was little changed at 0.7043. RBA is set to release its October meeting minutes today followed by Lowe’s speech. USDCAD ended lower at 1.2512.

💬TELEGRAM LINKS

Telegram Channel
https://t.me/TradingTutorials

Telegram Group https://t.me/joinchat/kZYuNmsl8rpkYzM1

Pepperstone Traders Group Chat https://t.me/joinchat/bXMNUmjZ_qk1ZjY1

Pepperstone Traders Channel https://t.me/PepperstoneTradersChannel

XM Traders Group Chat https://t.me/joinchat/SKW9LDhXYHc5MTQ1

XM Traders Channel https://t.me/XMTradersChannel

FBS Traders Group Chat https://t.me/joinchat/UuGpmc7ewW5iOThl

FBS Traders Channel https://t.me/FBSTradersChannel

VantageFX Traders Group Chat https://t.me/joinchat/8qwmJXrZI5E4MzA9

VantageFX Traders Channel https://t.me/VantageFXTradersChannel

We are now live on YouTube!!!

https://youtu.be/FEr8v1kp_pA

Five things traders need to know today

😃 US stocks ended higher on Tuesday as stronger-than-expected retail sales numbers boosted the market risk sentiment. Biden signed a $1 trillion bipartisan infrastructure bill into law. Most European and Asian indices closed in positive territory.

🔻 Gold fell to $1,850.46 after hitting a fresh five-month high. WTI crude (SpotCrude) was slightly lower at $80.78. Crypto took heavy losses overnight, with Bitcoin (-5.19%) plunging toward $60,000 and ETH (-6.84%) breaking below the upward trend to $4,257.80.

🤑 The US dollar index (USDX) extended the rally to 95.84 as the yield on 10-year Treasury was higher at 1.64% following the hawkish FED commentary. USDJPY jumped to 114.81, the highest since 2017.

🇪🇺 EUR slumped for a fifth day to 1.1319 on worries of the rising Covid cases in Germany and Austria. GBP was up to 1.3429, showing some resilience against the dollar after the upbeat employment report. UK’s CPI is due out today.

⏬ AUD ended sharply lower at 0.7302 as RBA minutes said no hike is expected until wage and inflation criteria are met. NZD dropped to 0.6900. USDCAD was above 1.2560.

Five things traders need to know today

📉 US stocks edged lower on Wednesday on worries of persistent high inflation growth, with energy and financial sectors leading the move. NVIDIA +4% in after-hour trading following its strong Q3 earnings results. European and Asian indices closed mixed.

🌟 Gold rebounded to $1,867.26. WTI crude (SpotCrude,-2.84%) broke below the 50-day SMA to $78.48 as Biden asked the regulator to probe gasoline prices. NatGas -5%. Bitcoin extended the slide toward $60,000.

💲 The US dollar index (USDX) retreated to 95.72 after hitting the highest since July 2020. The yield on the 10-year Treasury was below 1.60%. USDJPY dropped 0.61% to 114.11, making JPY the G10 outperformer overnight.

🇪🇺 EUR was flat at 1.1318，near the 16-month low. GBP continued the recovery to 1.3492, with UK CPI beating estimates with 4.2% YoY in October, the fastest growth since 2012.

🌏 AUD fell to a six-week low of 0.7264, while NZD was slightly higher at 0.6997. Australian wage price index +2.2% in Q3, much lower than RBA target. USDCAD jumped above 1.26 despite Canada’s stronger-than-expected CPI.

Python Programming for Algorithmic Trading

https://youtu.be/FEr8v1kp_pA

Five things traders need to know today

📈 Nasdaq 100 hit a fresh high on Friday and led the gains (+2.35%) of major global indexes last week. S&P 500 +0.32% on upbeat retails sales data while Dow -1.38%. US Congress has passed Biden’s $1.75tn ‘Build Back Better’ social spending bill. European and Asian indices closed mixed.

🛢️ Gold retreated to $1,845.58, the first weekly loss in November. WTI crude (SpotCrude) fell for a fourth week to $76.68 on worries of the release of US strategic oil reserves and Covid restrictions across the EU. NatGas +6.88% on the week. Bitcoin broke below $60,000.

🤑 The US dollar index (USDX) surged to 95.98, the highest close since July 2020, despite the yield on 10-year Treasury trading lower near 1.55%. The nomination of the FED chair will be closely watched this week. USDJPY sat above 114.

🇪🇺 EUR extended its decline to 1.1283 as the ECB maintained its dovish stance, with EU nations experiencing another wave of Covid-19. GBP ended the week higher at 1.3444 on the stronger-than-expected UK employment data.

🔻 AUD continued the downward trend to the six-week low of 0.7234. NZD struggled under 0.70. While the RBA is cautious about the rate hike, the RBNZ might further raise its cash rate on Wednesday. USDCAD climbed to 1.2644 on the back of lower crude prices.

Five things traders need to know today

📉 Nasdaq continued the correction on Tuesday amid rising US Treasury yields after Powell’s re-nomination. S&P 500 and Dow eked out small gains with energy and financial sectors leading the move. Zoom -14.71% after it warned about revenue slowdown. European and Asian indices closed mixed.

🌟 Gold extended the decline to $1,788.95, breaking below the 200-day SMA. WTI crude (SpotCrude) climbed to $79.36 despite Biden’s decision to release 50 million barrels of Strategic Petroleum Reserve. Bitcoin recovered to $57,667.

💲 The US dollar index (USDX) was little changed at 96.40, while the yield on 10-year Treasury moved higher to 1.67%. A bunch of key economic data is scheduled for release today ahead of Thanksgiving. USDJPY jumped above 115 for the first time since March 2017.

🇪🇺 EUR was slightly higher at 1.1248 helped by the upbeat PMI data across EU nations. Policy divergence and rising cases still weighed on the single currency. GBP fell for a third day to 1.3378, hitting the 11-month low in the session.

🥝 NZD was unchanged at 0.6949 ahead of the RBNZ policy announcement today. While a 25bp rate hike is fully priced, there is a 33% chance of a 50bp. AUD edged lower at 0.7226. CAD and NOK ended the day higher.

What is SANTA CLAUS RALLY? 🎄🎅🤔

A Santa Claus rally is a calendar effect that involves a rise in stock prices during the last 5 trading days in December and the first 2 trading days in the following January.

According to the 2019 Stock Trader's Almanac, the stock market has 💹 risen 1.3% on average during the 7 trading days in question since both 1950 and 1969. Over the 7 trading days in question, stock prices have historically risen 76% of the time, which is far more than the average performance over a 7-day period.

However, in the weeks prior to Christmas, stock prices have not gone up more than at other times of the year.

The Santa Claus rally was first recorded by Yale Hirsch in his Stock Trader's Almanac in 1972.

The Dow Jones Industrial Average (DJIA) has performed better in years following holiday seasons in which the Santa Claus rally does not materialize.

Thanks to our wiki friend! AHA!💡🎉

Learn more about trading here ⬇️⬇️⬇️

Basics: https://www.youtube.com/playlist?list=PLYxIPRxuiczdzhb8YlEXs0nb3gIFv01Do
Fundamental Analysis: https://www.youtube.com/playlist?list=PLYxIPRxuiczc8m0zyaVQiNtNAKEYhvei4
Technical Analysis: https://www.youtube.com/playlist?list=PLYxIPRxuiczcxfYmr6x5bhcAMKme1LMOF
Risk Management: https://www.youtube.com/playlist?list=PLYxIPRxuiczds6LCpyEuYvTvZd2yr947S