The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
Bitcoin (BTC/USD) piercing above bearish channel
2019-11-11 • Updated
The Bitcoin has put a brake on the fall that was sustained during the past weekend and is now recovering in an area of importance to sellers. This is because the BTC/USD pair broke a bearish channel and managed to consolidate above the 50-hour moving average. Now, the lights are on the road to the north.
The Parabolic SAR suggests that the price action remains intact in favor of the bulls, although it is an indication that it can last for a short time, because the sellers could appear in the current stage, thanks to the convergence that has with the moving average of 200 hours and in addition, the BTC is approaching the Fibonacci level of 50% in 8724.
What do we expect?
According to our forecasts in the short-term, cryptocurrency is finding support at the Fibonacci level of 78.6% in 7068, which suggests that the buying price action is concentrated around that area. Therefore, we can not rule out a rebound of Bitcoin towards the Fibonacci level of 38.2% in 9407, once it manages to fracture above the highs of March 16. The RSI remains in the overbought area.
The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.