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.
NZD/USD with heavy sellers concentration around 0.7038
2019-11-11 • Updated
NZD/USD has been trading in a strong bearish tone across the board, with the 50 SMA at H1 chart helping to cap gains in the short-term. However, the pair took a rest and managed to do a rebound above the lows from May 2th and it’s finding resistance in the 0.7038 level, where is located a Fibonacci area of 50%. If Kiwi succeeds in break below 0.6982, then it can plummet towards the -23.6% Fibo level at 0.6955.
RSI indicator is pointing to the downside, calling for further weakness.
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…
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
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Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.