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.
USD/JPY could make a leg higher towards 105.60
2019-11-11 • Updated
USD/JPY is looking for clues that help to strengthen the bulls in the short-term, as the pair scopes to make a corrective move in favor of such bias. According to our projections in the H1 chart, the corrective move could go as long as the Fibonacci level of 50% at 105.63. If the pair manages to make a pullback around that area, it’s expected to fall towards the -23.6% Fibo area at 104.15. However, if the 105.63 level gives up, then the highs from March 21st could be challenged.
RSI indicator is moving into the neutral territory, calling for a sideways consolidation.
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…
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?