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XAUUSD PULLBACK BEFORE THE BIG SHORTThe price of gold has experienced a reversal, dropping below $1,950 after briefly surpassing $1,970 earlier in the day. This decline can be attributed to the benchmark 10-year US Treasury bond yield, which is currently rising and approaching 3.8%. The increase in bond yield comes as a result of the recent drop in US CPI data, which has had a negative impact on the XAU/USD (gold/US dollar) pairing. The price of gold took a downward turn, slipping below the $1,950 mark after briefly surpassing $1,970 earlier in the day. This reversal was driven by the sharp rise in the benchmark 10-year US Treasury bond yield, which is now approaching 3.8%. The surge in bond yield was triggered by the weaker-than-expected US CPI data, putting pressure on the XAU/USD (gold/US dollar) pair. Nicola, CEO of Forex48 Trading Academy
OANDA:XAUUSDShort
by Forex48_TradingAcademy
Brazilian bank with space potential 🚀 Warren Buffett is famous for his investments, which he makes right at very bottom, and then holds them for many years and stocks bring him > 1000%! There is a high probability that history will repeat it self with this cryptocurrency bank, in which he invested $ 1 billion a couple of years ago. In fact, this is the only bet on the cryptocurrency of an elderly investor. 🏦 Nu provides digital banking services. Every year the revenue of this bank grows by 100-200%! The company attracts between 4 and 10 million new customers every quarter. Given population of Latin America, the fintech company boasts significant growth potential in medium term by capturing market share. But it should be remembered that while the bank is unprofitable, but as soon as the first profit appears, this rocket will not be stopped! According to technical analysis, the stock found a bottom in region of $3-4 per share. Now a new growing channel has been formed, which is confirmed by high volumes, so there is every chance that the uptrend will continue. 60% remains to the historical maximum, we will probably see this goal already this year. 💳 Nubank Ticker: NYSE:NU 🔰 Entry price from: 7.3$ 📊 Repurchase price: $5.6, $4. 🎯 Goals: $12, $15, $18 💼 Volume per trade: up to 0.5-3% per portfolio 📈 Potential return: up to 150% It is better to keep this deal for the medium term. You should enter the deal gradually, without rushing. Initially at 0.5-1% of deposit. If the stock falls, then you can average the position by 1-2%. If the stock grows, then the entry point was good and you can increase the position by 1-2%. You can find even more profitable ideas in the profile header 🎩 If you are interested in analysis of any other asset - write in the comments and I will do it.
NYSE:NU
by Dorado_Crypto
🔥 Bitcoin's Last Hope For The BullsOver the last two days, Bitcoin has been dumping on Bearish SEC news from the USA. In the short-term, the bears are 100% in control and are actively pushing the price down. However, the bulls might have a last trick up their sleeve. We're rapidly approaching a massive zone of support that has been established around a year ago. If there's any big buyers left, they are waiting within this zone. A bullish reversal from this zone could signal an end to the ~2 month bearish trend. This would be in line with my long-term bullish Elliot Waves analysis on Bitcoin below. However, if this zone fails to hold the price, I'd expect that there's more selling to come. Seeing that this is a news-related selling event, it's hard to determine whether we're going to reverse or not. Technical analysis has a lot less impact once trading is based on pure emotion. Nevertheless, keep a close eye on this zone since it will likely cause some heavy volatility, either to the upside or downside.
COINBASE:BTCUSD
by FieryTrading
10
Unemployment in the U.S. and 13 states to watch out forWith the unemployment data being scheduled for release today, we would like to focus on this topic. Previously, we stated that historically, each 1% rise in unemployment within the United States was accompanied by a recession. Therefore, today, we want to highlight a few interesting trends in unemployment with regard to specific states rather than a whole country. Below, we list 13 states that stood out to us and which might be worth to be paying attention to (in the remaining 37 states, unemployment was either still declining or not showing any significant growth in the past year, although that does not mean that they are less worthy of watching out for). Unemployment trends in particular states: - District of Columbia - up from 3.9% in August 2022 to 5% in April 2023 (+1.1% increase). - Oregon - This state saw unemployment rise from 3.5% in March 2022 to 4.8% in October 2022. Then the unemployment rate stayed unchanged until February 2023, when it started to tick down. In April 2023, the unemployment in Oregon stood at 4%. - Kentucky - Unemployment in Kentucky rose from 3.3% in December 2022 to 4.6% in February 2023. Then, it quickly declined in the following two months, printing 3.2% in April 2023. Though, we would like to emphasize that changes in the unemployment rate in Kentucky are historically volatile, at least based on the FRED’s data. - Wyoming - The unemployment rate was 3.2% in April 2022 and rose to 3.9% in October 2022. Then similarly, like in Kentucky, it stayed unchanged until February 2023. After that, the rate started to decline, reaching 3.5% in April 2023. - New Jersey - In New Jersey, the unemployment rate stood at 2.8% in September 2022. In February 2023, this figure rose to 4.1% and then started to decline. In April 2023, unemployment was down to 3%. - Virginia - The unemployment in Virginia was 2.5% in June 2022. In November 2022, it rose to 3.2%. Since then, the unemployment rate in the state remained between 3.1% and 3.2%. - Kansas - In Kansas, unemployment rose from 2.4% in April 2022 to 3% in November 2022. After that, it continued to print 2.9% in the next five months. - Minnesota - The unemployment in Minnesota rose from 2.3% in April 2022 to 3% in November 2023. In April 2022, it came in at 2.8%. - Iowa - At the start of the second quarter of 2022, Iowa's unemployment rate was 2.3%. In September 2022, it reached 3.1%; later, in December 2022, it started declining. Unemployment in Iowa reached 2.7% at the start of the second quarter of 2023. - Missouri - In June 2022, the unemployment rate in Missouri was trending at 2.1%. Then, in October 2022, it reached 2.7%, where it held until February 2023. In April 2023, this figure came in at 2.5%. - Vermont - In Vermont, unemployment rose by 0.9% between April 2022 and October 2022. However, after that, it started to fall, hitting 2.4% in April 2023. - New Hampshire - In April 2022, the unemployment rate in New Hampshire equaled 2.1%. In October 2022, it was already at 2.9%. However, it started to fall in January 2023 and erased the whole rise in April 2023. - Nebraska - In April 2022, unemployment stood at 2% in Nebraska. After that, it started to rise, reaching 2.7% in December 2022. Despite this uptick, unemployment quickly fell to 2% by the end of April 2023. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
SP:SPX
by Tradersweekly
6
Bet on metaverse now? 📲 Unity - company provides its own engine for creating games with virtual reality support. For example, almost all multiplayer cryptocurrency games are made on the Unity engine: BINANCE:SANDUSDT , BINANCE:AXSUSDT , DAR, MANA and others. Also, a huge number of games without the use of blockchain technologies. This tells us about the growing demand for services of this company. From the historical maximum, the stock has already fallen by -85%! The company is currently unprofitable, but revenue is growing at a good pace. Company's P/S multiplier is normal: P/S~7. The company is expected to reach net income next year: Forward P/e ~33. Should you buy Unity stock now? According to technical analysis, stock has been moving sideways for a year now. During this time, volumes of paper have grown, which means that investors are accumulating shares. However, there are no insider buying yet, which means we haven't seen great prices yet. 📊 Outcome: According to fundamental analysis, the business still looks bad, but the Unity direction is very promising. According to technical analysis, the paper looks attractive for long-term purchases, but we can still see a lower price. Ticker: NYSE:U ❇️ Forecast "optimistic in long term" 💵 Recommended buy prices: $25, $21, $16 💰 Volume per idea: up to 1.5% of the deposit 🎯 Goals: $45, $58, $76 📈 Growth potential up: to 150% by the end of 2023. 📉 Potential to drop up: to 50% by the end of summer. Write in the comments on what other assets you want to get an analysis 🔍 If you are interested in receiving promising ideas on market, dont forget subscribe to channel! In profile you will find a lot of interesting things.
NYSE:ULong
by Dorado_Crypto
Best AI stock for 2023 🤖 Recently, everyone is talking about AI. So which companies to buy and is it worth it now? At the moment, leader among commercial implementation of artificial intelligence is a non-public company OpenAi. Microsoft ( NASDAQ:MSFT ) has made a big contribution to development of OpenAi - therefore its a direct beneficiary of spread of GPT chat. 📱 The rest of Big Tech shares: NVDIA, Tesla, Meta - also have a direct participation in development and popularization of AI. That is, now AI is about the growth of Big Tech shares, which have already grown by + 50+70% since the beginning of this year! It's a lot. For example, Apple is generally ~4-5% of its historical maximum 😱 In context of incoming data, we see that conditions in world's economies are destroying, which means that IT sector will not be able to pull market for a long time and will go into correction. Sp500 will also go down accordingly. And this means that the hype around AI will soon cool down ♨️ But, we would like to highlight one company that will be interesting in the medium term. She is engaged in development and training of AI. ➖ Of the minuses, the company has no profit. Strongly overbought by P/S ~12 (up 200% YtD). ➕ The company has no debt. There is a very promising direction. There is a revenue of $266 million. Huge stock volumes starting in 2023 📊 The next report will be June 1st. If the company makes a profit, there is a chance to grow by +50%, but then the stock will fall. ❇️ Ticker: NYSE:AI ✳️ Buy limit orders: $25, $20, $17 📈 Growth potential: up to 200% by the end of the year. 📉 Downside potential: up minus 50% by the end of summer. Write in the comments on what other assets you want to get an analysis 🔎 If you are interested in receiving promising ideas on market, dont forget subscribe to channel! In profile you will find a lot of interesting things.
NYSE:AI
by Dorado_Crypto
USA debt default hype is end! Should market rally? Peoples are already tired of news about the debt default of country, whose currency has a reserve status in the world. We are tired too. The circus of raising imaginary debt ceiling was completed on Saturday. Biden and Republicans agreed to raise the national debt ceiling. US default averted 🤡🧯 The House of Representatives will vote on the document on Wednesday, May 31. Then the initiative must be approved by Senate of Congress, after which it will go to Biden for signature. There is nothing surprising in this, and I even posted a detailed post on telgram about “Why there will be no debt default in the USA”, where I clearly explained to you that national debt ceiling will be raised 😉 BINANCE:BTCUSD and BINANCE:ETHUSD ETH reacted positively to this, as a result, all fell of last week was bought out. And the market ended the week positively. US market is closed today, so we will know the real reaction to this news tomorrow. 📯 Now media will promote this news as something positive and the markets will go into a short-term bullish rally. BUT… after this rally, SP:SPX will inevitably go for a deep downward correction, as now Ministry of Finance will come out with borrowings and will suck money out of system. And the FED will help him 🤝 For last half of year, the Ministry of Finance, on contrary, threw money into market, which blocked negative effect of the FED's actions. Therefore, we saw the growth of big techs - as a result, the Sp500 index. Now both structures will work in the same direction…
SP:SPXShort
by Dorado_Crypto
2
Macro Catalysts Looming over BTCThere are several macro catalysts looming that are expected to play out in the next days and next couple of weeks. - DEBT Ceiling - FEDNOW launch - SEC vs Ripple FED and US TREASURY - DEBT Ceiling The United States Treasury is going broke, the FED is broke and banks are crumbling. The market crash actually started back in September 2019 when the yield curve inverted (www.investopedia.com). The "Debt ceiling" cannot be raised indefinetly and at some point US will most likely have to default unless they reach a deal like they did in 2011. Image 1: fred.stlouisfed.org The FED is basically a bank that has assets and liabilities. Their profits are funnelled into the US government. Since August 2022 they have recorded over $60 billion in losses. Image 2: Image 2 The balance sheet of the Treasury shows how much money the US government has. After the COVID printer went crazy the balance sheet reached $1.8 trillion and has now plummeted to $100 billion. The US government is the ultimate PONZI, in order to pay their debts they need to keep borrowing. To make it worse the borrow estimates for Q1 2023 where about $500 billion but ended up being double that at about $1 trillion. This goes to show how the US is no longer in control and cannot predict what is to come. Image 3: www.bloomberg.com Bloomberg did a piece on Gold and assets that according to their survey will do well if US defaults. Data is based on 670 participants. Interesting to see that Bitcoin is considered to be a good BUY in that event. During a financial crisis, commodities such as Gold, Silver and Platinum have been the "go to" assets along with the YEN and Swiss Franc. It seems like Bitcoin is moving from a Risk-On asset to more of a commodity. FEDNOW Launching www.federalreserve.gov Another important upcoming catalyst is the FEDNOW banking system which goes live July 1st. This is kind of a precursor to CBDC. The question here is, how well will this function and is there any risk of bugs? All software is vulnerable, and a small bug can lead to huge implications because banks will not be able to move money if a bug happens. It is important that the system runs smoothly because on the same date another major catalyst is at play. - LIBOR to SOFR transition. LIBOR (London Inter Bank. Overnight Rate) is a group of banks that determines the interest rate on loans, this has been done in London as per the LIBOR The US wants to move to SOFR (Secured Overnight Financing Rate) , they want to have more control. We are talking about approximately $650 trillion worth of assets that will have to migrate. The rate on the SOFR is set by the Overnight Rates. Taking the FEDNOW and SOFR together, if a bug happens with the FEDNOW software, banks will not be able to move money. This would mean that the Rates will skyrocket. SEC vs RIPPLE - Hinman documents cointelegraph.com Another potential catalyst is the 2.5 year long case between SEC and Ripple. Recently Ripple convinced the court to force the SEC to reveal the Hinman documents. Hinman is a former SEC director who reportedly stated that ETH is not a security because "it is sufficiently decentralized." But since the documents are sealed it is uncertain what is exactly ment by this statement. Ripple believes revealing this document can help them win their case. Ripple winning this case could potentially be one of the most bullish catalysts to have impacted the crypto market. The public release was supposed to be June 6 but is now set for June 13. Important Dates: JUNE 1 Yellen states that it is likely that the treasury will not be able to satisfy all obligations as early as June 1 JUNE 13 - Hinman Documents made public - Inflation figures for May released JUNE 14 - FED announcement on interest rates decision JULY 1 - LIDOR to SOFR migration - FEDNOW launches
by Suneater69
U.S. National Debt U.S. default A topic that has been stirring people's minds in recent months is the U.S. debt ceiling. The general public is asking the question: "Will the national debt ceiling be raised or will the U.S. default?" The national debt is the result of the government's financial borrowing to cover the budget deficit. And, as you might have guessed, these borrowings must be paid for. For the last ~100 years, the U.S. has existed on borrowed capital by placing Treasury bonds. And there is a purely nominal borrowing limit, which in fact America has raised 45 times in the last 40 years so that it can borrow more and more and more. And if they don't, the Treasury will no longer be able to issue debt securities and will only have to cover their expenses with cash balances from their balance sheet. Spoiler: no money to pay off your own debt 💡Logical conclusion. The national debt ceiling will be raised anyway, and all the current discussions have only political overtones and have nothing to do with the real economic model of the states. Consequently, no teeth-grinding default and collapse of the global financial system should be expected How will the increase in state debt affect the cryptocurrency market? -If you're interested, put + www.usdebtclock.org Best regards EXCAVO
FRED:GFDEBTNLong
by EXCAVO
29
Downside moment has come for US indexes?Hello Traders, In our previous posts,linked in the description, we've been tracking the last zig-zag of this primary wave (B) as it ascends. Our calculated completion targets fall within the yellow area, coinciding with the bullish descending broadening wedge targets, as well as the point where Y equals Z. This symmetry between the two most recent zig-zags in this corrective wave has informed our decision to set our longs at 13800 and initiate short positions at 13863, anticipating the advent of wave (C) and a potential move towards lower lows. But the price action and chart patterns integral to our proposed count are just pieces of the larger picture. Several other indicators also support the potential scenario we've described. Interestingly, over recent months, we've observed an unusual market behavior. The market has been ascending, despite a dominant narrative of impending recession and rate hikes—factors that typically instill bearish sentiment in retail traders. This resilience of the market is even more noteworthy when we consider its divergence from the Money Supply M2. Historically, the stock market has acted as an oscillator of the Money Supply M2. It's crucial that we view this resilience of the market as a potential strategy to mislead retail traders. When the narrative was bearish, the market not only held its ground but thrived, possibly catching many retail traders off-guard. Adding another layer to our analysis, let's consider the US 10-Year Treasury yield (US10Y). It's currently forming a bullish flag pattern, a positive signal that could potentially lead to higher yields. If this pattern confirms, it would be consistent with lower lows on indexes In our upcoming posts, we'll explore these dynamics and their potential impact on market trends in the short to medium term. We'll also discuss what they mean for our trading positions. We keep in mind that FOMC today can be a good trigger for accelleration to the downside, but another wave up towards 14200 is still a concrete possibility. Stay tuned for more updates, and trade safely in this volatile environment. Bests GMR
PEPPERSTONE:NAS100Short
by GMR-Capital
Mega stock and what are meta perspectives? 😳In 2022, Facebook NASDAQ:META performed fantastically and fell -76% from its peak! On the channel, we warned that this was a gift of fate and shares should be bought, because the company still has a huge audience, revenue and profit. Yes, revenue is no longer growing at a rapid pace, but rather falling from quarter to quarter. But the company boldly declared that it was changing the concept of business and moving into the creation of the Metaverses. For half a year, the stock grew by 175% and became the most profitable in the Sp500 index. What to do with the company now? It is not yet entirely clear whether the company will be able to realize its plans in the meta world, but the positive action has already played well. According to technical analysis, there is a slight upside to $290. It was there that the first gap formed, after which the company began a landslide fall. The chart does not like emptiness, so we can see the final upward spurt. But then the stock has downside potential to $136, which is where the strong support is. At this level, we will decide whether to re-enter the stock. 🔰 Now recommendation: stay away from the action. You can think of a short, but only with a short stop. There are more interesting ideas on the market now. You can find even more profitable ideas in the profile header 🎩 If you are interested in analysis of any other asset - write in the comments and I will do it.
NASDAQ:METAShort
by Dorado_Crypto
2
Why does Amazon look so bad? 😖 And what expect until end of 23? In period 2021-2022, the entire Sp500 index was pulled by FAAMG (Facebook, Amazon, Apple, Microsoft, Google). Of all these five, Amazon looks weakest. Let's see why? Amazon is engaged in Internet commerce 🌐 During the pandemic, the company felt great, as many people were forced to stay at home and order goods online. However, covid ended and benefits stopped. During period of low rates, people got into loans even more strongly. Now that the key rate is >5%, it becomes very difficult to obtain and service loans. As a result, people's incomes have dropped dramatically around the world 📉 Yesterday in an interview, Bill Gates said that development of artificial intelligence will greatly change the industry of searching for information and shopping on the Internet. That is, the head of Microsoft says that because of AI, the business of Google and Amazon will not be sweet 📉 In general, such a situation does indeed take place. Therefore, in a year or two, the familiar abbreviation FAAMG may become: FAM. You can find even more profitable ideas in the profile header 🎩 If you are interested in analysis of any other asset - write in the comments and I will do it.
NASDAQ:AMZNShort
by Dorado_Crypto
BTC Up trend 3rd stage or crashing 24800 to 23600 is my target for the bottom falling from the week of 22nd to 31st high of 27800-27400. Note that the 19th of May was not the formation of a Head and shoulders as the right side of that pattern is higher and an H&S pattern right shoulder is always lower. I will wait to see confirmation of this pattern in the next week or 2. If we fall below 23600 then the uptrend is over and we could fall more 22k or 20k, all depending if Biden has to use the 14th amendment or not. In no case will the US be better off, there is no way out The great depression of 2023/24 starts June 1st. BTC will be forced to become a Currency and US law will be forced to just accept it or fall, Exactly how and why BTC was formed. The era of printing money to make only governments rich is over. We The people are rising and a new system of Blockchains will run the world. God Speed to the People!
BITSTAMP:BTCUSD
by bigfootInvestments
SPX -More upside before relevant downside for US indexesHello traders! We are still tracking a double three structure for a primary wave B to the upside on the Us indexes. In NDX the structure appears clearer in his last zigzag, and as we argued before a descending broadening wedge and a W pattern have targets above 13600. Even if the wave structure on SPX is less clear, bounce from the bottom show corrective character but bullish pattern are present with higher targets. Below the Inverse Head and Shoulder highlighted: The confluence zone that comprehends the Patterns targets, the fibo EW targets, and the volume cluster resistance is 4235-4326 for SPX and 13615-13900 for NDX. We will hold our long from 12909.1 on NDX up to the confluence zone, where we will reevaluate the price action looking for possible short setups. At the same time we will look for a macro wedge retest on VVIX: Bests GMR
SP:SPX
by GMR-Capital
USDCAD Finally is It ready for a long?On USDCAD, we have great long potential, given the strength of the dollar, which is gradually rising. There will be inflation and GDP data released this week, so we may see some dollar increases between Wednesday and Friday. In this analysis, I have identified a possible long entry point at 1.3340. Please note that this is a setup defined through the Forex48 strategy. Take Profit for a long trade will be at 1.35. Let me know what you think. Happy trading, everyone. Forex48 Trading Academy
Long
by Forex48_TradingAcademy