It appears a certain group of ETFs is gaining popularity as a way to cushion financial system upheaval.
Archiv für den Monat: März 2023
Japanese Yen Weekly Outlook: Dollar Weakness Will Remain Key Driver
The Japanese Yen has benefitted more than most from Dollar weakness as markets reassess Fed Policy
GBP/USD Forecast: Pound Loses Steam While USD Remains on High Alert
GBP/USD is trading at a critical juncture around Fibonacci resistance. As the Fed adopts a more dovish tone, the Pound remains constrained by escalating price pressures.
Top 10 cryptocurrencies by trading volume
<p class=“text-align-start“>If you’re a crypto investor, you probably know which are the top coins. But as crypto market is raising its head again, some investors revisiting crypto would appreciate a recap of the current options beyond the major assets (BTC and ETH). It’s important to stay on top of the coins with the highest trading volumes. Here are the top 10 cryptocurrencies by trading volume, along with some key information that investors should keep in mind:</p><ol><li><p>Bitcoin (BTC): With a market cap of over $532 billion, Bitcoin remains the largest and most widely recognized cryptocurrency. Its price has risen 19.17% over the past 30 days, and it currently has a 24-hour trading volume of over $14.8 billion.</p></li><li><p>Ethereum (ETH): Ethereum is the second-largest cryptocurrency by market cap, currently valued at over $213 billion. Its price has risen 9.47% over the past 30 days, and it has a 24-hour trading volume of over $7.1 billion.</p></li><li><p>Tether (USDT): Tether is a stablecoin that is designed to maintain a 1:1 peg with the US dollar. Its market cap is over $79 billion, and it has a 24-hour trading volume of almost $24 billion.</p></li><li><p>Binance Coin (BNB): Binance Coin is the native token of the Binance exchange. It has a market cap of over $51 billion and a 24-hour trading volume of almost $380 million.</p></li><li><p>USD Coin (USDC): USD Coin is another stablecoin that is pegged to the US dollar. Its market cap is over $33 billion, and it has a 24-hour trading volume of almost $4 billion.</p></li><li><p>XRP: XRP is the native token of the Ripple payment protocol. It has a market cap of over $23 billion, and its price has risen over 20% in the past 7 days. Its 24-hour trading volume is over $1.6 billion.</p></li><li><p>Cardano (ADA): Cardano is a third-generation blockchain platform that aims to provide a more efficient and sustainable alternative to existing blockchains. Its market cap is over $12 billion, and it has a 24-hour trading volume of over $209 million.</p></li><li><p>Dogecoin (DOGE): Dogecoin is a meme-inspired cryptocurrency that has become a favorite of many retail investors. Its market cap is over $9 billion, and it has a 24-hour trading volume of over $288 million.</p></li><li><p>Polygon (MATIC): Polygon is a Layer 2 scaling solution for Ethereum that aims to improve its speed and scalability. Its market cap is over $9 billion, and it has a 24-hour trading volume of over $341 million.</p></li><li><p>Binance USD (BUSD): Binance USD is another stablecoin that is pegged to the US dollar. Its market cap is over $8 billion, and it has a 24-hour trading volume of almost $3 billion.</p></li></ol><p>BTCUSD technical analysis snapshot: Buyers might need to be careful here (and wait for a dip?)</p><p>As Bitcoin’s price rises and approaches the 20EMA, buyers should exercise caution. The 20EMA is a popular technical indicator used to track a security’s price trend, and it can act as resistance or support for the price. When Bitcoin has gone up almost 90% since November 2022, and reached the 20EMA on the monthly timeframe, there is a possibility that profit takers are waiting to sell their positions, causing a price reversal or consolidation. Buyers should be aware of this possibility and carefully monitor price movements around the 20EMA to avoid buying at the top of a rally and potentially losing money in a market correction.</p><p class=“text-align-start“>Keep in mind that trading volume alone is far from being the only indicator of a coin’s value or future prospects. Investors should always do their due diligence and consider factors such as <a target=“_blank“ href=“https://www.forexlive.com/technical-analysis“>technical analysis</a> before making any investment decisions.</p>
This article was written by Itai Levitan at www.forexlive.com.
Get ahead of the game: Top 7 stocks with high option volume and market sentiment
<p class=“text-align-start“>Option trading is a complex strategy that requires careful analysis of various factors to predict the movement of a stock’s price. One such factor is market sentiment, which is the overall feeling among investors about a particular stock. This sentiment can be bullish (positive) or bearish (negative), and it often affects the option volume of a stock.</p><p>We’ve compiled a list of seven stocks that are worth considering for option traders and stock investors. Each of these stocks has high option volume, which suggests that they are in demand among traders. Moreover, we’ve analyzed their market sentiment, stock price, catalyst events, and volatility to give you a better idea of their potential.</p><ol class=“text-align-start“><li><p>Bank of America (BAC) – This stock has a high option volume of 267,869, and the market sentiment is bullish. Its net delta is 725k, which means that more traders are betting on its rise than fall. The stock price is currently at $27.14, with a 0.6% increase. Upcoming earnings event is on April 18, 2023, and its IV % Rank is at 98%.</p></li><li><p>Netflix (NFLX) – Although this stock has a high option volume of 271,202, the market sentiment is bearish. The net delta is -69k, which indicates that traders are more inclined to short the stock. The stock price is at $328.39, with a 2.5% increase. Upcoming earnings event is on April 18, 2023, and its IV % Rank is at 66%.</p></li><li><p>Wells Fargo (WFC) – With a high option volume of 94,091, this stock has a bullish market sentiment. Its net delta is 90k, which suggests that traders are more optimistic about its rise. The stock price is at $36.23, with a 1% decrease. Upcoming earnings event is on April 14, 2023, and its IV % Rank is at 97%.</p></li><li><p>JPMorgan Chase (JPM) – This stock has a high option volume of 99,901, but the market sentiment is bearish. The net delta is -74k, which means more traders are betting on its fall than rise. The stock price is at $124.91, with a 1.5% decrease. Upcoming earnings event is on April 14, 2023, and its IV % Rank is at 89%.</p></li><li><p>Abbvie (ABBV) – Although this stock has a high option volume of 26,525, the market sentiment is bearish. Its net delta is -457k, which suggests that traders are more inclined to short the stock. The stock price is at $158.02, with a 1.8% increase. Upcoming earnings event is on February 9, 2023, and its IV % Rank is at 10%.</p></li><li><p>Accenture PLC (ACN) – With a high option volume of 4,529, this stock has a bearish market sentiment. Its net delta is -53k, which indicates that traders are more pessimistic about its rise. The stock price is at $272.00, with a 0.1% increase. Upcoming earnings event is on March 23, 2023, and its IV % Rank is at 28%.</p></li><li><p>Novartis AG (NVS) – This stock has a high option volume of 3,117, but the market sentiment is bearish. Its net delta is -148k, which means that traders are more inclined to short the stock.</p></li></ol><p>Trade at your own risk and visit <a target=“_blank“ href=“www.forexlive.com“>ForexLive.com</a> for additional views.</p>
This article was written by Itai Levitan at www.forexlive.com.
The ultimate video guide to investing in gold: How to buy and store gold like a pro
<p>Video: How to invest in gold by buying real gold coins</p><p>If you’re thinking about buying gold as an investment, there are a few things you should know beforehand. This great video covers all you need to know about buying gold or silver without making costly blunders.</p><p>To begin, while purchasing gold, you should concentrate on the most popular sort of gold – government-backed bullion coins. Because these investment-grade coins have no numismatic or collector value, you pay for the gold content plus a modest premium above the current price of gold.</p><p>The American Gold Eagle, which comes in four sizes, is the most popular gold coin in the United States. We recommend that first-time gold buyers start with a one-ounce piece. This coin has a face value of $50 and contains one full ounce of gold. Another popular alternative is the American Buffalo, but because it is a 24 carat gold coin, it must be handled with care.</p><p>When purchasing gold coins, you should consider the spot price of gold, the premium, and sales tax. A fast Internet search will yield the current spot price, which will change. For one-ounce gold coins, the premium is normally around 5%, and sales tax is rarely applicable.</p><p>Gold coins may be purchased safely from local coin shops or internet bullion dealers. Local coin stores usually provide the greatest pricing, but their range is restricted and the coins may be secondary market. Internet dealers are normally more expensive, but you will be able to shop and compare before making a buy.</p><p>When it comes to gold storage, store your coins in capsules or tubes and keep them in a personal safe or safe deposit box. Handle gold with caution since it is easily damaged and dented.</p><p>In conclusion, when purchasing gold as an investment, adhere to the most popular government-backed bullion coins, keep the spot price, premium, and sales tax in mind, and consider storing your gold in a secure location. With these guidelines in mind, you’ll be able to buy gold with confidence and maybe even have some fun with it.</p>
This article was written by Itai Levitan at www.forexlive.com.
Putin announces Russia will station nuclear weapons in Belarus
<p>Russia will station tactical nuclear weapons in its neighbouring puppet state of Belarus.</p><p>Putin announced the move on Saturday</p><ul><li>tactical nuclear weapons</li><li>gave no indication of when the weapons will be moved</li></ul><p>A US official reacted with caution, reiterating that the US remained „committed to the collective defense of the NATO alliance“. Belarus borders three NATO member countries; Poland, Lithuania and Latvia.</p><p>Info via <a target=“_blank“ href=“https://www.reuters.com/world/europe/putin-says-moscow-has-deal-with-belarus-station-nuclear-weapons-there-tass-2023-03-25/“ target=“_blank“ rel=“nofollow“>Reuters</a></p><p>—</p><p>This is a significant escalation from Putin. Markets are currently focused on other matters, the banking crisis and central banks‘ response to high inflation (ICYM these, but I’m sure you haven’t!) amongst them, but this is hardly a positive input. </p>
This article was written by Eamonn Sheridan at www.forexlive.com.