Top 10 cryptocurrencies by trading volume 0 (0)

<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.

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Get ahead of the game: Top 7 stocks with high option volume and market sentiment 0 (0)

<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.

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The ultimate video guide to investing in gold: How to buy and store gold like a pro 0 (0)

<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.

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Putin announces Russia will station nuclear weapons in Belarus 0 (0)

<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.

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Reminder – Europe and the UK switch to daylight saving time this weekend 0 (0)

<p>I posted this reminder on Friday, but here to is again ICYMI. Something to be aware of if you are trading European markets.</p><p>The European Union switch to daylight saving time on March 26.</p><p>As do other European countries such as Switzerland and the UK.</p><p>The clock goes forward one hour.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.

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Yellen financial stability meeting says system remains sound and resilient 0 (0)

<p>Earlier news today that Treasury Secretary Yellen was meeting with regulators offered some support for markets and hope of weekend action to shore up deposits. The initial readout was vague:</p><p>The <a target=“_blank“ href=“https://home.treasury.gov/news/press-releases/jy1367″ target=“_blank“ rel=“nofollow“>statement </a>was:</p><blockquote>Today, U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council (Council) in executive session by videoconference.During the meeting, the Council heard a presentation from staff of the <a target=“_blank“ href=“https://www.forexlive.com/terms/f/federal-reserve/“ class=“terms__main-term“ id=“0139b451-c49a-48a1-8365-838a83595a97″>Federal Reserve</a> Bank of New York on market developments. The Council discussed current conditions in the banking sector and noted that while some institutions have come under stress, the U.S. banking system remains sound and resilient. The Council also discussed ongoing efforts at member agencies to monitor financial developments.</blockquote><p>Separately, the US announced that bank deposits only fell to $17.5T from $17.6T in the week ending March 15. Next week’s data will be more telling and some of this is money moving from small banks to big ones but there doesn’t look to be a broad run here.</p>

This article was written by Adam Button at www.forexlive.com.

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US stocks closed higher for the day and for the week 0 (0)

<p>The major US stock indices are closing higher for the day, and higher for the week. For the trading year, the Dow industrial average is still down on the year but the S&amp;P and the NASDAQ index are positive</p><p>A snapshot of the closing levels for the day shows:</p><ul><li>Dow industrial average up 132.28 points or 0.41% at 32237.54. At intraday lows, the index was down -300.08 points</li><li>S&amp;P index up 22.27 points or 0.56% at 3970.98. At intraday lows, the S&amp;P index was down -39.55 points</li><li>NASDAQ index up 36.57 points or 0.31% at 11823.97. Intraday lows reached -116.73 points.</li><li>The Russell 2000 up 14.63 points or 0.85% at 1734.92. The low for the day was down -25.05 points</li></ul><p>For the trading week,</p><ul><li>Dow industrial average rose 1.18%</li><li>S&amp;P index rose 1.39%</li><li>NASDAQ index rose 1.66%</li><li>Russell 2000 rose 0.52%</li></ul><p>For the trading year, the Dow industrial average remains negative, while the S&amp;P index in the NASDAQ index are higher.</p><ul><li>Dow industrial average is a down -2.74%</li><li>S&amp;P index is up 3.42%</li><li>NASDAQ index is up 12.97%</li></ul><p>How did the S&amp;P components do this week? The gains were led by communication services up 3.4 point percent. Real estate fell -1.38% and utilities fell -1.2%. Despite all the financial concerns this week, the financial component rose 0.58%. The regional bank index was also higher by 0.18%. That index rose 3.03% today pushing the price back into positive territory for the week.</p><ul><li>Consumer discretionary, +0.44%</li><li>Energy +2.29%.</li><li>Consumer Staples +1.43%.</li><li>Healthcare +1.49%.</li><li>Industrials +0.67%</li><li>Information technology +2.04%.</li><li>Materials +2.12%.</li><li>Real estate -1.38%.</li><li>Communication services +3.41%.</li><li>Utilities -1.2%.</li><li>Financials +0.58%</li></ul><p>For the trading year:</p><ul><li>Consumer discretionary, +9.65%</li><li>Energy -11.05% </li><li>Consumer Staples -2.28%</li><li>Healthcare -6.38%.</li><li>Industrials -1.31%</li><li>Information technology +17.49%</li><li>Materials -1.13%</li><li>Real estate -3.92%</li><li>Communication services 18.46%</li><li>Utilities -6.87%</li><li>Financials -9.43%</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.

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Forexlive Americas FX news wrap: Bullard, Bostic, Barkin then a bounce 0 (0)

<ul><li><a target=“_blank“ href=“https://www.forexlive.com/news/sp-global-marchus-services-pmi-538-vs-505-expected-20230324/“>S&amp;P Global March flash US services PMI 53.8 vs 50.5 expected</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/canada-retail-sales-for-january-14-versus-07-estimate-20230324/“>Canada retail sales for January 1.4% versus 0.7% estimate</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/us-february-durable-goods-orders-10-vs-06-expected-20230324/“>US February durable goods orders -1.0% vs +0.6% expected</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/feds-bullard-sees-80-chance-financial-stress-abates-20230324/“>Fed’s Bullard: Sees 80% chance financial stress abates</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/feds-bullard-inflation-remains-too-high-macro-data-stronger-than-expected-20230324/“>Fed’s Bullard: Inflation remains too high, macro data ’stronger than expected'</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/fed-barkin-the-case-for-raising-rates-this-week-was-pretty-clear-20230324/“>Fed Barkin: The case for raising rates this week was pretty clear</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/feds-bostic-fed-rate-rise-was-not-an-easy-decision-20230324/“>Fed’s Bostic: Fed rate rise was not an easy decision</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/baker-hughes-us-oil-rig-count-4-20230324/“>Baker Hughes US oil rig count +4</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/atlanta-fed-q1-gdpnow-tracker-32-vs-32-prior-20230324/“>Atlanta Fed Q1 GDPNow tracker 3.2% vs 3.2% prior</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/boes-mann-i-voted-for-25-bps-partly-because-inflation-expectations-began-to-moderate-20230324/“>BOE’s Mann: I voted for 25 bps partly because inflation expectations began to moderate</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/yellen-convenes-private-meeting-of-financial-stabilty-oversight-council-20230324/“>Yellen convenes private meeting of financial stabilty oversight council</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/ecbs-lagarde-told-eu-leaders-ecb-fully-equipped-to-provide-liquidity-to-financial-system-20230324/“>ECB’s Lagarde told EU leaders ECB fully equipped to provide liquidity to financial system</a></li></ul><p>Markets:</p><ul><li>Gold down $14 to $1979</li><li>US 10-year yield down 2.8 bps to 3.37%</li><li>WTI crude oil down 64 cents to $69.32</li><li>S&amp;P 500 up 22 points to 3971. On the week up 1.4%</li><li>JPY leads, NZD lags</li></ul><p>The mood was poor at the start of North American trade as banking worries — particularly Deutsche Bank — haunted the market. US regional stocks were also under pressure and bonds had a strong bid. That had led to US dollar and yen buying as safe havens as US 2-year yields hit now post-SVB lows.</p><p>The mood changed as Fed speakers and data rolled out. The PMIs in particular were a reminder that the bulk of US economic data has surprised to the upside this year and there are no concrete signs of a slowdown; if anything it’s the opposite.</p><p>That led to some selling in bonds and the dollar began to slowly pare gains ex-JPY. Equities turned more decisively later in the day as they followed regional bank shares once again. News that Yellen was meeting with regulators was well-received but might have also stoked expectations of weekend action. That could lead to disappointment on Monday if nothing unfolds.</p><p>Overall, it was a volatile week and there won’t be too many people disappointed to see the weekend arrive. The machinations of Fed week and non-stop banking news leave the market needing an opportunity to digest.</p><p>The weekly charts show some nice progress for the yen but it stalled today and began to reverse. That’s where the focus is going to remain.</p>

This article was written by Adam Button at www.forexlive.com.

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Major US indices move into positive territory 0 (0)

<p>Some late day buying is pushing the major indices to new highs for the day. They are also moving into positive territory.</p><p>A snapshot of the market currently shows:</p><ul><li>Dow industrial average up 119 points or 0.37% at 32223.86</li><li>S&amp;P index of 20.29 points or 0.51% at 3969</li><li>NASDAQ index up 34.49 points or 0.29% at 11821.40</li></ul><p>The S&amp;P index has moved back above its 100 hour moving average currently at 3944.60. It’s a 200 hour moving average looms up above at 3988.32.</p><p>Looking at the NASDAQ index, the low price today stalled against the low price from Wednesday’s trade. On Monday, the price traded above and below the 200 hour moving average to start the day, but closed above that level and remained above both the 100 and 200 hour moving averages at 11569.42 and 11600.91. It would take a move below both next week to increase the bearish bias. Until then the buyers are more in control.</p>

This article was written by Greg Michalowski at www.forexlive.com.

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USD/JPY Technical Analysis 0 (0)

<p class=“MsoNormal“>On the daily chart below, we can
see that the pair keeps on falling pretty hard as Treasury yields keep sagging
due to the market pricing in the end of the Fed hiking cycle and several rate
cuts this year. This fast repricing was caused by the recent banking woes
around the regional banks. </p><p class=“MsoNormal“>The <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-moving-averages-20220425/“>moving
averages</a> have crossed to the downside indicating a downtrend. The price though
is a bit overextended now, as we can see from the distance between the price
and the blue short term period moving average, which is generally a sign of a
looming pullback. </p><p class=“MsoNormal“>USD/JPY technical analysis</p><p class=“MsoNormal“>On the 4 hour chart below, we can
see that the market is trading within a downward channel. We can also see that
the price is <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-divergence-20220429/“>diverging</a> with the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-macd-20220427/“>MACD</a> which is another sign of a
possible pullback as the selling momentum gets weaker. It’s hard to envision a
pullback without good US economic data though. Today we have the <a target=“_blank“ href=“https://www.forexlive.com/EconomicCalendar“>US PMIs</a> and we should see the price
rallying in case the data beat expectations and falling in case the data
misses.</p><p class=“MsoNormal“>On the 1 hour chart below, we
have a <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-trendlines-20220406/“>trendline</a> that defines the current trend.
The buyers will need a break above it to target the top of the channel, while
the sellers will try to lean on it with the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-confluence-20220318/“>confluence</a> of the red long period moving
average as their first try for new shorts. </p>

This article was written by ForexLive at www.forexlive.com.

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