BTC-USDT

Signal : BUY BTCUSDT

Exchange : Binance

Asset : BTCUSDT

Margin : Isolated X5

Risk : 5%

Entry Price : 38175

Stop Loss : 37537

Take Profit : 41444

Status : ACTIVE

This information does not constitute investment advice.

Cryptocurrency Essentials webinar series 05.05.2022

What is a cross-blockchain transfer? What is the virtual Metaverse built on the Ethereum blockchain? Join the Cryptocurrency Essentials webinar this week, to learn about Polkadot (DOT) and Sandbox (SAND). Hosted by our financial educational partner, the Corellian Academy Learn everything you need to know to make your mark in the cryptocurrency market.

Topics to be covered this week:

• An up-to-date overview of Polkadot (DOT) its growing interest, and value
• Digital currencies Corellian is focusing on this week, with key chart levels, and technical analysis
• Learn how to adapt your trading strategy to trail a stop loss
• A preview of the emerging cryptocurrency, Sandbox (SAND) and the reasons why Corellian is watching it
• Real-time market analysis, with a focus on the upcoming week
• Live Q&A with the cryptocurrency experts at Corellian

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When is it? Thursday 5th May 2022 | 7 PM AEST (10 AM BST)

How long is it? 40 minutes

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This presentation is for information and learning purposes only. Nothing herein shall be construed as an invitation to pursue investment services, an invitation to enter into a transaction and/or investment advice, or a recommendation.

Live Market Update Webinar with Andrew Lockwood

Join Andrew Lockwood, head coach, and mentor at ForexSignals.com, as he takes over our Trade Zone guest analyst post for the month of May. Register for this exclusive and free webinar to help you plan your next trade in real-time, as Andrew looks ahead at all the potential trading opportunities available as the weekend approaches. 

Today's webinar will cover:

• Live updates brought to you by an experienced market expert
• Find out what assets Andrew is watching from Indices, Forex, and Futures heading into the weekend
• Ask any trade-related questions you may have about the markets covered, at the end of the session Live Q&A

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When is it? Wednesday 4th May 2022 | 7 PM AEST (10 AM BST)

How long is it? 30 minutes

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This presentation is for information and learning purposes only. Nothing herein shall be construed as an invitation to pursue investment services, an invitation to enter into a transaction and/or investment advice, or a recommendation.

Elliott Wave trading idea for S&P500 and Dow Jones - Correction

Hello traders and investors. I am Radi Valov, a professional trader and today I would like to reconsider my Elliott Wave analysis of US indices.

Anyone who wants to trace my previous analysis of US indices and get more info and see longer time frames can see them below:

21.04.2022: Elliott Wave trading idea for S&P500 and Dow Jones - Easter holidays

21.03.2022: Elliott Wave trade idea for S&P500 and Dow Jones UPDATE

09.03.2020: Elliot Waves trading idea for S&P500 and Dow Jones UPDATE

25.02.2022: Elliot Waves trading idea for SP500 DowJones and Nasdaq 

15.02.2022: Elliot waves trading idea for SP500 and the Dow Jones 

04.02.2022: Elliott waves signal for S&P500  

31.01.2022: Elliott waves signals for SP500 and Dow Jones

In my previous analyzes, I considered the correction for wave 4 to be complete, and according to my preferential analysis, wave 5 was developing. However, after last week's collapse, this bullish scenario is invalid and it is appropriate to return to the larger time frames and consider the possible alternatives that this failure has unlocked. Let's start with the biggest chart.

We are at the absolute end of the 3rd wave and it is likely that it ended with the historic peak in January this year. This means that a new downward cycle of a very, very large order is beginning, which will develop in the coming decades.

Let's move slowly to the present day. First the 20th century.

If the last fifth wave is complete, the correction that will develop is aimed at correcting the entire rise that you see in the charts above. In practice, this is the entire growth of US indices.

According to this bearish scenario, the beginning of this correction may have already begun and my expectations are for such a development.

S&P500-Weekly Chart

At the moment, for me, the bullish scenario remains only as an alternative.

S&P500-Daily Chart

According to him, wave 4 is not over yet and is developing as a flat or zigzag correction. Possible targets for the end of this correction or the end of wave A / W in the already preferential bearish scenario are the area around 4030-3900 for S&P 500 and about 31,000 for Dow Jones.

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All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partner's prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may read it. Past performance is not a reliable indicator of future performance.

Germany relies heavily on Russian energy imports and had opposed a full ban

US stock market: Wall Street ended sharply higher yesterday after a strong quarterly report from Meta Platforms lifted beaten-down technology and growth stocks and offset worries about the U.S. economy's contraction in the first quarter. The Facebook parent surged 17.6% after the social network reported a larger-than-expected profit and rebounded from a drop in users. 

Communication services and technology were among the strongest of 11 S&P 500 sector indexes, jumping 4.04% and 3.89%, respectively. Apple Inc., the world's most valuable company, and e-commerce giant Amazon.com Inc. both rallied more than 4% ahead of their quarterly reports later in the day. Investors have been dumping high growth stocks for weeks, due to worries about inflation, rising interest rates and a potential economic slowdown. Even with yesterday's strong gain, the tech-heavy NASDAQ was down almost 10% in the month of April, on track for its deepest one-month decline since March 2020.

Economic Calendar

Dow Jones Industrial Average

The Dow Jones Industrial Average gained 1.85%. The biggest gainers of the session on the Dow Jones Industrial Average were Salesforce.com Inc., which rose 6.33% or 11.06 points to trade at 185.74 at the close. Merck & Company Inc. added 4.94% or 4.17 points to end at 88.58 and Nike Inc. was up 4.79% or 5.81 points to 127.05 in late trade. The biggest losers included Amgen Inc., which lost 4.28% or 10.66 points to trade at 238.13 in late trade. Caterpillar Inc. declined 0.71% or 1.52 points to end at 212.44 and Boeing Co shed 0.16% or 0.24 points to 154.22.

NASDAQ 10

The NASDAQ index gained 3.06%. The top performers on the NASDAQ Composite were T Stamp Inc. which rose 123.81% to 4.70, Statera Biopharma Inc. which was up 81.87% to settle at 0.38 and Swvl Holdings Corp which gained 50.15% to close at 10.09. The worst performers were Sio Gene Therapies Inc. which was down 48.57% to 0.31 in late trade, BIOLASE Inc. which lost 34.20% to settle at 0.20 and Limelight Networks Inc. which was down 25.06% to 3.38 at the close.

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Oil price - Crude Oil market, Brent Oil market

Oil settled higher on the increased likelihood that Germany will join other EU member states in an embargo on Russian oil, which could further tighten supplies in the already stressed global crude market. Traders were reacting to media reports of comments from the German Economy Minister, who said the EU's largest economy could cope with an EU embargo on Russian oil imports and Germany hoped to find ways to replace Russian oil with other supplies.

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Germany relies heavily on Russian energy imports and had opposed a full ban. Before the war in Ukraine, Russian oil accounted for about a third of Germany's supply. A month ago, Habeck said the country had reduced its dependence on Russian oil to 25% of imports. Moscow has started to use energy exports as a cudgel following the response by the United States and its allies over Russia's invasion of Ukraine. Russia has cut off the gas supply to Poland and Bulgaria and is trying to push the EU to adopt its new gas payments system that involves opening accounts at Gazprombank where payments in euros or dollars would be converted into roubles.

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Precious and Base Metals - Gold price, Silver price, Palladium price

Gold prices lingered close to a 10-week trough yesterday, hurt by a robust dollar and expectations of faster U.S rate hikes. Spot gold was up 0.3% at $1,890.90. It hit its lowest level since Feb. 17 at $1,871.81 earlier in the session. U.S gold futures settled up 0.1% at $1,891.30. There is a slight uptick in prices as we are currently seeing some short coverings after the recent losses.

Shorter-term speculators are taking some profits on their short positions. It has lately been more downside for gold as the U.S dollar index hits highs and bond yields rise. The economy remains in pretty good shape and inflation needs to be brought under control. The dollar index rallied on Thursday to its highest level since December 2002 amid widespread weakness in its major rivals. 

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With the Fed seeing hiking interest rate by 50 basis points and possibly 75 basis points in the next two meetings after May 4, the dollar is going to remain in demand. It's very difficult to be bullish on gold at the moment. Gold has declined about 2.7% this month, which could be its biggest monthly fall since September, on expectations of an aggressive monetary policy tightening by the U.S. Federal Reserve and a stronger dollar. Rapid rate hikes will increase the opportunity cost of holding nonyielding bullion. 

The U.S. economy contracted in the first quarter amid a resurgence in COVID-19 cases and a drop in pandemic relief from the government. Meanwhile, weekly jobless claims fell from 5,000 to 180,000. In other metals, spot silver fell 0.8% to $23.10 per ounce, having hit its lowest level since Feb. 11. Platinum rose 0.3% to $919.92 per ounce and palladium gained 1.1% to $2,227.15. Copper prices touched the lowest in nearly three months yesterday after US economic growth unexpectedly went into the red, fueling fears about weaker global growth knocking metals demand.

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Traditional Agricultures - Corn futures, Wheat futures,  Soybean futures

Corn futures rose yesterday, briefly hitting a fresh 10- year high, on forecasts for more showers that will further delay planting in the rain-soaked Midwest. Soybean futures eased, with traders noting that the slow pace of corn planting could cause an uptick in soybean acres as the calendar rolls past the ideal seeding date for corn. Wheat futures also were firm.

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All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partner's prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may read it. Past performance is not a reliable indicator of future performance.

The weak yen helped to catapult the dollar to its highest level since 2002

• Bank of Japan doubled down on its dovish policy, sending the yen to its weakest level since 2002
• The euro hit a five-year low on growth concerns for the region
• The Fed is expected to raise rates by 50 basis points when it concludes its two-day meeting

Forex market 

The dollar hit a 20-year high against rivals yesterday as the Bank of Japan doubled down on its dovish policy, sending the yen to its weakest level since 2002, while the euro hit a five-year low on growth concerns for the region. The dollar shot past the key level of 130 yen after the BOJ strengthened its commitment to keep interest rates ultra-low by vowing to buy unlimited amounts of bonds daily to defend its yield target. 

The BOJ gave the 'all clear to continue selling the yen. There had been some market speculation the BOJ might step back a little given the pressure building across foreign exchange markets. A finance ministry official responded that Japan will take appropriate action in currency markets, calling recent moves "extremely worrying."

Economic Calendar

The weak yen helped to catapult the dollar to its highest level since December 2002 against a basket of currencies. The greenback has benefited from expectations the Federal Reserve will hike rates faster than peers, which would likely expand the yield gap between the U.S and Japanese government bonds. The Fed is expected to raise rates by 50 basis points when it concludes its two-day meeting on Wednesday. Aggressive increases are likely to follow at subsequent meetings, with fed fund futures traders pricing for the Fed's benchmark rate to rise to 2.73% by year-end, from 0.33% now. 

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The greenback pared gains after data showed U.S economic growth unexpectedly contracted in the first quarter as a resurgence in COVID-19 cases disrupted activity. The euro dropped below the key psychological level of $1.05 as investors remained nervous about Russia cutting off gas to parts of the region for refusing to pay in roubles. 

The European Commission today warned buyers of Russian gas they could breach sanctions if they converted gas payments into roubles, as officials struggled to clarify the EU's stance on Moscow's payments scheme, which has sowed confusion in the bloc.

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Euro-EUR

The single currency weakened yesterday on growth concerns after Russia cut off gas supplies to two eastern European nations. The dollar has gained on expectations that the U.S central bank will be more hawkish than its peers. The Fed is expected to increase rates by 50 basis points at its May 3-4 meeting as well as in June and July. Overall, the EUR/USD traded with a low of 1.0469 and a high of 1.0563 before closing the day around 1.0497 in the New York session.

Japanese Yen-JPY

The Japanese Yen fell against the U.S dollar after the Bank of Japan (BOJ) doubled down on its super-low yield policy. There had been some market speculation the BOJ might step back a little given inflation was rising and other major central banks were tightening, but it showed no hesitation. The yen is not being ignored, but it is mostly a side effect of the BOJ. Overall, the USD/JPY traded with a low of 128.32 and a high of 131.23 before closing the day around 130.82 in the U.S session.

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British Pound-GBP

The British Pound edged higher today but was still trading near a 21-month low against a buoyant U.S dollar that has hit multi-year peaks against both the Japanese yen and euro. Expectations of aggressive Fed tightening this year have pushed yields on U.S 10-year notes around 45 basis points this month, in turn sending the dollar index to a five-year high. Overall, the GBP/USD traded with a low of 1.2409 and a high of 1.2568 before closing the day at 1.2455 in the New York session.

Canadian Dollar-CAD

The Canadian Dollar was little changed against its U.S. counterpart holding near its weakest level in more than six weeks, as investors grew more worried that Europe's economy could tip into recession. Risk aversion is the primary driver of the Canadian dollar right now. The price of oil, one of Canada's major exports, settled 0.3% higher at $102.02 a barrel. Overall, USD/CAD traded with a low of 1.2788 and a high of 1.2877 before closing the day at 1.2805 in the New York session.

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Australian Dollar-AUD

The Australian Dollar was on the ropes today as worries about a recession in Europe and a slowdown in China engulfed risky assets and overwhelmed the promise of rising interest rates at home. Adding to the pressure was a decision by the Bank of Japan (BOJ) to reaffirm its super-easy policy, which sparked a rush from the yen to the U.S dollar and lifted the latter across the board. Overall, AUD/USD traded with a low of 0.7358 and a high of 0.7416 before closing the day at 0.7410 in the New York session.

Euro-Yen EUR/JPY

EUR/JPY is trading above 14, 50 and 100 days moving average. Fast stochastic is giving a bullish tone and MACD is also issuing a bullish stance. The Relative Strength Index is above 61 and lies above the neutral zone. In general, the pair has gained 1.25%.

Sterling-Yen GBP/JPY

Currently, GBP/JPY is trading above 14, 50 and 100 days moving average. Fast stochastic is issuing a bullish tone and MACD is also indicating a bullish stance. The Relative Strength Index is above 60 reading and lies above the neutral zone. On the whole, the pair has gained 1.16%.

Aussie-Yen AUD/JPY

Currently, the cross is trading above 14, 50 and 100 days moving average. Fast stochastic is giving a bullish tone and MACD is also indicating a bullish stance. The Relative Strength Index is above 76 reading and lies above the neutral region. In general, the pair has gained 1.45%.

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Euro-Sterling EUR/GBP

This cross is currently trading above 14, 50 and below 100 days moving average. Fast stochastic is indicating a bullish tone and MACD is also issuing a bullish signal. The Relative Strength Index is above 53 and lies below the neutral region. Overall, the pair has gained 0.12%.

Sterling-Swiss GBP/CHF

This cross is trading below 14, 50 and 100 days moving average. Fast stochastic is issuing a bearish stance and MACD is also indicating a bearish tone. The Relative Strength Index is above 45 and lies below the neutral region. In general, the pair has lost 0.42%.

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All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partner's prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may read it. Past performance is not a reliable indicator of future performance.