THELOGICALINDIAN - Stocks are aerial this morning as are some cryptos and commodities
Indeed, activity into the year there were a lot of risks but abounding of them assume to accept appear off the table by now. Sure, there’s still affluence of affidavit to be cautious, but advance consistently requires some amount of care.
Tomorrow afternoon, we’ll be discussing some of the best trading strategies and bazaar opportunities that are accident at the moment. So appear accompany me and added than 600 bodies who accept already registered in our all-access webcast for Q2, 2024.
@MatiGreenspan
eToro, Senior Market Analyst
Today’s Highlights
Stocks aerial today
Emerging Situation
Crypto Testing
Please note: All data, abstracts & graphs are accurate as of April 1st. All trading carries risk. Only accident basic you can allow to lose.
Traditional Markets
After a able abutting to Q1, the banal markets are accepting off to an accomplished alpha for Q2. The Asian affair was astounding afterwards some bigger than accepted accomplishment numbers out of China. The Europeans accept taken a able handover and are currently authoritative the best of it.
Here are three of the above banal indices. Check out that massive gap up over the weekend and assiduity this morning.
Some analytical account will appear out of the USA after today. Retail sales abstracts and accomplishment abstracts could be affecting today.
Emerging Opportunity
As we’ve been watching the bearings disentangle in Turkey, there accept been affluence of absorbing bazaar movements. The big banderole comes this morning afterwards yesterday’s elections…
As you can see, Erdogan’s affair has absent the basic of Ankara. As we write, votes are still actuality counted in Istanbul.
These abruptness after-effects are putting some burden on the Lira today. Still, if we zoom out a bit we can see that the USDTRY is still almost stable, abnormally if we accede the accident aftermost August. For now, it charcoal appealing abutting to the 200 day affective boilerplate (blue line).
Crypto testing
As we mentioned above, the crypto markets are rather active this morning. Most of the top cryptos by bazaar cap are up about 1% over the aftermost 24 hours. Of course, back it’s altseason we do accept a few that are outperforming.
Most notable is Dash, which has risen a absolute of 11.23%. Thanks in ample allotment to the weekend ramp. Dash has now abutting the few cryptos that accept added than angled in amount back the mid-December lows.
Wishing you an amazing anniversary ahead!!
Best regards,
Mati Greenspan
Senior Market Analyst
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