SATURDAY, APRIL 3rd Markets Review

SATURDAY, APRIL 3rd

Stocks move higher again on Thursday, backed by President Biden’s $2 trillion infrastructure spending plan. However, the plan has already received harsh criticism from both sides of the Washington fence, making its passage unlikely. Despite the S&P 500 rising more than 1.0% at its highest point of the day, the real action came in tech. The tech-heavy NASDAQ Composite, which has been lagging the market in recent months, advanced more than 1.5% to set a new three-week high.

Investors will take a look at the economic data next week since the National Employment Statistics report is expected to show US economy has created 700,000 new jobs in March. Subsequent week earnings will come back in focus with the first reports of the Q1 season. The analysts have been raising their targets, so expectations are high.


THURSDAY, APRIL 1st

Following the release of President Biden’s infrastructure spending plan, the equity markets extended recent gains and reached new all-time highs on Wednesday. A bill worth upwards of $2 trillion includes a tax increase that Wall Street expected to fund the plan within 15 years despite the idea of higher taxes. Despite the higher taxes, the news could turn into a news event that is easy to sell.

Other news includes solid economic data, which points toward a robust Nonfarm Payrolls report on Friday. ADP’s Employment report released on Wednesday shows that the number of new jobs increased by over 500,000 in March and was matched by a similar reading on Chicago PMI, which rose 7 points to surpass consensus estimates by 6 points and surge to its highest level since 2017.


WEDNESDAY, MARCH 31st Markets Review

A rising 10-year Treasury note yield now signals both an improvement in the economy and tightening Fed’s policy. Traders struggled to assess the conflicting signals arising from rising interest rates as the stock market pulled back from recent highs. Following the fact fundamentals have changed, investors are dumping their rate-averse growth stocks favouring higher-yielding blue-chip stocks and dividend-growth companies.

Data from Tuesday, including a look at consumer confidence:
It increased by 19 points in the most recent survey, 13 points more than expected, pointing to a strong spring season. On the other hand, investors are eagerly awaiting details regarding a multi-trillion dollar infrastructure plan that is sure to be accompanied by tax increases.


The Dow Jones Industrial Average closed at an all-time high on Friday.

The Dow Jones Industrial Average reached all-time highs on Friday.

As investors rallied behind a successful economic reopening amid Covid-19, the Dow and the broader U.S. stock market ended the week on a positive note.

Among Wall Street’s major averages, the Dow Jones Industrial Average climbed 1.4% while the S&P 500 Index advanced 1.7%. The Nasdaq Composite increased 1.2%.

The Dow increased 1.2% for the week, the S&P 500 rose 1.6%, and the Nasdaq ended 0.6% lower.

On Friday, the CBOE VIX Volatility Index, commonly known as the VIX, declined 4.8% to settle at 18.86 on a scale of 1-100, where 20 represents the historical average. For the week, the “fear index” declined 10%.

As of Friday, 100 million doses of Covid-19 vaccinations used, and President Biden set a new target of 200 million doses within the first 100 days in his presidency.

According to economic data, building permits fell 3.8% last month, with construction permits declining by 3.4%. Orders for durable goods declined 1.1%. Nondefense Capital Goods Orders excluding aircraft declined 0.8%.

Additionally, initial jobless claims dropped to 684,400 from 727,000 last week.


The three most promising dating app stocks for investors

I enjoy the fact that Valentine’s Day is fast approaching, so investors might want to take a moment to reflect on how technology has advanced over the past few years and how that can help the dating services market, in general, in the future. Revenue from the dating services market will reach $7.7 billion in 2021 and keep growing at an annual rate of 8.6% annually by 2024. Naturally, several companies will benefit from this growth, which could present great long-term investing opportunities.

Technology like artificial intelligence and machine learning can continue to advance dating applications in the future. There are many compelling reasons to invest in dating app stocks at this time, which is why we have decided to put together a list of 3 dating app stocks investors can get excited about right now.

Bumble (NASDAQ: BMBL)
The newest dating app stock on which investors should keep an eye is Bumble. The company went public earlier this week, rallying over 63% on its first day of trading. Bumble’s dating app will empower women to initiate contact with their matches. The Bumble product portfolio is rounded out by friendship and networking applications, and the dating app gives the company a wide range of growth opportunities.

Experts estimate that Bumble will have 12 million active monthly users in September 2020, including an average of 2.4 million paying users. In 2020, Bumble generated $416.6 million, which represents a considerable increase year-over-year. Investors should probably hold off for a few weeks before buying shares since the company doesn’t have much of price history, but on the plus side, it’s a dating app stock that’s worth holding.

Match Group (NASDAQ: MTCH)
the number 1 downloaded dating app on the web, look no further than Match Group. The Tinder app was growing at an astounding pace in FY 2020 and delivered $1.4 billion in revenue, representing a year-over-year increase of 18%. In addition to Tinder, Match Group has its dating app network with such well-known platforms as Match, OkCupid, and PlentyOfFish. Match Group owns and operates dating apps in over 40 countries worldwide.

In Q4 2018, total revenue was up 19%, and adjusted EBITDA grew 15% to $897 million. If you want to invest, make sure you check out Match Group stock.

Momo (NASDAQ: MOMO)
Besides, Momo is an excellent option since it’s one of China’s most popular dating apps. The company operates a mobile social entertainment platform called Momo that is mainly used for dating and owns Tantan, a dating app geared toward younger users. Both of the apps rank among the most widely used in China.

Momo stock sold off hard during the onset of the pandemic and hasn’t quite recovered yet, meaning that it offers decent upside at this time. However, the company recently reported a year-over-year decrease in Q3 net revenues of 15.4% to $554.8 million. Monthly active users are also on the decline, and the company’s management expects another drop in Q4 net income due to the pandemic’s impacts. With that said, the stock is up 46% year-to-date and seems to be getting back in favour with investors. Consider this Chinese dating app stock a high-risk option with upside.


Bitcoin CFD Trading has become vital in 2021

2021 is the year of cryptocurrencies. For example, the Bitcoin price climbed several thousand euros within a few months. Anyone who wanted to cut this development slice as an investor had to deal with tricky wallets and the crypto exchanges. Brokers discovered the trends in Bitcoin and other altcoins relatively quickly.  Bitcoin CFD Trading has become vital today. And more and more providers are jumping on the bandwagon – in other words, the CFD broker offering Bitcoin as an underlying asset. What makes contracts on cryptocurrencies so interesting?

Bitcoin CFD trading: essential facts at a glance
CFDs offer Bitcoin along with a wide range of underlying assets.
Crypto CFDs can be traded long and short.
High return opportunities through leverage
Bitcoin CFD trading is subject to a flat tax.

Firstly, Traders cannot trade cryptocurrencies on the classic foreign exchange market. Who can only make trades via unique trading venues? On the other hand, the security of cryptocurrencies has been breached repeatedly in recent years.
Contracts for difference eliminate these disadvantages. Trading is only based on the Price development using Bitcoin CFD brokers so that traders can make profits in bull and bear markets. Besides, there is no risk of getting rid of the Bitcoins you earned slow and complicated. Here, you can find  The best UK Regulated CFD Brokers.

Cryptocurrencies CFD Brokers UK are regulated.
Finally, there is another reason to turn to the topic of crypto CFD. There is currently no significant regulation in trading in cryptocurrencies – even if monetary authorities are becoming increasingly active. Mainly about the seriousness of ICOs, there are a fair number of suspected fraud cases and black sheep.
The situation is different with CFD brokers. Especially providers who are based within the EU or operate from Germany are subject to strict regulations. Responsible for their monitoring are among others:
BaFin
FCA (Financial Conduct Authority)
CySEC
The regulation ensures, among other things, customer funds and data security are safe. Also, the financial supervisory authority ensures that brokers comply with applicable law, for example, in connection with the European rules on the level of leverage or investors’ classification.


stainless steel runs smoothly and nickel demand is still guaranteed

Stainless steel runs smoothly and nickel demand remains strong.

At the macro level, economic expectations are heating up, domestic economic conditions are improving, and market sentiment is optimistic.

In terms of industry, nickel ore supplies are tight and the price remains high. Ferronickel plants do not wish to ship goods at a loss, while stainless steel orders are good and prices remain stable

In general, the demand for nickel in the downstream industry is still guaranteed, and the Shanghai nickel market should not be pessimistic. The reference range of Shanghai Nickel 2102 contract is 115,000-123,000 yuan/ton, and the reference range of SS2102 contract is 1,3000-13600 yuan/ton.

In terms of operation, Shanghai nickel is long on dips, while stainless steel is on the sidelines.

Uncertainty risks: epidemic development, overseas economic stimulus policies, nickel resource imports, changes in stainless steel capacity utilization

One

Market review

Nickel prices dropped overall this week. Although the macro environment is generally positive, the continuous rise of the metal sector in the early stage has caused a phased correction in the sector, which has brought certain pressure on the nickel price. In addition, the industry is generally stable and there is no obvious good news for the time being. The transaction price of ferronickel is still at a low level, only nickel ore still has support.

Open the app to read the latest report

two

Analysis of price influence factors

1. Macro aspect

1.1. Overseas: Fiscal policy is expected to heat up, and the macro environment continues to warm up

Pfizer halved vaccine production in half a year, which once disturbed the market. OPEC’s production growth slowed down, and rising oil prices pushed up inflation expectations.

US President-elect Joe Biden nominated former Federal Reserve Chairman Janet Yellen as a candidate for finance minister, is conducive to the subsequent fiscal policies. The two parties in the United States jointly proposed a fiscal stimulus agreement, and the probability of fiscal stimulus increased during the year. U.S. manufacturing data has fallen, non-agricultural employment has been significantly lower than expected, the impact of the second outbreak of the epidemic is showing, and it

On the macro level, expectations of overseas fiscal stimulus heat up, the domestic economy continues to improve, and market sentiment tends to be optimistic. In terms of industry, the supply of nickel ore is tight and the prices remain high. Ferronickel plants are not willing to ship goods at a loss, and stainless steel orders are better and prices remain stable. In general, the demand for nickel in the downstream industry is still guaranteed, and the Shanghai nickel market should not be pessimistic. The reference range of Shanghai Nickel 2102 contract is 115,000-123,000 yuan/ton, and the reference range of SS2102 contract is 1,3000-13600 yuan/ton.

In terms of operation, Shanghai nickel is long on dips, while stainless steel is on the sidelines.

(Editor in charge: Chen Zhuang)


The CBOE VIX Volatility Index ended Monday with a positive reading.

The CBOE VIX (VXX) rose on Monday, as U.S. stocks pulled back from all-time highs following another surge in COVID-19 cases.

The Chicago Board Options Exchange Volatility, commonly known as the VIX, reached an intraday high of 22.62 a scale of 1-100, where 20 represents the historic average. It would eventually settle up 2.7% at 21.36.

The large-cap S&P 500 Index (SPY) declined 0.2% on Monday.

iPath S&P 500 VIX Short Term Futures ETN: (NYSEARCA: VXX) Invented to offer exposure to the S&P 500 VIX Short Term Futures Index Total Return. The index trades CBOE Volatility Index futures by way of long positions on first- and second-month VIX Futures contracts. VXX advanced 0.6%.

ProShares Short VIX Short-Term Futures (SVXY) to track the inverse daily performance of the S&P 500 VIX Short Term Futures Index. SVXY declined by 0.2%.
Now you can trade VIX CFD with 24option.com

ProShares UltraShort Term VIX Futures: (UVXY) UVXY is created to achieve1.5X (leveraged) returns of the day’s moves in the S&P 500 VIX Short Term Futures Index. It follows the two front months of the futures contract. UVX advanced 0.5%.


Your Guide To Trade CFDs on Cryptocurrencies

Bitcoin and other cryptos seem to be breaking a record now. Why is Bitcoin important to traders? Launched in 2009, Bitcoin was the first decentralised cryptocurrency. It is the leading cryptocurrency in terms of market capitalisation as well as the most expensive. Bitcoin comprises approximately half of the total cryptocurrency market cap. How to start trading Bitcoin CFDs: Investing in Bitcoin CFDs and buying vs. You have two options when trading in the cryptocurrency market. Firstly, you can purchase actual cryptocurrency on exchanges, such as buying Bitcoin on an online exchange and own the Bitcoin yourself. Holding Bitcoin is considered a long-term investment, as you are expecting the price to rise. You can also trade a contract for difference (CFD) on a particular cryptocurrency and speculate on the price difference. A CFD is a financial instrument or a contract, typically between a broker and an investor. Two parties agree to pay each other the difference in the value of a security – often known as the Buy/Sell spread. You can either hold a long position (speculating that the price will rise) or a short position (guessing that the price will fall).
ETH introduced CFDs on cryptocurrencies back in June of 2015. The firm offered CFDs on several virtual currencies, including Bitcoin, Ethereum, Ripple, Litecoin, and Dash. However, many of the crypto industry’s top coins experienced the bullish trend that caused challenges in risk management practices for many CFD brokerages, thereby causing a general withdrawal by many brokerages from the crypto sector. After assessing the situation, 24option also decided to stop providing its clients access to crypto CFDs altogether. What Type of CRM do Forex Companies Need?
Although CFD providers continue to adjust to the new crypto market norms, XTB has addressed these concerns and has decided to proceed cautiously in the Bitcoin CFD market. The client notification message did not include any updates regarding the other cryptocurrencies initially implemented by the company. For now, traders will have to settle for trading on Bitcoin CFD through the 24option trading platform. The re-launch of BTC CFDs will also include updated trading conditions. 2option has reduced the spreads to a standard 1% while also lowering their swap levels. Overnight swap rates will now charge clients 0.08% and 0.04% per day for long and short positions, respectively.
Moreover, the maximum exposure per trading account is limited to 20,000 GBP at any given time. Crypto CFD brokers currently offering maximum leverage of 5:1. The updated trading conditions are intended to appeal more to traders while at the same time offering some risk protection for 24option’s exposure levels due to potentially sharp price movements.
24option has its headquarters in Limassol, Cyprus. In 2013, 24option launched its online trading platform.
Live4Trading.co.uk are proud to present 24option; an FCA regulated UK CFD Broker. The founders established 24option in 2007. Currently, the broker has more than 3,000,000 customers.
Moreover, thousands of new customers open accounts every day. They enable ECN forex trading, contracts on derivatives and other instruments. 24option, execution-only forex, and CFD broker provide trading solutions that cater to both veteran and novice traders. 24option has been in the world of online CFD trading since 2008 as a pioneer with hundreds of thousands of online traders. In a short time, it has existed,24option has grown significantly with more than 20,000 customers who are executing over two million trades per month around the globe. Sixty billion in a month.
One of the pros of trading XRP CFDs is that it has a particular application – international payment transfers. Furthermore, Ripple, which is among the few altcoins that have overcome the challenges of transaction speed and scalability, along with low fees, has become so popular it now appears to be more centralised than decentralised. Financial institutions currently develop digital currencies to facilitate international payments, making one wonder how long XRP will remain relevant. Choosing the proper crypto CFD broker is a personal decision and should come from extensive research and knowledge of the sector – regardless of how volatile it may often be. Leveraged trading entails a high level of risk. 77% of retail investor accounts lose money when trading CFDs with Blackwell Global Investments (UK). What are your thoughts on crypto CFDs? Let us know in the comments below.
Ethereum again sees intensifying competition from newer coins like XRP and Tron, which offer a similar blockchain platform but with much more reliable technology. However, it will take time for any Altcoin to take over from Ethereum. ETH has been increasing in value over recent months, which is another incentive. Of course, CFDs allow you to trade both bearish and bullish markets, so it’s crucial to stay updated on developments that can predict the future direction of price movements for this cryptocurrency. Although Bitcoin lost a considerable amount of its value throughout the first half of 2018, it remains a popular cryptocurrency for trading.


Copyright © 2021. All Rights Reserved. PDEXTrading.com | Flytonic Theme by Flytonic.