Where to for Cryptocurrencies and shares as the the interest rate rise cycle begins!!
The major Cryptocurrencies, Bitcoin and Ethereum, remain under pressure and have the beginnings of a potential meltdown as bulls frantically hold support levels. We all know that bubbles do burst and any clear break of these support levels in BTC and ETH, could lead to a major margin unwind which could flow over into other major markets such as Shares and commodities. Bond yields are still edging higher as traders factor in more aggressive rate rises from Global Reserve Banks to combat currently high inflation.
In the short video below, I look at the major indexes in the US (DOW, NASDAQ and the SP500), Europe (DAX and FTSE100) and the ASX200 and the key price action technical levels to watch. I also look at the USD, Gold and Oil along with Bitcoin and Ethereum.
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Disclaimer: the contents of this post are presented for informational purposes only. They should not be viewed as investment advice, nor a solicitation to buy or sell any financial securities. Investments in financial products are subject to market risk. Some financial products, such as currency exchange, futures, contracts for difference, options and warrants are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. Trading currency exchange, futures, contracts for difference, stocks, shares, options and warrants on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in currency exchange, futures, contracts for difference, options, stocks, shares and warrants you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with currency exchange, futures, contracts for difference, options, stocks, shares and warrants trading, and seek advice from an independent financial advisor if you have any doubts.