Stocks are flying this morning as are some cryptos and commodities.
Indeed, going into the year there were a lot of risks but many of them seem to have come off the table by now. Sure, there’s still plenty of reasons to be cautious, but investing always requires some degree of care.
Tomorrow afternoon, we’ll be discussing some of the best trading strategies and market opportunities that are happening at the moment. So come join me and more than 600 people who have already registered in our all-access webcast for Q2, 2019.
@MatiGreenspan
eToro, Senior Market Analyst
Today’s Highlights
Stocks flying today
Emerging Situation
Crypto Testing
Please note: All data, figures & graphs are valid as of April 1st. All trading carries risk. Only risk capital you can afford to lose.
Traditional Markets
After a strong close to Q1, the stock markets are getting off to an excellent start for Q2. The Asian session was phenomenal after some better than expected manufacturing numbers out of China. The Europeans have taken a strong handover and are currently making the most of it.
Here are three of the major stock indices. Check out that massive gap up over the weekend and continuation this morning.
Some critical news will come out of the USA later today. Retail sales figures and manufacturing data could be influential today.
Emerging Opportunity
As we’ve been watching the situation unfold in Turkey, there have been plenty of interesting market movements. The big headline comes this morning after yesterday’s elections…
As you can see, Erdogan’s party has lost the capital of Ankara. As we write, votes are still being counted in Istanbul.
These surprise results are putting some pressure on the Lira today. Still, if we zoom out a bit we can see that the USDTRY is still relatively stable, especially if we consider the meltdown last August. For now, it remains pretty close to the 200 day moving average (blue line).
Crypto testing
As we mentioned above, the crypto markets are rather perky this morning. Most of the top cryptos by market cap are up around 1% over the last 24 hours. Of course, since it’s altseason we do have a few that are outperforming.
Most notable is Dash, which has risen a total of 11.23%. Thanks in large part to the weekend ramp. Dash has now joined the few cryptos that have more than doubled in value since the mid-December lows.
Wishing you an amazing week ahead!!
Best regards,
Mati Greenspan
Senior Market Analyst
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