todays markets
market news
๐dow soars nearly 300 points friday as stocks reverse sharp losses after hot jobs report.
โญstars arena secures funds to plug $3M exploit, set to reopen after security audit.
๐งชuranium-backed stablecoin? maker proposal to back DAI goes nuclear.
๐galxe protocol experiences DNS attack, losses top $150K and still growing.
โกTHORSwap goes into โmaintenance modeโ to counter illicit funds movement.
crypto fear and greed index
๐ market event to look out for (UTC times)
wednesday (11/10)
12:30 USD - PPI (MoM) - forecast: 0.4%
thursday (12/10)
06:00 GBP - GDP (MoM) - forecast: 0.2%
12:30 USD - core CPI (MoM) - forecast: 0.3%
12:30 USD - CPI (MoM) - forecast: 0.3%
friday (13/10)
01:30 CNY - CPI (MoM) - forecast: 0.3%
around the X-verseโฆ (formerly the twitterverse)
unprecented few months ๐ฐโฆ
would put the cherry on the cake ๐โฆ
bull market somewhere I guess ๐โฆ
trade ideas
trade: short USD/ CAD
last week, the USD/CAD broke through a diagonal resistance that had held the price in check for over a year.
however, this breakout was short-lived, as it has since retreated back below the trend line. this reversal may suggest the onset of a topping pattern, hinting at potential downward momentum. now might be a prime opportunity to consider a SHORT around the ~1.367 mark. should it rebound off the trend line, it'd be wise to exit the trade promptly. thus, setting a stop loss just above the recent peaks, around ~1.382, could be a strategic move.
#NFA #DYOR
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