Market Situation by MarketMinds Team

Brian Leclere - 09 September 2022 - APP Global Macro MARKET_WATCH

Wall Street ends higher, gains driven by banks, healthcare

Wall Street’s main indexes posted gains on Thursday mainly lifted by financial institutions and healthcare companies, as investors digested hawkish remarks from policymakers that cemented bets of a large interest rate hike later this month.

▪️Global Macro:

– Global Macro still in a technical configuration leading for a bounce in the risk appetite => #WTI , #OIL&GAZ, soft Grains are trading lower lowering inflation impact days after days.

– #SNP500 bounced off TACTICAL support as expected – however the reistance in front of us at 4060 will be not easy to surpass, we are more oriented for this scenario which give a strong confident signal to play higher… 4060 to watch to hedge the positions

READ ARTICLE ABOUT FED POWELL SPEECH 

=> https://www.reuters.com/markets/europe/futures-tick-higher-ahead-powells-speech-2022-09-08/

▪️#ETH:

– Yesterday ETH exited from the short-term range reaching almost 1720, watching at SNP500 price action we are now focus on 1780 as resistance to watch in parallel of 4060 SNP500. It means we are confident on the short-term to see a further recovery above 1595 daily support and 1670 buyback area to reach 1780

– 1780 level to surpass to lower the downside risk and open 1900 before 2170 the mid-term confirmation level.

▪️#BTC:

– A near-term pause is observed on ETH/BTC ration meaning that BTC could bounce within a more powerful momentum towards 22400 – For now we prefer staying long on ETH instead BTC on the mid-term a head of the merge

▪️#AAVE, #MATIC, #ATOM, #EOS, #AKTIO remain our prefered coin in the core of the portfolio – However we can observe interesting momentum gains as well on #LDO, #YFI, #YGG, #RUNE

=> Conclusion, Crypto and stocks are trading range above key tactical support within a bear market, however they confirmed they are trying to complete an upside swing within the range with 1780 ETH and 4060 SNP500 to watch, the landscape is clear until there on the short-term.

    Join our 60k+
    tribe of Akters

    Have any questions?

    We're here to help.

    Learn more

    About the AKTIO coin

    AKTIO is now live!

    Learn more about the AKTIO coin

    What’s new in the App?

    We’re adding new features

    Find out more about the App

    Customer support

    support@akt.io

    +353 1 574 7382

    Opening hours:

    Monday to Friday: 8am - 7pm CET

    Company

    About

    AKTIO coin

    Careers

    News

    Learn

    Blog

    AKT Academy

    Help

    FAQ

    System Status

    Follow our latest news

    Automata Pay

    65-66 Warwick House 4th

    Floor, Queen Street, London

    England, EC4R 1EB

    Automata ICO Ltd

    3rd Floor Ormond Building,

    31-36 Ormond Quay Upper,

    Dublin 7, D07 Ee37

    Automata Pay Europe Ltd

    3rd Floor Ormond Building,

    31-36 Ormond Quay Upper,

    Dublin 7, D07 Ee37

    Automata Pay Ltd, Reg number 12208424 and incorporated in the United Kingdom is the registered agent of Modulr FS Limited, a company registered in England with company number 09897919, authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573). Traditional currency will be safeguarded by a licensed bank in segregated accounts in accordance with regulatory requirements.

    Automata Pay Europe Limited, Reg number 69028 and incorporated in Ireland is the registered agent of Modulr FS Europe Limited, a company registered in Ireland with company number 638002, authorised and regulated by the Central Bank of Ireland as an Electronic Money Institution (Institution Code C191242). Traditional currency is safeguarded as e-money in accordance with our regulatory obligations. Traditional currency will be safeguarded by a licensed bank in segregated accounts in accordance with regulatory requirements.

    Automata ICO Limited, Reg number 690280 and incorporated in Ireland has applied for a Virtual Asset Service Provider registration with the Central Bank of Ireland. Whilst the application is ongoing we are permitted to continue business as a Virtual Asset Service Provider in line with the Central Bank of Ireland's regulatory disclosure statement as required under section 106L of the CJA 2010 in relation to registered VASPS. It is important to note that a registration as a VASP is a registration for Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT) purposes only. While Automata ICO Limited does have certain financial crime control obligations under this registration, cryptoasset services remain largely unregulated. The Financial Ombudsman Service or the Financial Services Compensation Scheme do not apply to the cryptoasset activities carried on by Automata ICO Limited.