Markets: Bitcoin back to $48,000!?

by Andrea Unger

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Among the most important market movements we’ve seen this week we can find the fall of the stock market (both the American and the European one), the rise of the energy futures, and the rebound of Bitcoin.

If you want to learn more about how the markets have moved over the last few days, watch the video!

Transcription

Hi guys, I'm one of the coaches of Unger Academy and I'd like to welcome you back to this new video dedicated to the markets and their movements over the past week.

Alright, on to the markets that moved the most during last week. We take a look at the US stock market that certainly stands out. As you can see, Nasdaq has lost around 4.5% over the last 5 days. EuroStoxx - the index that gathers the 50 most capitalized stocks in Europe - was also negative, with a percentage of -3%. The same thing applies to the DAX and the S&P500.

So as you can see, this week, the US stock market fell even more than the European stock indexes, and perhaps this is also due to the significant rally that has taken place in the last year, after the pandemic.

But let’s move forward. Bond indexes were pretty stable, although they have a downward perspective. As you can see, the 1-year, 3-months, and 1-month returns are all negative.

The energy markets, on the other hand, continue to rise. Here we see the RBOB Gasoline - the future on the price of gasoline - which, as we have also learned from the news, is skyrocketing.

Natural Gas is also going up a lot. You can see here that the returns of this market over the last month exceed 20%.

Well, let me see... what else can I show you from this week? Matals, okay metals have been pretty flat, so we can even avoid talking about them. Lean Hogs had a great week, with returns exceeding 10%, while other markets in the Meats sector, namely Live Cattle and Feeder Cattle, went down. 

Some of the main Soft Commodities were positive, including Coffee and, in particular, Cotton, which has reached very high prices.

Cereals moved in kind of a mixed way, with returns ranging between -3% and +4%.

Finally, we have traditional currencies, which didn't move that much at all, and Bitcoin, which made a sort of rebound and went up by about +11% over the last 5 days.

As for rollovers, there’s nothing to do next week. The next market to roll over is Crude Oil, which, as you know, expires monthly, and around next Friday or the beginning of the week after the next, it'll be possible to start thinking about the rollover of this market.

That’s all for this week. Thank you so much for watching!

See you in the next video, stay safe and see you soon, bye bye

 

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Andrea Unger

Andrea Unger here and I help retail traders to improve their trading, scientifically. I went from being a cog in the machine in a multinational company to the only 4-Time World Trading Champion in a little more than 10 years.

I've been a professional trader since 2001 and in 2008 I became World Champion using just 4 automated trading systems. 

In 2015 I founded Unger Academy, where I teach my method of developing effecting trading strategies: a scientific, replicable and universal method, based on numbers and statistics, not hunches, which led me and my students to become Champions again and again.

Now I'm here to help you learn how to develop your own strategies, autonomously. This channel will help you improve your trading, know the markets better, and apply the scientific method to financial markets.

Becoming a trader is harder than you think, but if you have passion, will, and sufficient capital, you'll learn how to code and develop effective strategies, manage risk, and diversify a portfolio of trading systems to greatly improve your chances of becoming successful.