What is equity?

Dexly support | Posted on May 28, 2021 |

Equity is the main indicator on the account. Equity = your balance + credit + current profit on transactions.

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ForexLive Americas FX news wrap: Never underestimate the US consumer

Forex news for North American trade on October 15, 2021: Markets: The US retail sales report was a strong surprise but the market reaction was minimal. Later, flows appeared into the London fix with a distinct element of USD selling. That knocked USD/JPY down to 114.00 from 114.42 and hit the dollar elsewhere as well. It later [...]

US stocks finish a strong week with a flourish

Closing changes for the main US equity markets: On the week: [...]

US 2-year yields rise above 0.40% for the first time since the pandemic

Bonds continue to price in hikes The bond market is having a rethink on inflation and interest rates today. US 2-year yields are up 4.5 basis points today to 0.40%. It's the highest since the start of the pandemic as the front end of the curve looks to make a move. [...]

WTI crude oil settles at $82.88 in new cycle high to cap eighth-straight week of gains

WTI crude oil up 97-cents to $82.28 What a run it's been for the crude oil bulls in basically a straight line to $82 from $62 on August 23. This is the eighth straight week of gains in crude and the highest close since 2014. Today is contract expiration and there's moderate backwardation through the contract table, [...]

Biden concedes full $3.5 trillion package won't be achieved

Comment from the President This isn't a surprise but it's an acknowledgement that Biden is now aiming lower. "We're not going to get $3.5 trillion. We'll get less than that. But we're going to get it. And we're going to come back and get the rest," Biden said. [...]

Key earnings releases scheduled for next week include Intel, Tesla, IBM, Netflix and Verizon

Earnings calendar for the week starting October 18 Some of the major financials kicked off the earnings calendar this week including J.P. Morgan, Bank of America and Citigroup. [...]

Next week's US economic calendar is decidedly uninspiring

Bulls love bland markets A close look through for next week leaves plenty to be desired. The calendar if Fedspeak is littered with a cast of characters who have been talking non-stop for weeks and the lone data point that might get the market moving is Friday's Markit PMI, and that's being generous. [...]

Baker Hughes US oil rig count 445 vs 433 prior

Weekly oil and gas drilling rigs from Baker Hughes Here's a chart from CIBC showing US drilled but uncompleted wells. They've been drawn down since the start of the pandemic as companies fake better efficiency and capital discipline. Rigs have been rising but they're going to have to rise much more quickly to maintain US production. [...]

Atlanta Fed GDPNow 1.2% versus 1.3% last

...and to think it was at 6.3% at one point In their own words [...]

US dollar slides into the London fix

Looks like flows There isn't anything happening in bonds or equities that would suggest a slump in the US dollar but it's softening across the board at the moment. [...]

The technical picture for the major currency pairs going into the new trading week

What are the charts saying for the major currency pairs. Heading into the new trading week, what key technical levels are in play that traders around the world will be watching (and why?). Below are the stories..... [...]

US stocks close higher. S&P and NASDAQ close higher for the third consecutive day

Dow has a two day win streak two end the week A look at the final numbers shows: For the week, [...]

US stocks continue their run to the upside.

The NASDAQ back above its 200 hour moving average. S&P running away from its 50 day moving average The major US stock indices continue to move higher. With the S&P index up about 34 points or 0.77% at 4473. The NASDAQ index is up about 70 points or 0.48% at 14894. [...]

USDCHF swings up and down in trading today

Test of 100 hour MA at the high, finds sellers. The run higher today reached up toward the 100 hour moving average and the 38.2% retracement of the move down from the September 30 high. Those levels came near 0.9260. The high price for the day reached 0.92633. [...]

European major indices close higher for the day and the week

German DAX tests its 100/50 day moving averages The provisional closes are showing: For the trading week: [...]

NZDUSD tests old swing area from September

Swing area between 0.7072 and 0.7077 The NZDUSD has continued its run to the upside which started on Wednesday near the 0.6908 floor from October 7, October 8 and October 11. The low price on Wednesday reached 0.69106, and bounced higher. [...]

USDJPY rotates lower

Short term technicals tilt The USDJPY has rotated back to the downside (at least in the short term). , I commented on the holding above the 100 bar MA (blue line) as a key barometer for short-term buyers and sellers. [...]

GBPUSD reenters an old swing area from September

Moves above swing area between 1.3725 to 1.3733 The GBPUSD traded within a up and down range from the end of August to September 20 (see the red box in the chart below). The low of that range found support buyers near the 1.3725 to 1.3733 area. [...]

Bitcoin trades above $60,000

High price reached is $60,356 The catalyst today was rumblings that the SEC would approve a bitcoin ETF which could potentially open the door for further investment into the digital currency. [...]

US stocks open higher with the Dow outpacing

NASDAQ lagging as rates move higher The snapshot of the market currently shows: US yields are higher with the five year up 4.4 basis points leading the way. It has reached a high yield of 1.106%. [...]

FX option expiries for 15 October 10am New York cut

A look at what is on the board for today Just one relatively large one for EUR/USD on the day, as highlighted in . bold Even then, I would argue it doesn't hold much significance as the pair continues to be largely driven by the ebb and flow, resting around 1.1600 for the time being. [...]

FX option expiries for 13 October 10am New York cut

A look at what is on the board for today Nothing significant to really take note of on the day as seen above. Additionally, there aren't specifically any major ones too that should be of too much impact through to the end of the week but we'll see if anything changes. [...]

FX option expiries for 8 October 10am New York cut

A look at what is on the board for today A couple of big ones to take note of for today, as highlighted in . bold It will still depend a lot on what the US jobs report has to offer later but just be wary that there are large expiries that could attract/limit any moves in the [...]

FX option expiries for 6 October 10am New York cut

A look at what is on the board for today Just a couple to take note of, as highlighted in . bold The large ones for USD/CAD keeps close to the overnight lows so that may help to add to some near-term support before rolling off later in the day, though the pair is keeping more buoyant closer [...]

FX option expiries for 4 October 10am New York cut

A look at what is on the board for today Just a couple to take note of to start the new week, as highlighted in . bold The large ones for EUR/USD may act as more of a magnet for price action, which continues to gyrate in and around the 1.1600 since the end of last week. [...]

FX option expiries for 1 October 10am New York cut

A look at what is on the board for today Just a couple to take note of on the day, as highlighted in . bold The large ones for USD/JPY may help to limit any downside in the pair before rolling off later today, with focus still residing on risk sentiment for the most part. There is also [...]

FX option expiries for 30 September 10am New York cut

A look at what is on the board for today There is only one significant one close to current spot price, as highlighted in . bold But even then, I don't see that as having a huge impact as the 1.2755 level in USD/CAD holds little technical significance. As such, it may offer some light attraction if the [...]

FX option expiries for 29 September 10am New York cut

A look at what is on the board for today Just one to really take note of on the day, as highlighted in . bold That being for USD/CAD at 1.2620, which may offer some light attraction closer to the lows to start the week for the pair. But it doesn't hold too much technical significance, so it [...]

FX option expiries for 28 September 10am New York cut

A look at what is on the board for today I thought I posted this earlier but missed it in the drafts, so apologies on that. Just a couple of ones to take note of today, as highlighted in . [...]

FX option expiries for 27 September 10am New York cut

A look at what is on the board for today Nothing major on the day, so there shouldn't be much influence from the expiries on price action in the sessions ahead. [...]

ECB President Lagarde says (too) that the current rise in inflation is largely transitory

European Central Bank President Christine Lagarde spoke on Saturday at an International Monetary Fund event. Remarks from Lagarde (via Bloomberg report (may be gated) - ) [...]

PBOC says that inflation risks are controllable

Remarks by the Chinese central bank Well, at least they're not using the T-word but it is rather implied. In any case, with the shift to 'common prosperity' focus and the power crunch hitting, China is likely to maintain more easy policy in order to support the economic recovery from the pandemic still. [...]

PBOC says that Evergrande risks to the financial system are controllable

PBOC reaffirms that Evergrande isn't going to pose a major threat to the Chinese financial system They are also urging developers and shareholders to fulfil debt obligations and have asked banks to keep stable, orderly loans to the real estate sector. [...]

ECB's Wunsch: Inflation jump is transitory

Remarks by ECB policymaker, Pierre Wunsch - Economy is on the right path - We are not at our inflation goal just yet - There are unknown factors surrounding second-round inflation effects And so the story continues. Nothing new from the ECB here on inflation, at least for now. [...]

BOJ's Amamiya: Japan's price trend remains solid

Remarks by BOJ deputy governor, Masayoshi Amamiya - Japan's economic recovery to become clearer as pandemic impact subsides - Consumption continues to stagnate but likely to pick up on pent-up demand Nothing new from Amamiya and the BOJ as we've heard this all before. But at least they continue to humour us with commentary on inflation. [...]

Federal Reserve speakers coming up Friday 15 October 2021 - Bullard, Williams

Federal Reserve speakers ahead 11.45am US ET time, which is 1545 GMT Federal Reserve Bank of St. Louis President James Bullard [...]

BOJ official says no current plan to issue digital currency, but maintaining the status quo on payments not an option

Shinichi Uchida is Executive Director/Head:Monetary Policy at Bank of Japan Spoke earlier on central bank digital currency issuance. [...]

People's Bank of China issues a 500m yuan MLF

Medium-term loan facility conducted by the PBOC was an expectation of an RRR cut or MLF. Here's the MLF. RRR cuts are often forecast but rarely materialise. [...]

PBOC sets USD/ CNY mid-point today at 6.4386 (vs. estimate at 6.4402)

People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. - USD/CNY is permitted to trade plus or minus 2% from this daily reference rate. [...]

Expectations for a PBOC reserve requirement ratio cut Friday

Earlier this week ANZ was out with a forecast for a 50 basis point cut in the RRR, or a targeted MLF. (MLF is a medium term lending facility - basically a 6 month or one year loan to banks to encourage lending to business). [...]

The crypto industry is still waiting for its ‘iPhone moment’

The most important innovation that the iPhone brought — which the crypto space needs to gain mass adoption — is the user experience. [...]

Truly decentralized finance will be beyond siloed blockchains

To be the future lifeline of industries, blockchain technology needs to embrace the old-fashioned quality of interconnectivity. [...]

Finance Redefined: Celsius raises $400M, and Rari’s 7.5K% yields, Oct. 11—15

Lending firm Celsius raised $400 million, Rari Capital exceeded $1 billion in TVL, and North America witnessed surging crypto volume — all included in this week’s Finance Redefined. [...]

Bitcoin entering final stage of major bull trend, crypto analyst says

According to crypto analyst and trader Alessio Rastani, Bitcoin will finalize its upward trajectory toward $100,000 in the next few months. [...]

Why HODL for 48 hours? Because your altcoin wallet will thank you

Even in the fast-paced cryptocurrency market, favorable conditions that fuel massive rallies often take days to materialize. [...]

Guernsey regulator approves Jacobi Asset Management’s Bitcoin ETF launch

GFSC-approved Jacobi Bitcoin ETF is a centrally cleared crypto-backed financial instrument with custody supported by Fidelity Digital Assets. [...]

Asian CBDC projects: What are they doing now?

Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar? [...]

BTC price hovers above $61K amid fresh concerns over fate of physical Bitcoin ETF

Suspicions arise over U.S. regulators' acceptance of physical Bitcoin ETF products later this year, amid reports than investors are voting with their feet. [...]

Crypto finserv firm Bakkt to soon trade publicly on New York Stock Exchange

Starting Oct. 18, Bakkt’s common stock and warrants will be listed on NYSE under the ticker symbols “BKKT” and “BKKT WS,” respectively. [...]

Jack Dorsey’s Square plans to build an open-source Bitcoin mining system

Jack Dorsey wants to build a single system that can improve accessibility to Bitcoin mining and further decentralize the BTC network. [...]

ETH Looking Bearish

After reaching 3968 level, ETH is looking bearish. We have a break of structure to the downside on the 1H timeframe. Looking for price to retest the 3865 level and then head back down towards 3600 liquidity levels. Good time to take profits. COINBASE:ETHUSD [...]

DOGEUSDT

Based on Triangle pattern in upward trending in daily time frame of Doge Coin, price chart is located in a very sensitive point. If it comes out from above triangle, sharp ascendant potential is high (I guess around 350% is available) Possible upward target points are: - TP1: ~0.38 $ - TP2: ~0.45 $ - TP3: ~0.75 $0 - TP4: ~ 1.0 $ [...]

$ICP Harmonic reversal

Real nice setup here on ICP with a smaller bullish shark for the confirmation low. [...]

ETH/USDT - SHORT SLOW GRIND

Looking for a Short in either of the 2 yellow areas and 2 TP's. This week looking for a little pullback then big move coming towards end of next week. STOP LOSS AND RISK MANAGMENT IS SO IMPORTANT !! [...]

Polkadot (DOT) - October 17

Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (DOTUSD 1W Chart) - Mid-Long-Term Perspective https://www.tradingview.com/x/TNEmPMRD/ Above the 10.16 point: expect the uptrend to continue 16.15-20.27 or more: Expected to create a new wave. (1D chart) A volume profile section is formed over the section 10.16-23.03. Accordingly, if the price is maintained above this range, it is expected to create a new wave. Also, if the price is maintained above the support and resistance zone formed over the 29.85-38.69 zone, the uptrend is expected to accelerate and record… [...]

Bitcoin could rise higher than expected ✅

Bitcoin could rise higher than expected if it completes the next explosive wave. If you are bullish on bitcoin and you have published your ideas I hope we are all right and it just continues to go up over the years to come. The past 10 years has been a great for Bitcoin we cannot complain especially if you bought early under $1,000. I personally didn't buy any until it was around $4,000 and I dumped my 401k and bought $300,000 worth of bitcoin. At the time it was highly risky and I took a chance and it paid off.… [...]

New idea on BTC