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From May 14 to 20, eBay stock rose by 5.5%, reflecting positive investor sentiment.
Whatβs behind the increase?
π Strong financial results: eBay reported revenue and profit growth last quarter, surpassing analyst expectations.
π€ Expanded partnerships and new seller/buyer services are boosting eBayβs market position.
π± Growing mobile sales and UX improvements supported revenue increase.
How to capitalize on the trend:
- eBay shares show moderate daily volatility of 2 to 3%, ideal for short-term trades with 20x leverage.
- Use trend strategies around support/resistance levels.
- Keep an eye on the news about development and e-commerce shifts.
π‘ Best time to trade: the first few hours after the US market opens.
Whatβs your forecast?
π Expecting further growth
π Possible downturn
Whatβs behind the increase?
π€ Expanded partnerships and new seller/buyer services are boosting eBayβs market position.
How to capitalize on the trend:
- eBay shares show moderate daily volatility of 2 to 3%, ideal for short-term trades with 20x leverage.
- Use trend strategies around support/resistance levels.
- Keep an eye on the news about development and e-commerce shifts.
Example trade on Olymptrade:
Deposit: $100
Trade amount: $30
Leverage: 20x
If price changes by 3% with 20x leverage, you stand to make a profit of 60% of your trade amount:
$30 Γ 3% Γ 20 = $18 (+60%)
Whatβs your forecast?
π Expecting further growth
π Possible downturn
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Check out the key events of the upcoming week that are likely to affect major currency pairs.
Which event do you think will have the biggest impact?
π₯Canada interest rate decision
π€©Eurozone interest rate decision
πUS unemployment rate
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Interest rate:
Previous: 2.75%
Forecasted: 2.50%
π‘ Market reaction last time:
On April 16, the Bank of Canada kept the rate at 2.75%.
Within the first 5 minutes after the announcement, USD/CAD reacted by falling π
Reason: The unchanged rate supported CAD strengthening.
How the market could respond:
β If the rate remains unchanged, USD/CADβs reaction may be neutral, but the pair may fall if the market views an unchanged rate as a signal of economic stability for Canada.
- On release day, go to FT mode.
- Select USD/CAD.
- Set your trade amount and duration (3 to 5 minutes).
- Set a pending order for 1:45 pm UTC.
- Make your forecast!
Whatβs your take this time?
π USD/CAD will rise
π USD/CAD will drop
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From May 1 to 27, Tesla (TSLA) stock surged 29.6%, jumping from $280 to $363 β the strongest monthly gain this year π
Reasons behind the rise:
π€ Robotaxi launch. Tesla announced a limited robotaxi service starting in June, boosting interest in the company leading autonomous transport.
π FSD subscriptions. Over 200,000 active Full Self-Driving (FSD) subscriptions are providing steady revenue and positive investor sentiment.
π Strong deliveries. Tesla delivered over 520,000 cars in Q1, beating revenue expectations.
How to trade on Teslaβs volatility:
- Its daily moves of 3% to 6% are great for short-term trades.
- Use strategies based on support and resistance levels.
- Follow sales reports, tech updates and Elon Muskβs statements.
Whatβs your forecast?
π Further growth
π Possible downturn
Reasons behind the rise:
π€ Robotaxi launch. Tesla announced a limited robotaxi service starting in June, boosting interest in the company leading autonomous transport.
π Strong deliveries. Tesla delivered over 520,000 cars in Q1, beating revenue expectations.
How to trade on Teslaβs volatility:
- Its daily moves of 3% to 6% are great for short-term trades.
- Use strategies based on support and resistance levels.
- Follow sales reports, tech updates and Elon Muskβs statements.
β‘ Example trade onπ π π π :
Deposit: $100
Trade amount: $30
Leverage: 20x
If the price changes by 3% with 20x leverage, you coud make a profit thatβs 60% of your trade amount:
$30 Γ 3% Γ 20 = $18 (+60%)
Whatβs your forecast?
π Further growth
π Possible downturn
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This index tracks just 30 companies but is watched by the whole world. Its name comes from two guys who used to work for a newspaper.
Anonymous Quiz
52%
S&P 500
34%
Dow Jones
14%
Hang Seng Index
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This Eid is the perfect time to celebrate the light you bring to our community β¨
May this holiday fill your heartπ and home with happiness, and your trading journey with success.
Give us a π if youβre ready to grow and build the future together!
May this holiday fill your heart
Give us a π if youβre ready to grow and build the future together!
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- Horizontal lines are like floors and ceilings, marking support and resistance zones where price often stops or bounces.
- Verical lines are like walls, representing major events like economic news or market reversals.
- Trend lines and rays shape the roof, showing the marketβs direction β climbing up, sliding down or ready to break through.
- Fibonacci levels and fan act like doorways and windows β important spots where price may pause or change course.
How to get started:
With this blueprint, you can build your trades smarter.
Ready to try out drawing tools?
π Yes, letβs go!
π Still learning
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Forwarded from Olymptrade signals
Explore our platform to maximize your benefits
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Forwarded from Olymptrade signals
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Being informed about key economic events is vital for trading on the news.
π Our calendar offers a snapshot of the weekβs most important market shakers.
Do you plan to trade on any of these releases?
Yes π
No π₯
Do you plan to trade on any of these releases?
Yes π
No π₯
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Expected data:
Previous: 2.3%
Forecasted: 2.2%
How the market could respond:
Market reaction last time:
On May 13, the core CPI data came in at 2.3%, a 0.1% decrease from April. EUR/USD reacted with a rise within the first 5 minutes π
1. On release day, go to FT mode.
2. Select EUR/USD.
3. Set your trade amount and duration (3 to 5 minutes).
4. Set a pending order for 12:30 pm UTC.
5 Make your forecast!
Whatβs your forecast?
π EUR/USD will drop
π EUR/USD will rise
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