Huge Volatility On The Cards? Latest News Analysis by RICH TV LIVE

Huge Volatility On The Cards? Latest News Analysis by RICH TV LIVE - July 26, 2022 - #news #analysis #richtvlive #stocks #stockmarket #crypto #bitcoin

Latest news and analysis of stock & crypto markets

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Now the DOW JONES & NASDAQ both struggling with a slow rate. Finishing slightly in the red. We've been in this slow period for quite some time now and it seems like this is going to be the way it is for the next little bit.

And the TSX also slow with it slightly being in the green. Trading volume’s really slow. It's summertime. People are on vacation.

News to keep your eye on that are high impact and medium impact

Consumer confidence is high impact news. So be careful while taking a trade as the news comes out. Market is extremely volatile right now. And there isn't a ton of volume because we're in the middle of the summer time and everybody is on vacation. Financial confidence is a leading indicator of consumer spending. So keep your eye on that which accounts for a majority of overall economic activity.

Richmond Manufacturing Index is medium impact news. So still be cautious as you take a trade during the news release. We'll keep you updated here at Rich TV live.

Key events to look out for in the week ahead
On Tuesday: Earnings coming out from $MSFT $GOOGL $V $UPS $KO $MCD

On Wednesday: Durable goods, pending home sales, FED Rate Hike happening (expected 0.75 Basis Points), Powell speaks, earnings for $META, $BA, $F expected.

On Thursday: Q2 GDP, Jobless Claims; Earnings for $AAPL $AMZN $INTC $ROKU $LUV $MA expected.

On Friday: PCE inflation and watch out for $XOM $CVX $PG $CL results.

Some charts to analyze
Ethereum had a nice little run up here to $1669 and has come back down now, where it stands right around $1523. The low zone is about $1460. The high of the zone is about $1660. And we're right now sitting near the lower part of the zone at around $1523 on the one-hour chart. If we look at the one-year chart, ETH is down heavily from its peak of where it was last November and now we're going into the fall. So the real question is, do we see it make another run back to those all-time highs?

Now, when we look at Bitcoin. It's been above $23000 and been as low as $21500. Right now at $22100. So very volatile for BTC. But overall you can see it is heavily down with a high of $69000 as of November of last year. We're going into the fall now as summer ends. The question is, will we see another huge rally for Bitcoin in the fall like we had last fall where we saw BTC hit its all-time highs of $69,000?

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