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Five tweets that rocked the market


23 February 2021

In our age of mobile internet and publicity everywhere, anyone may become an influencer and move the markets. That’s even more true for people of power, celebrities, or those who may have some inside info. Who’s the first one who comes to your mind? If it’s not Donald Trump, you’ve probably kept Twitter away for the last 4 years… Here you go with a Top-5 list of market-moving tweets from FBS!

JOBS, JOBS, JOBS!

That was the first line of the post Donald Trump made in March 2018 commenting on spectacularly strong jobs data. The USD was boosted by this tweet. USD/JPY chart shows the reversal of the price to the upside and a strong bullish march that followed.

Seriously, next level

When Elon Musk announced Tesla’s new semi truck on Twitter, the company’s stock price jumped by 3% and kept rising long after! That was when the Tesla stock was below $100…

You will find that interesting

Carl Icahn is a famous investor and billionaire. Traders look up to people like him - even more so when he shares the outlook for some of assets he holds. Apple stock price rose significantly when he shared an optimistic view about it in one of his tweets.

Too high imo

In 2020, Tesla stock was making new price records so aggressively that Elon Musk shared his skepticism in Twitter. Readers did not believe that first, but he followed with more tweets – one of those you see below. As a results, his company lost $14bln in market capitalization. 

Small additional tariff

In 2019 – when Donald Trump was still the US President – during the US-China economic standoff, he shared his plan to impose additional tariffs. That disappointed the market and made S&P and Dow Jones crush.

As you can see, following media makes full sense as very frequently the market moves where people tell it to move – through Twitter! Make sure you subscribe to all big influencers – presidents, CEOs, fund managers, analysts.

Once you see an important announcement or a strong opinion about some financial asset, think about using it in trading. Remember though that you will need to check the technical setup on the chart and mark important support and resistance levels first. After that, you’ll be able to open your order remembering, of course, the principles of risk management. 

#source

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