BZQ set to record its 4th up day in a row; currently 6.65 cents (0.4%) higher

Overall, ProShares UltraShort MSCI Brazil Capped had a 0.4% move or 6.65 cents today and is currently trading at $16.66.

ProShares UltraShort MSCI Brazil Capped is currently trading at $16.66 following the release of Fed Chair Powell speech data from the United States.

At the same time, United States New Home Sales (Apr) released today at 14:00 UTC with a figure of 683,000, while the previous figure was 656,000. United States Services PMI came out at 55.1, while a consensus of analysts was expecting 52.6. United States Building Permits came out at 1.15 million, while a consensus of analysts was expecting 1.42 million.

ProShares UltraShort MSCI Brazil Capped broke through the $16.69 resistance, climbing 3 cents above it. ProShares UltraShort MSCI Brazil Capped made an initial breakout above its 5 day Simple Moving Average at $16.61, a potential indicator of a newly emerging bullish phase.

Overall, looking at the technical analysis landscape, it seems ProShares UltraShort MSCI Brazil Capped might continue pointing upwards in the short term.

At the same time, Stryker is trading around $274.33 (down $11.84). Novo Nordisk closed at $163.23 (down 4.28%). Visa Inc. is down to $224.84, losing $6.44, after closing at $231.28 in the preceding trading session.

Furthermore, the market is looking at as things stand, upcoming United States Crude Oil Inventories data is projected to fall short of market expectations with newly published data of -920,000, following on from the preceding figure of 5 million. New data is set to be published tomorrow at 14:30 UTC.

Elsewhere, United States FOMC Meeting Minutes is scheduled for tomorrow at 18:00 UTC.

ProShares UltraShort MSCI Brazil Capped has fallen back around 51.34% over the past 10 months, from a notable high of $34.1.