Pershing Square’s Bill Ackman made money on the economy’s decline at the beginning of the pandemic and then its rebound later on. Hedge fund titan Bill Ackman, CEO of Pershing Square Capital Management, made $3.85 Read more…
Philadelphia Fed President Patrick Harker said he would be “supportive of a 25 basis point increase in March.” But he’s “a little less convinced of” a 50 bps hike right now. He added, “if inflation Read more…
Daily Pivots: (S1) 0.7011; (P) 0.7044; (R1) 0.7101; More… AUD/USD’s break of 0.7089 resistance suggests that it has tentatively defended 0.6991 key medium term support. Intraday bias is back on the upside for stronger rebound Read more…
Daily Pivots: (S1) 114.84; (P) 115.21; (R1) 115.50; More… USD/JPY’s fall from 115.68 extends lower today but it stays above 114.46 minor support. Intraday bias remains neutral and further rally is in favor. . On Read more…
The fast-food burger chain had a clear inspiration for this menu item. Playing follow the leader lets you make moves that make sense from a business perspective, but seem a little suspicious. Dunkin’ (DNKN) – Read more…
Daily Pivots: (S1) 0.9233; (P) 0.9288; (R1) 0.9324; More…. With break of 0.9243 minor support, intraday bias in USD/CHF is back on the downside for deeper fall. Overall, with 0.9090 support intact, choppy rise from Read more…
Daily Pivots: (S1) 1.3400; (P) 1.3431; (R1) 1.3475; More… GBP/USD’s recovery from 1.3356 extends higher today but stays below 1.3523 minor resistance. Intraday bias remains neutral first and further fall is in favor. As noted Read more…
Gold is attempting to return to the $1800 area on Tuesday. The bulls do not want the price fixing below this round level, as they want to avoid the markets starting a wider liquidation of Read more…
Daily Pivots: (S1) 1.1165; (P) 1.1207; (R1) 1.1274; More… EUR/USD’s recovery from 1.1120 extends higher today but stays below 1.1299 minor resistance. Intraday bias remains neutral first and further is still in favor. On the Read more…
Dollar drops broadly today in rather mixed markets. Firmer risk sentiment might be a factor. Yet, Swiss Franc is currently the strongest, followed by Kiwi and then Aussie. Yen is also just steadily mixed. On Read more…