Ark Innovation has sunk 52% year to date, as Wood’s tech companies have slumped–and it’s down 71% from its 2021 peak. Renowned investor Cathie Wood, chief executive of Ark Investment Management, bought shares of a Read more…
Markets Yesterday’s solid US ISM and hawkish Fed minutes provided the trigger for interest rate markets to rebalance away from risks to growth to central banks continuing to prioritize inflation at the upcoming meetings. Technical Read more…
Hold on to your brains as two Disney theme parks welcome a unique new attraction. When somebody talks about zombies in Florida, it’s usually in a news story that involves someone ingesting a questionable substance Read more…
Daily Pivots: (S1) 135.24; (P) 135.63; (R1) 136.30; More… Intraday bias in USD/JPY remains neutral at this point. On the downside, break of 134.25 support will confirm short term topping at 136.99. Considering bearish divergence Read more…
Daily Pivots: (S1) 0.9673; (P) 0.9708; (R1) 0.9745; More… Outlook in USD/CHF is unchanged and focus stays on 0.9731 resistance. Firm break there will argue that the consolidation from 1.0063 has completed and bring stronger Read more…
Daily Pivots: (S1) 1.0136; (P) 1.0207 (R1) 1.0251; More… EUR/USD’s fall is still in progress and intraday stays on the downside. Current down trend should target 1.0090 long term projection level. Break there will target Read more…
Daily Pivots: (S1) 1.1868; (P) 1.1929; (R1) 1.1982; More… Intraday bias in GBP/USD is turned neutral with current recovery. Some consolidations could be seen but outlook stays bearish as long as 1.2405 resistance holds. On Read more…
Sterling recovers today, in particular against Euro and Swiss Franc, after Boris Johnson resigns as UK Prime Minister. But Aussie is so far still the strongest for the day. Euro remains generally weak but Dollar Read more…
Don’t regret your tax and financial planning. A leading CPA says this is how you can have the financial future desired. “Could-have, should-have, would-have” stories are particularly painful when they were easily preventable. Then, self-blame Read more…
BoE MPC member Catherine Mann said, “what the research shows is when there is uncertainty about persistence versus transitory nature of inflation dynamics, it’s important to front-load policy.” Mann also noted the recent depreciation in Read more…