On a day when the Dow Jones Industrial Average looked like it might make a run at a new all-time high, Boeing was a surprise laggard. Wall Street was expecting a huge order for new Read more…
Stalled US-Iran talks support high oil prices and periodic risk-off market moves. Focus shifts to new Fed Chair and Fedspeak as inflationary pressures accelerate. Nvidia earnings could extend or derail the US equity rally; gold Read more…
Sebastian reflects on Robin Sloan’s distinction between software’s flood fill and the magic circle of the physical world. It’s a sharp piece on where AI coding feels limitless, and where paper, printers, post offices, and Read more…
Daily Pivots: (S1) 1.3352; (P) 1.3442; (R1) 1.3490; More… Intraday bias in GBP/USD remains on the downside as fall from 1.3657 is in progress. Retest of 1.3158 support should be seen next. Decisive break there Read more…
Daily Pivots: (S1) 0.7813; (P) 0.7826; (R1) 0.7846; More…. Intraday bias in USD/CHF remains on the upside as rebound from 0.7760 continues. Break of 0.7923 resistance will argue that fall from 0.8041 has completed as Read more…
Daily Pivots: (S1) 157.62; (P) 158.01; (R1) 158.74; More… Intraday bias in USD/JPY remains on the upside as rise from 155.01 is in progress. As this rebound is seen as the second leg of the Read more…
Daily Pivots: (S1) 1.1647; (P) 1.1684; (R1) 1.1703; More…. EUR/USD’s decline continues today and the break of 1.1639 resistance turned support suggests that rebound from 1.1408 has completed as a corrective three-wave move at 1.1848. Read more…
DraftKings investors have been waiting for the company to prove that its online betting business can keep expanding while new growth bets start to take shape. In a Morgan Stanley note shared with TheStreet, analyst Read more…
Risk sentiment deteriorated sharply today as investors concluded that the Trump-Xi summit failed to deliver a credible diplomatic breakthrough on the Strait of Hormuz, forcing markets to begin pricing a longer-lasting inflation shock tied to Read more…
Shares of Qualcomm (QCOM) are pulling back this week after a massive post-earnings rally. The semiconductor rally slowed this week, with Qualcomm shares plunging more than 11% on May 12 and another 6% on May Read more…