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Category: Cryptocurrencies

Cryptocurrencies

Reality Bites: Cathie Wood’s Flagship Suffers Outflow

Ark Innovation ETF has dropped 56% so far this year, as Wood’s technology companies have hit the skids. Ark Innovation ETF  (ARKK) – Get ARK Innovation ETF Report, the flagship fund of renowned investor Cathie Read more…

By , 4 years ago September 2, 2022
Cryptocurrencies

What Is Trading Volume? Definition & Importance

ThanumpornThongkongkaew from Getty Images; Canva What Is Trading Volume? How much trading interest does a security have? One way to measure it is by looking at its trading volume. This represents the total number of Read more…

By , 4 years ago September 2, 2022
Cryptocurrencies

Broadcom Faces Key Resistance Zone Now After Earnings Rally

Broadcom stock is rallying on earnings, but faces a key resistance zone. Here’s how the charts look now. Shares of Broadcom  (AVGO) – Get Broadcom Inc. Report are rallying nicely on Friday, up about 4.5% after Read more…

By , 4 years ago September 2, 2022
Cryptocurrencies

Weekly Economic & Financial Commentary: Labor Market Report Complicates FOMC’s Decision on September 21

Summary United States: August Rush Employers added 315K new names to their payrolls in August, but there were an additional 786K people looking for work. Amid such a rush into the labor market, the unemployment Read more…

By , 4 years ago September 2, 2022
Cryptocurrencies

Week Ahead – Rate Hikes Keep Coming

US The countdown to the September 13 inflation report begins as investors fixate over a wrath of Fed speak, with special attention going towards Chair Powell’s Thursday discussion on monetary policy. It is a slow Read more…

By , 4 years ago September 2, 2022
Cryptocurrencies

Cannabis News Week: Cannabis Takes a Bite Out of Pharmaceutical Industry

Labor strife is hitting Canada’s cannabis industry at a time when retailers are still trying to work through its inventory glut. It’s not just the pro-prohibition types that are angry about the wave of states Read more…

By , 4 years ago September 2, 2022
Cryptocurrencies

US NFP Close to Expectations. Will it Make a Difference to the Fed?

There doesn’t appear to be anything that would sway the Fed’s rate decision for either a 50bps increase or a 75bps increase at the next meeting. US Non-Farm Payroll for August showed a gain of Read more…

By , 4 years ago September 2, 2022
Cryptocurrencies

The Weekly Bottom Line: Canada – Full Steam Ahead to Hike Rates

U.S. Highlights A strong week for economic data as the ISM manufacturing index and the payrolls report surprised to the upside. The details of both reports showed improvements on the supply-side of the economy as Read more…

By , 4 years ago September 2, 2022
Cryptocurrencies

Will Another 50bps Hike by the RBA Lift the Aussie?

With the Australian economy performing relatively well compared to others and inflation rising to its highest in 21 years, the Reserve Bank of Australia (RBA) is all but certain to hike interest rates when it Read more…

By , 4 years ago September 2, 2022
Cryptocurrencies

Week Ahead – ECB Decision Highlights Central Bank Trifecta

An action-packed week lies ahead, featuring central bank meetings in the Eurozone, Canada, and Australia, an output decision from the OPEC cartel, and the selection of the next UK prime minister. The ECB will likely Read more…

By , 4 years ago September 2, 2022

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