Short Term Elliott Wave View in AUDUSD suggests cycle from April 5 high ended at 0.7027 in wave (1). Down from April 5 high, wave 1 ended at 0.7396 and rally in wave 2 ended Read more…
The FOMC meeting was an out and out exercise in understanding positioning, rates pricing and market sentiment. This was a factor we brought up in the FOMC preview and we’ve seen these dynamics play out. Read more…
Traders may look at today’s press conference as marking “peak hawkishness” for the Fed, at least in the short term… What did the Fed do? As almost universally expected, the Federal Reserve opted to raise Read more…
Summary As universally expected, the FOMC raised its target range for the federal funds rate by 50 bps today. The range now spans 0.75% to 1.00%. The Committee also announced a plan to begin shrinking Read more…
Cuban’s views came to light after chief operating officer at a cryptocurrency company he backed was fired for résumé lies. Cryptocurrencies are hot for a lot of reasons — the lure of big profits, the Read more…
The latest Marvel film is a big swing, but does it connect? Marvel taketh away, and Marvel giveth. This week sees the culmination of Disney+’s (DIS) – Get Walt Disney Company Report warmly received Marvel show Read more…
Meta Platforms COO Sheryl Sandberg said that the news of potentially overturning established law on abortion rights had created a “scary day.” The revelation of a leaked U.S. Supreme Court majority opinion overturning Roe vs. Read more…
The demand for ride-sharing is back, but the drivers aren’t. Demand for ride-sharing services for Lyft (LYFT) – Get Lyft, Inc. Class A Report and Uber (UBER) – Get Uber Technologies, Inc. Report plunged heavily during the Read more…
The Consumer Financial Protection Bureau found illegal garnishment orders and ordered the bank to pay customers back. Th garnishment orders conducted by Bank of America ( (BAC) – Get Bank of America Corp Report) against Read more…