Wood’s Ark Investment Management bought a series of biotech stocks, as it has done repeatedly in recent sessions. Renowned investor Cathie Wood, chief executive officer of Ark Investment Management, again bought biotechnology stocks Wednesday, including Read more…
ETHUSD (Ethereum) has been experiencing a downside correction after its short-term uptrend stalled at the 3,590 region last week. Although the 50-day simple moving average (SMA) paused the price’s recent pullback, it seems like the Read more…
US stocks are set for a muted start. Twitter and US banks are in focus after Elon Musk’s hostile bid and as earning seasons steps up a gear. US futures Dow futures -0.01 % at Read more…
Retail sales continued to make progress with an increase of 0.5% month-on-month (m/m), just a notch below the consensus estimate for an increase of 0.6%. February’s reading was revised up to 0.8% m/m from 0.3% Read more…
The crypto exchange has just launched a project in a sector it doesn’t really know. Are you ready for “Planet of the Bored Apes'”? Cryptocurrency exchange platform Coinbase Global (COIN) said it is planning to Read more…
New York Fed President John Williams told Bloomberg TV that a 50bps rate hike in May is a “reasonable option” because the “federal funds rate is very low”. He added, “we do need to move policy Read more…
Daily Pivots: (S1) 125.23; (P) 125.78; (R1) 126.20; More… Intraday bias in USD/JPY remains neutral for the moment but further rise is expected with 124.75 support holds. On the upside, sustained break of 125.85 will Read more…
Meta plans to take a big chunks sales made by its metaverse creators as fees. Life lesson for today: there ain’t no such thing as a free metaverse. Meta Platforms (FB) – Get Meta Platforms Read more…
Daily Pivots: (S1) 0.9322; (P) 0.9340; (R1) 0.9365; More…. USD/CHF’s strong rally and break of 0.9380 resistance suggests that correction from 0.9459 has completed with three waves down to 0.9193. Intraday bias is back on Read more…
Daily Pivots: (S1) 1.3021; (P) 1.3069; (R1) 1.3165; More… Intraday bias in GBP/USD remains neutral for the moment. Another fall will remain in favor as long as 1.3165 resistance holds. Break of 1.2971 will resume Read more…