Short selling is a bearish strategy. A_Carina from Getty Images Signature; Canva What Is Short Selling? Most investors understand the wealth-building concept of “buying low and selling high,” but the opposite is true when it Read more…
Markets At first sight, the context for global trading today wasn’t much different from yesterday. Except for a strong US services ISM (58.3 vs 58.5 expected), there were again hardly any data with market moving Read more…
Fed Governor Lael Brainard said in a speech that FOMC will “continue tightening monetary policy methodically through a series of interest rate increases and by starting to reduce the balance sheet at a rapid pace Read more…
US ISM Services PMI rose from 56.5 to 58.3 in March, above expectation of 57.7. Looking at some details, business activity/production rose from 55.1 to 55.5. New orders rose from 56.1 to 60.1. Employment rose Read more…
Gold has found a balance, stabilising at around $1930. The pullback in gold from the highs reached on the 8th of March was in unison with the rebound in stock indices, i.e., reflecting capital flow Read more…
The Australian dollar is turning heads, as AUD/USD has jumped a massive 1.27% today. In the European session, the Australian dollar hit 0.7639, its highest level since June 2021. RBA says audieu to ‘patience’ If Read more…
The fast-food chain has an answer for a Wendy’s menu staple (it’s not a Baconator). McDonald’s (MCD) – Get McDonald’s Corporation Report rarely changes its menu. The fast-food chain was built on the idea of Read more…
US stocks are heading for a mildly weaker start as more sanctions are considered for Russia. ISM services PMI & Fed speakers are due later. US futures Dow futures -0.25 % at 34845 S&P futures Read more…
Daily Pivots: (S1) 122.38; (P) 122.66; (R1) 123.06; More… Intraday bias in USD/JPY remains neutral and consolidation from 125.09 could extend. Outlook stays bullish with 121.17 support intact and further rise is expected. On the Read more…
Tesla’s CEO has disclosed a 9.2% stake in Twitter, the principles of which he denounces. Elon Musk has become Twitter’s (TWTR) – Get Twitter, Inc. Report largest shareholder. And he was given a seat on the Read more…