Ark funds snagged several tech stocks that have struggled recently. Wood maintains that a drop in tech stocks is a buying opportunity. Investment luminary Cathie Wood, chief executive of Ark Investment Management, on Thursday bought Read more…
GBPAUD’s recent bullish impetus from the early April 4¼-year low region has run out of steam just beneath the mid-Bollinger band at 1.7468. The longer-term 100- and 200-period simple moving averages (SMAs) are suggesting that Read more…
The U.S. economy added 428k jobs in April, coming in well above the consensus forecast of 380k. As of April, total payroll employment remains 0.8% below February 2020 levels. Downward revisions subtracted 39k jobs from Read more…
The Canadian labour market gained 15k positions in April, with full-time employment down -31k and part-time employment up 47k. The unemployment rate dropped by 0.1 percentage points, to 5.2%. The participation rate was little changed Read more…
The USDJPY returned to bullish mode, after shallow pullback from new 20-year high found firm ground at 129 zone, contained by rising 10DMA and Fibo 23.6% of 121.27/131.24 upleg. Bulls are establishing above 130 level, Read more…
Stock look set to extend yesterday’s steep selloff despite NFP headline number beating forecasts. US futures Dow futures -0.5 % at 33211 S&P futures -0.7% at 4187 Nasdaq futures -0.96% at 13112 In Europe FTSE Read more…
The legacy carmaker has just started production of the long-awaited F-150 Lightning, an electric version of the best-selling F-150. Ford (F) – Get Ford Motor Company Report is launched and nothing seems to stop the automaker Read more…
Daily Pivots: (S1) 129.79; (P) 130.04; (R1) 130.38; More… Intraday bias in USD/JPY remains neutral at this point. Also, near term outlook stays bullish with 126.91 support intact and further rally is expected. On the Read more…
Daily Pivots: (S1) 0.9743; (P) 0.9817; (R1) 0.9923; More…. Intraday bias in USD/CHF remains on the upside at this point. Sustained trading above 0.9864 will pave the way to next target at 1.0342 high. For Read more…
Daily Pivots: (S1) 1.2242; (P) 1.2439; (R1) 1.2552; More… Intraday bias in GBP/USD stays on the downside at this point. Firm break of 161.8% projection of 1.3641 to 1.2999 from 1.3297 at 1.2258 will target Read more…