Ryan Cohen’s RC Ventures boosted its stake in GameStop this week as the meme stock favorite tests the highest levels of the year. GameStop (GME) – Get GameStop Corp. Class A Report shares surged higher in Read more…
Stock futures edge lower, oil leaps on sanctions talk; Fed Chair Powell on deck as bonds flash recession risk; GameStop shares surge as Ryan Cohen boosts stake; Adobe shares slip lower after muted Q2 cloud Read more…
EUR/GBP falls after UK inflation, Chancellor’s spring statement next UK CPI rose to 6.2% YoY in February, up from 5.5% in January and ahead of the 6% forecast driven by energy, food, and fuel costs Read more…
BTC rose 3.5% on Tuesday. At the peak of the day, the rate exceeded $43.2K, but by Wednesday morning it rolled back to $42K, demonstrating a 0.7% correction. Ethereum is losing 1% over 24 hours, Read more…
After the traditional January reset, UK consumer prices continued their flight. Morning data showed that CPI rose by 0.8% last month and 6.2% year-over-year. This data is 0.2 percentage points above market expectations, indicating that Read more…
NZDUSD posted a fresh four-month high at 0.6973 today, but the bulls have yet to successfully breach the 61.8% Fibonacci retracement level of the down leg from 0.7220 to 0.6524 at 0.6950. The MACD oscillator is strengthening Read more…
USDJPY stretched Tuesday’s exponential rally to a fresh 6-year high of 121.40 on Wednesday, boosting its gains by 5.2% so far in March. The market structure is strongly bullish, underpinned by the upward sloping simple Read more…
Concerns over hawkish policy tightening fuel global bond selloff US yield curve heads towards inversion, signifying rising recession fears Global stocks continue to find a bid Further signs of stagflation could pull the rug from Read more…
Markets Monday’s post-Powell bond market sell-off simply continued. A 50 bps rate hike (in May) apparently has become the preferred scenario not only for the hawkish wing within the Fed (Bullard, Bostic). Moderates (Mester/Daly) also Read more…
The British Pound started a steady increase above the 1.3200 resistance zone against the US Dollar. The GBP/USD pair even broke the 1.3250 level. It even spiked above the 1.3280 level and settled above the Read more…