Some market pros see the frenzied short squeezes in Gamestop and other stocks as signs of a bubble brewing, but the Federal Reserve doesn’t seem to and for that reason investors expect asset prices could continue to rise. Fed Chairman Jerome Powell, at his post meeting briefing Wednesday, was asked about the potential of Fed
NBCUniversal kicks off it’s new Peacock streaming service. Todd Williamson | Peacock | NBCUniversal | Getty Images Comcast is set to report fiscal fourth-quarter earnings before-the-bell on Thursday. Here are the key numbers Wall Street is expecting: Earnings per share: 48 cents expected, according to Refinitiv survey of analysts. Revenue: $26.78 billion expected, according to
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CME Group’s flash data for crude oil futures markets noted traders increased their open interest positions for the sixth consecutive session on Wednesday, this time by almost 28K contracts. In the same line, volume reversed two daily pullbacks in a row and went up by around 253.2K contracts. WTI remains capped by $54.00 WTI’s price
The success of the GameStop short squeeze in pumping the price above $370— and the reaction from centralized authorities and markets to it — has highlighted the need for decentralized finance, according to some in the crypto industry. The stock, which was trading at less than $20 per share earlier this month, was deemed by
Some before and after The USD moved higher through the presser from Powell: EURUSD 1.2105 to 1.2100 GBPUSD 1.3704 to 1.3680 USDJPY 104.13 to 104.19 USDCHF 0.8889 to 0.89 2 AUDUSD 0.7675 to 0.7656 NZDUSD 0.7176 to 0.7160. The USD remains the strongest and the AUD remains weakest US stocks moved lower: S&P index -78.14 to -98.96 NASDAQ -238 to -369 points Dow -492 points to -596 points In the US debt
The hunt is on for the next big short squeeze trade on r/wallstreetbets and elsewhere Maybe some of the tech analysis folks can weigh in with thoughts, not just on the XAG price chart but on option interest/charts? WSB murmuring about $25 to $1,000 …. Something to keep an eye on For bank trade ideas,
Gold fell after the Federal Reserve left its benchmark interest rate unchanged and stuck with the current pace of bond-buying, aiding the dollar and putting bullion on course for the worst start to a year in a decade. The Fed repeated it would maintain bond-buying at $120 billion per month until “substantial further progress” toward
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks sank -11.71 mmb to 1321.88 mmb in the week ended January 22. Crude oil inventory dropped -9.91 mmb (consensus: +0.43 mmb) to 476.65 mmb. Stockpile decreased in 4 out of 5 PADDs. PADD 3 (Gulf
Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters Federal Reserve Chairman Jerome Powell will try to avoid sounding hawkish in any way when he talks Wednesday afternoon about the Fed’s commitment
Employees work at the Tesla Gigafactory in Shanghai, east China, Nov. 20, 2020. U.S. electric car company Tesla in 2019 built its first Gigafactory outside the United States in the new Lingang area, with a designed annual production capacity of 500,000 units. Ding Ting | Xinhua News Agency | Getty Images Tesla is expected to
GBP/USD bulls in the driver’s seat on a longterm analysis. The higher volume nodes are located in the 1.3820/30 area. As per prior analysis at the start of the year, GBP/USD Price Analysis: Bulls seeking a 1.3750 daily extension, the pair has indeed forced its way to the target. Prior analysis, monthly & daily charts Live market Low
Bitcoin (BTC) retested the $30,000 support on Jan. 27 as a day of losses culminated in violation of the psychologically significant price level. BTC/USD 1-minute candle chart (Bitstamp). Source: Tradingview BTC price spooks amid GameStop row Data from Cointelegraph Markets and Tradingview showed any bullish momentum left in Bitcoin dissipate on Wednesday after rejection at highs
Still down sharply The NASDAQ index open down around -1% and tumbled lower. The low percentage the client reach -2.33% before the price started to rebound. The index has moved back toward the opening levels but still remains down on the day. Looking at the hourly chart, at the lows the index tested the 50 hour MA at 13303.76. Just
The evidence that this is forced liquidation The heavy selling in equities to me look like liquidation of longs to cover loses in shorts. The $GME squeeze alone might have caused more than $30 billion in losses. There are squeezes on other heavily-shorted stocks as well. When there’s a fund liquidating, word gets out and
Gold in the national capital declined Rs 231 to Rs 48,421 per 10 gram on Wednesday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 48,652 per 10 gram. Silver also dipped Rs 256 to Rs 65,614 per kilogram from Rs 65,870 per kilogram in the previous trade. The