Possible Promise
Make Your Future Promise Possible
Source: Forexlive
Breaks out of 14+ trading range The USDJPY had been trading in a non-trending range over the last 14+ trading days. The low was at 108.328. The high was at 109.357 with a number of tests of each extreme over the last 3 weeks. By Greg Michalowski
Source: Benzinga
One of the most common questions traders have about stocks is “Why Is It Moving?” That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro . WIIMs are a one-sentence description as to why that stock is moving. Here’s the latest analyst … Full story available on Benzinga.com
Source: FXStreet
USD/JPY has finally pushed to a fresh cycle high above 109.36 after spending a week or two in consolidation mode. However, economists at TD Securities
Source: Business Insider
Summary List Placement Deliveroo’s hotly anticipated listing on the London Stock Exchange received a fresh blow on Friday, as David Coombs, head of multi asset investing at UK-asset manager Rathbones, told Insider his funds would not invest in the food delivery company’s IPO because of several concerns around the business model. Coombs, who oversees around $2.7 billion, according to Bloomberg data, joins other heavyweight UK firms like Legal and General, Aviva Investors and Standard Life Aberdeen to avoid the blockbuster IPO. These three firms collectively manage over $2.9 trillion. Deliveroo, which is part-backed by Amazon, is targeting a valuation of up to £8.8 billion ($12.12 billion) at IPO, which would make it London’s largest since commodity miner and trader Glencore listed in 2011. But, the company has issues on “just about every level,” Coombs told Insider, highlighting potential unprofitability and workers’ rights issues. “I’m not making a moral judgment, this is a business risk issue… but it doesn’t fit a multi-asset stock on multiple levels,” he said.
Source: FXStreet
Strong bullish acceleration extends into second day and breaks through Fibo barrier at 109.56 (76.4% of 111.71/102.59), on track for eventual weekly c
Source: Benzinga
Ride-hailing firm Uber Technologies Inc (NYSE: UBER ) is planning to reopen its Mission Bay, San Francisco, offices with 20% occupancy on March 29, and allow the staff to return to work on a “voluntary basis,” Reuters reports . Uber had … Full story available on Benzinga.com
Source: Business Insider
Summary List Placement Twitter boss Jack Dorsey on Thursday was busted tweeting a saracastic poll during a congressional hearing about misinformation on social media platforms. Lawmakers grilled Dorsey, as well as Google CEO Sundar Pichai and Facebook CEO Mark Zuckerberg , about their sites’ handling of vaccine misinformation, election fraud claims, and online extremism. Congress asked the three CEOs to answer “yes or no” to a range of complicated, extensive questions. Lawmakers sometimes interrupted if the CEOs tried to give longer answers. During the hearing, Dorsey took a jab at the tactic by tweeting a poll that was simply a question mark, asking Twitter users to vote “yes” or “no.” Read more: Here are some of the potential future CEOs in big tech, and how much they’re currently paid Democratic Rep. Kathleen Rice picked up on Dorsey’s tweet and asked him: “Mr Dorsey, what is winning, yes or no, on your Twitter account poll?” Dorsey said that “yes” was in the lead. Rice replied: “Hmm, your multitasking skills are quite impressive.” At the time of publication, the poll has more than 97,000 votes.
Source: FXStreet
USD/JPY added to its weekly gains and edged higher for the third consecutive session on Friday. A bullish flag breakout is in play, with the pair seei
Source: FXStreet
The US Dollar surged by 67 pips or 0.54% against the Canadian Dollar on Thursday. The currency pair breached the 50– hour simple moving average during
Source: Forexlive
Gold hasn’t been doing much in trading this week Even with the ebb and flow in the dollar, gold has managed more sideways action if anything else in the market this week. Treasury yields retreated from the highs last week but has kept above 1.60%, so that still leaves some potential headwind for gold. By Justin Low
