News and analysis
Canadian dollar analysis: USD/CAD knocking on key 1.3605 support
USD/CAD is forming a potential descending triangle pattern into 1.3650 support ahead of key data tomorrow.
Suderman Says: Will announcing a peak in rates be a mistake?
Arlan Suderman notes that financial markets continued to rally after yesterday’s 25 basis point rate hike, as the central bank suggested an end to rate hikes is near by removing a line from its statement about "ongoing increases." Federal Chair Jerome Powell did his job, keeping Federal Open Market Committee (FOMC) members on the same page, while speaking with confidence regarding the economy and the banking sector. Will announcing a peak in rates be a mistake?
Paper trading: advantages and how to
Paper trading began as a way to practise trading before the existence of digital trading platforms. Today, paper trades refer to using demo accounts or other trading simulators to practice trading live markets without risks.
Nasdaq, Bitcoin, Gold among beneficiaries of falling rates expectations
The market is betting that we have reached a peak in terms of rate hikes and that from here looser monetary policy should follow.
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Block stock chopped as Hindenburg goes short: Where next for SQ stock?
Block shares have plunged after a short-seller accused the company of facilitating criminal activity and inflating its figures.
Precious moments: Gold rallied towards $2,000 on rate rise, markets favor its safe haven status
Rhona O'Connell notes that Gold edged higher before and during yesterday’s FOMC meeting, closing on the $2,000 per ounce level last seen in august 2020, and 14% up year-to-date. Gold will end the year at $2,070 per ounce in the view of O'Connell, StoneX Head of Commodity Market Analysis for EMEA & Asia.
US Open: Stocks rise post Fed, US jobless claims fall
Stocks edge higher after steep losses yesterday. Banks recovery from Yellen's comments and US jobless claims unexpectedly fall.
BoE lifts interest rates to highest since 2008
A 25-basis point rate hike was mostly priced in, especially in light of the latest inflation data that was released on Wednesday
Reddit stocks: what meme stocks are trending?
Reddit has become a hub for social-media driven traders and investors that have proven their ability to move the markets, injecting huge volatility into stocks like GameStop and AMC. But what stocks are grabbing attention on Reddit today?
A guide to the banking crisis: What happened and what comes next?
Markets have been rocked by the biggest banking crisis since the 2008 financial crash.
Two Trades to Watch: GBP/USD, Gold
GBP/USD rises ahead of BoE rate decision. Gold rises post Fed and looks to jobless claims.
European Open: BOE and SNB could be live meetings today
With the FOMC meeting in the rear view mirror, the focus now shifts to Europe where the UK and SNB announce their interest rate decisions.
Are US deposits safe? Don’t bank on it Nasdaq bulls
US treasury secretary Janet Yellen has arguably stolen the show from the FOMC meeting, thanks to her comments on banking deposits which saw Wall Street slide into the close.
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