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Gold Dips To More Than 2-Week Trough On Firm Dollar And Hawkish Fed Bets
Article By:
The Gold Analyst
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Monday, April 25, 2022 2:15 PM EDT
Gold prices plunged to their lowest level since April 7 on the Federal Reserve’s anticipated aggressive tightening of monetary policy. The hawkish Fed bets, in turn, boosted the dollar to an almost two-year peak.
Musk Twitter Bid Becomes Less Virtual, More Risky
Article By:
Lipper Alpha Insight
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Monday, April 25, 2022 1:59 PM EDT
Elon Musk can finally say “funding secured” without getting into trouble. On Thursday, his bid for Twitter became less virtual with the disclosure that he’s lined up financing. It’s also become more risky, though.
Let’s Not Freak Out Over Last Friday
Article By:
Brad Thomas
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Monday, April 25, 2022 1:45 PM EDT
Last week was truly one for the record books. Behind all the anticipation around Elon’s Twitter buyout, the cease saga of CNN+, and Johnny Depp’s court case drama, there were big concerns brewing in the all-American business sector.
Morgan Stanley Upgrades Penn National Gaming, Says Barstool Provides 'Unique Customer Acquisition Opportunity'
Article By:
Wayne Duggan
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Monday, April 25, 2022 1:30 PM EDT
It's been a brutal year for Penn National Gaming, Inc investors, but the stock got a much-needed boost from a high-profile analyst upgrade on Monday.
JCPenney Owners Offer $8.6 Billion For Kohl's, NYPost Reports
Article By:
Tyler Durden
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Monday, April 25, 2022 1:15 PM EDT
Simon Property Group and Brookfield Asset Management ,the new owners of JCPenney, have allegedly made an offer to acquire department store retail chain Kohl's for $8.6 billion. Under the proposal, the two would buy Kohl's for around $68 per share.
Recalibrating On The Fly
Article By:
David Moenning
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Monday, April 25, 2022 1:00 PM EDT
As of last Tuesday, the market had a pretty good feel to it. But then it happened. Jay Powell started talking about declaring war on inflation. To say that the reference to Mr. Volcker's rate hikes spooked the market is an understatement.
In this article: SPX
Sellers Accelerate And Move Back To February/March Lows
Article By:
Declan Fallon
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Monday, April 25, 2022 12:44 PM EDT
A torrid Thursday and Friday last week saw markets push towards the lows of February/March after failed attempts to shape a higher low. Should we undercut these lows, we will have to consider the possibility for a larger measured move lower.
USD/JPY Technical Analysis: Chances Of Rising Are Strong
Article By:
Daily Forex
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Monday, April 25, 2022 12:30 PM EDT
Despite the halt of the recent gains in the USD/JPY currency pair, the trend is still bullish, as last week’s gains reached the currency pair’s 129.40 resistance level, the highest in 20 years. The pair closed last week's trading at the 128.53 level.
Where Next For The XLE?
Article By:
Anna Coulling
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Monday, April 25, 2022 12:16 PM EDT
Given the strength of the energy sector, I think this may be a good time to consider the charts from a volume price analysis perspective to see whether the sector has reached a technical pause point, or whether a deeper correction is on the horizon.
In this article: XLE
Crude Oil Can’t Resist Pressure
Article By:
Dmitriy Gurkovskiy
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Monday, April 25, 2022 11:56 AM EDT
Early in the final April week, oil prices are declining; Brent has reached $103.40.
Twitter Nearing Deal With Musk Sinks Trump-Linked SPAC
Article By:
The Fly
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Monday, April 25, 2022 11:33 AM EDT
Shares of Digital World Acquisition, the company that has a deal to take Donald Trump's social media platform Truth Social public, are under pressure following media reports saying that Twitter may be close to a deal to be bought by Elon Musk.
The Canadian Cannabis Report - Monday, April 25
Article By:
James Coleman
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Monday, April 25, 2022 11:29 AM EDT
The double digit decline in each of the 3 key MCCCI metrics signals increased option activity which may increase volatility in the sector.
Our World This Week: Netflix CEO's Choice Words On Crash Fallout
Article By:
Chris MacIntosh
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Monday, April 25, 2022 11:02 AM EDT
The way we see it, Netflix is but one of the grossly overvalued growth stocks that have succumbed to gravity in recent weeks.
In this article: NFLX
Why Markets Aren’t Ready For The Bank Of England To Start Selling Bonds
Article By:
ING Economics
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Monday, April 25, 2022 10:44 AM EDT
The BoE has said it will ‘consider’ selling gilts back into the market once Bank Rate hits 1%, which could be reached as soon as next week. But poor market liquidity and elevated volatility suggest the committee is more likely to hold off for now.
Euro Looks Set To See Even Deeper Losses
Article By:
KB Analytics
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Monday, April 25, 2022 10:27 AM EDT
The euro is now pressured by a stronger dollar, risk-off trades, geopolitical uncertainty, hawkish Fed, concerns over energy security in the EU, and rising economic worries in the region.
In this article: FXE