Short sellers are betting more against SPACs
Venture capitalist Chamath Palihapitiya. Mark Kauzlarich/Bloomberg via Getty Images Blank check funds are hot. Wall Street investors are increasingly betting against them. Short positions in special purpose acquisition companies, or SPACs, is at $2.7 billion, more than triple the $765...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair Technical indicators of the currency pair: Prev Open: 1.1948Prev Close: 1.1926% chg. over the last day: -0.18% The euro continues to decline gradually, but at the same time, it does not go beyond the boundaries of...
Technoking, Bitcoin And The Fed
Technoking of Tesla Elon Musk now gets investors to a very unusual and completely unprecedented series of absurd discussions on what does he mean by his new title. So, the CFO’s new title of ‘Master of Coins’ is more understandable,...
Sterling Dips Against Euro and Swiss, S&P 500 Hit New Record
Markets remain cautious overall. While DOW and S&P 500 hit new record highs overnight, the gains were just modest. Gold and WTI oil are also both stuck in tight range, awaiting breakout. In the currency markets, Sterling is apparently under...
Roaring economy will benefit more than just reopening trades, Credit Suisse analyst says
Credit Suisse’s Jonathan Golub is urging investors to get clever with recovery plays. He’s advocating a broad strategy that goes beyond reopening trades such as airlines and hotels. “It could be metals and mining companies. It could be machinery and...
NZ Dollar Steady Ahead of Consumer Sentiment
The New Zealand dollar is in positive territory in the Monday session. Currently, NZD/USD is trading at 0.7186, up 0.17% on the day. NZD looked strong throughout last week, but surrendered most of these gains on Friday, as the pair...
Elliott Wave Analysis: Crude Oil Can Find a Support Near $6
Crude oil is turning down despite after OPEC+ countries agreed to extend the majority of production cuts through April. We saw price spiked highe after that news and it is coming down now. However, we think this can be only...
Canadian Dollar Strong in Subdued Markets, Yen Weak
Trading is generally subdued in the markets today. European indices are stuck in very tight range while US futures point to slightly higher open. Both gold and oil are bounded in consolidative trading. Bitcoin was short to new record high...
Shift in U.S. spending emphasis ‘almost the end of Reaganomics,’ strategist says
U.S. President Joe Biden attends an event where he announced administration plans to double its order of the single-shot Johnson & Johnson coronavirus vaccine, procuring an additional 100 million doses, in the South Court Auditorium at the White House in...
GOLD Recovers From 1,700.00
Gold found support in the 1,700.00 price level. It resulted in a surge, which by the middle of Monday’s European trading hours had reached above the 1,730.00 level. In the case of the surge continuing, the price could test the...
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