In the first three quarters of 2024, the GBP/CAD exchange rate has experienced a notable resurgence, climbing over 7% and breaching the pivotal threshold of 1.800. This level holds considerable significance, as it hasn’t sustained itself above this mark since 2016. Despite previous uprisings in 2018 and the frantic market movements during the onset of
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In the ever-evolving landscape of currency trading, the AUD/USD currency pair remains a focal point for traders aiming to capitalize on fluctuations. Recent market behavior indicates that even amid extensive ranges, opportunities arise for adept traders to identify entry and exit points. Notably, since the low registered in October 2022, the AUD/USD pair has experienced
Italy’s banking sector is primed for a transformation, with analysts predicting a wave of mergers and acquisitions in the near future. Following the sovereign debt crisis and the government’s intervention to rescue Banca Monte dei Paschi (BMPS), there is renewed interest in the sector. Antonio Reale, co-head of European banks at Bank of America, believes
Berkshire Hathaway recently made a strategic move by trimming its gigantic Bank of America holding for the first time in 4½ years. This decision came after Bank of America’s strong 2024 run, where Warren Buffett’s conglomerate sold 33.9 million shares of Bank of America for almost $1.5 billion in separate sales. This marked a significant
Traders have been closely monitoring the USDCHF currency pair, especially after the recent breakout that confirmed a bearish bias. The completion of a medium-term bullish corrective cycle in April 2024 marked a significant turning point for the pair. The weekly chart analysis revealed a supercycle 4th wave completion in December 2016, indicating the beginning of
The USD/JPY pair has shown strength by breaking through the 158.20 resistance level. This has allowed the pair to rise towards the 159.20 resistance area, with the potential to reach the 160.00 level. The technical indicators, such as the 100 and 200 simple moving averages, are supporting this bullish movement. However, it is essential to
Costco Wholesale Corp. (COST) has been under the lens of Elliott Wave analysts, particularly in terms of its impulsive trend and motive structure. The analysis indicates that COST is currently in wave 5, specifically within wave {iii} of 5, suggesting an upward trajectory. Following the completion of the triangle in wave 4, wave {ii} of
As Roaring Kitty, also known as Keith Gill, observes the fluctuating GameStop shares, he faces a tough decision regarding his substantial options position that is nearing expiration. His current holdings include 5 million GameStop common shares and 120,000 call options, representing 12 million underlying shares. The call options have a strike price of $20 and
The incoming Mexican president, Claudia Sheinbaum, is faced with the daunting challenge of fulfilling her campaign promises to enhance social programs amid a surge in the budget deficit. In his final year in office, President Andres Manuel Lopez Obrador increased spending to complete infrastructure projects and expand welfare programs, leading to a budget deficit of
The GBP/USD pair is currently experiencing a surge in bullish momentum as it climbs above the 1.2700 zone. This increase is supported by a key rising channel with resistance at 1.2785 on the 4-hour chart. The British Pound has managed to form a base above the 1.2640 zone against the US Dollar, indicating a potential
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The recent departure of Adam Dodds, the CEO of U.K. stock trading service Freetrade, has sparked a wave of changes within the company. As Dodds steps down and hands over the reins to Viktor Nebehaj, it signifies a new chapter for Freetrade. This transition comes at a crucial point in the company’s growth trajectory, as