Category: Short
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Bitcoin Short Squeeze Could Catapult Price To New All-Time High
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This article is also available in Spanish. Bitcoin has seen incredible price momentum over the past two weeks. This momentum, which surprised many, led to Bitcoin breaking higher Psychological price level $65,000 once again. According to price data, Bitcoin traded as low as $52,820 on September 6. Related reading Its…
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Bitcoin Short Squeeze Could Catapult Price To New All-Time High
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This article is also available in Spanish. Bitcoin has seen incredible price momentum over the past two weeks. This momentum, which surprised many, led to Bitcoin breaking higher Psychological price level $65,000 once again. According to price data, Bitcoin traded as low as $52,820 on September 6. Related reading Its…
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BofA: Chart: Go short gold vs. silver. Entry, target, stop, and rationale
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Bank of America recommends shorting gold against silver at 83.50, with a target of 78.50/75.00 and a stop of 87.50. Key points: gold: Price targets for 2024 at 2368, 2538 and 2643 have already been achieved, with the next target at approximately 2733. However, Bank of America advises against chasing…
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‘Big Short’ investor Michael Burry bet half of his portfolio on Chinese stocks. It’s finally starting to pay off.
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Popular “big short” investor Michael Burry is cashing in on the recent rally in Chinese stocks. Burry’s Scion Asset Management invests nearly half of its portfolio in Chinese technology giants such as Alibaba. China’s recent stimulus measures, including interest rate cuts, led to higher stock gains. the Chinese stocks rise…
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The USDCAD tries to keep a short term negative bias below a cluster of moving averages
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As the week comes to a close, it is important to take a look at the USDCAD currency pair with an eye to the week ahead. This week, price action became more volatile on Wednesday thanks to the FOMC decision on interest rates. The initial move was to the downside,…
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The USDCAD tries to keep a short term negative bias below a cluster of moving averages
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As the week comes to a close, it is important to take a look at the USDCAD currency pair with an eye to the week ahead. This week, price action became more volatile on Wednesday thanks to the FOMC decision on interest rates. The initial move was to the downside,…
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Artificial Superintelligence Alliance (FET) Becomes Market Favorite Yet Falls Short to Millionaire Meme Maker Mpeppe
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This article is also available in Spanish. In the rapidly evolving world of cryptocurrencies, artificial intelligence has become one of the most promising sectors. The Super AI Alliance has positioned itself as a leader in this space, with its blockchain-based platform designed to power a decentralized digital economy. However, despite…
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Artificial Superintelligence Alliance (FET) Becomes Market Favorite Yet Falls Short to Millionaire Meme Maker Mpeppe
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This article is also available in Spanish. In the rapidly evolving world of cryptocurrencies, artificial intelligence has become one of the most promising sectors. The Super AI Alliance has positioned itself as a leader in this space, with its blockchain-based platform designed to power a decentralized digital economy. However, despite…
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China stops short of Africa debt relief as pledges more cash By Reuters
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By Duncan Merry and Laurie Chen NAIROBI/BEIJING (Reuters) – China declined to provide debt relief sought by several African countries this week, but pledged 360 billion yuan ($50.7 billion) over three years in credit lines and investments. Launched in 2000, the Forum on China-Africa Cooperation (FOCAC) has taken on an…
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Met announces onset of short rains season
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The Kenya Meteorological Department has warned of short rains expected in various parts of the country from October to December. Speaking to reporters in Nakuru on Wednesday, the Director of the Meteorological Department, David Gikongo, said the western part of the country extending to the central parts of the Rift…
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Vote With Your Feet: A Short Story
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“Give me freedom or death!” Ben James said, flicking his fork in the air for emphasis. I smiled at my husband as he enjoyed the steak I’d grilled in the backyard. He was telling me about the second castle he wanted to build, this one of ours, one that would…
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Leveraged funds’ yen net short position shrinks on carry trade unwind By Reuters
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Written by Saqib Iqbal Ahmed NEW YORK (Reuters) – Leveraged funds’ net short positions in the Japanese yen shrank to their smallest net short position since February 2023 in the latest week, data from the U.S. Commodity Futures Trading Commission and the London Stock Exchange showed on Friday. Data through…
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Hedge funds make massive retreat from short yen positions, UBS says By Reuters
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Written by Summer Chen HONG KONG (Reuters) – Global hedge funds have largely pulled back from their bearish bets on the Japanese yen during the currency’s strong rally against the U.S. dollar over the past two weeks, according to a note to clients by UBS seen by Reuters on Tuesday.…
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In race to regain rare earth glory, Europe falls short on mineral goals By Reuters
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Written by Eric Onstad LONDON (Reuters) – Four decades ago, a rare earths processing plant on France’s Atlantic coast was one of the world’s largest, producing materials used to make colour televisions, arc lights and camera lenses. Its current owner Solvay (EBR:) is racing against time to restore its La…
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Short seller Hedgeye sees 30% downside in monday.com
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The US hedge fund researcher is not in line with analysts covering the Israeli business operating system company, who see an upside in monday.com. Israeli business operating systems company monday.com (Nasdaq: MNDY) The stock price was on a roll last weekend on Wall Street, falling 3.3% on Thursday and rising…
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Declining short interest is what makes S&P 500 vulnerable: JPMorgan By Investing.com
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JPMorgan warns that this could be at risk due to declining short interest in key ETFs such as SPY and QQQ. Analysts at the bank point out that this decline was “providing steady support for US stocks over the past year, helping to suppress volatility.” In simpler terms, fewer investors…
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Short selling making some Israeli stocks highly volatile
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Last Friday, two Israeli stocks attracted attention on Wall Street: Oddity Tech (Nasdaq: ODD) and Mobileye (Nasdaq: MBLY). The first percentage increased by more than 20%, and the second by slightly less than 16%. On the face of it, there is no connection between the cosmetics company and the automotive…