Sterling rallies for 3rd day after BoE bond buys; U.S. dollar down

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Sterling rose sharply in volatile trading on Thursday, rallying from record lows hit on Monday, after the Bank of England conducted a second day of bond buying to stabilize financial markets. The pound posted its largest one-day percentage gain since March 2020 and last traded at $1.1076, up […]

Bed Bath & Beyond says turnaround gaining traction as it posts Q2 loss

By Arriana McLymore (Reuters) -Bed Bath & Beyond Inc on Thursday said it is seeing early signs that efforts to clear excess inventory are working and it expects its cash flow to break even in the fourth quarter, even as it reported a bigger-than-expected second-quarter loss. “Of the owned brand inventory that we targeted and […]

Wedge Pattern Breakouts: Explosive Winning Trades

Prices move in patterns! This is due to one basic investment truism. Human nature exhibits the same habits when it comes to managing investment funds which are at risk. Investor sentiment reacts the same way time after time. This is why patterns can be recognized. The Wedge formation is a pattern that incorporates very simple […]

5 Things You Need to Know About Trading Options Butterflies

Butterflies provide a low-risk high reward trading opportunity. Market direction can go through months, and even years of higher than usual uncertainty. Technical analysis may be painting one picture, while the economic or political environment is painting another. This can be both stressful and costly. The Butterfly strategy offers a solution to this dilemma that […]

Senator Warren, other lawmakers ask FTC to block Amazon’s iRobot deal -Axios

(Reuters) – A group of lawmakers led by Democratic U.S. Senator Elizabeth Warren is asking the Federal Trade Commission (FTC) to reject Amazon.com Inc’s $1.7 billion deal to buy Roomba vacuum maker iRobot Corp, Axios reported on Thursday, citing a letter. The FTC last week had asked Amazon and iRobot for more information on the […]

SPX and VIX Trading

Jim Cramer calls me his ‘VIX GUY’ because when he has VIX questions I have the answers. It’s not that I am super smart or some sort of mathematician, it’s because I had the opportunity to trade at the firm that rolled out the product. Being in close proximity to the brains behind the index helped […]

Fed to take rates higher than previously expected; more pain ahead

By Indradip Ghosh BENGALURU (Reuters) -The Federal Reserve will hike its key interest rate to a much higher peak than predicted two weeks ago and the risks are skewed towards an even higher terminal rate, according to economists polled by Reuters. That change in expectations came after the Fed raised rates by 75 basis points […]

Just Eat Takeaway shares leap 10% on forecast of underlying profit

AMSTERDAM (Reuters) -Just Eat Takeaway.com NV, Europe’s largest online food ordering and delivery company, said on Tuesday it expected to make an underlying profit in the second half of 2022, sooner than previously forecast. The company’s shares jumped by 10% to 15.74 euros in Amsterdam shortly after the announcement. Just Eat said in a statement […]

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    Sterling rallies for 3rd day after BoE bond buys; U.S. dollar down

    September 29, 2022

    By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Sterling rose sharply in volatile trading on Thursday, rallying from record lows hit on Monday, after the Bank of England conducted a second day of bond buying to stabilize financial markets. The pound posted its largest one-day percentage gain since March 2020 and last traded at $1.1076, up […]
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