March’s bank failures show options can be tricky even when retail traders pick big winners
The trading halt for Silicon Valley Bank and Signature Bank created hurdles for traders who had bet that the stocks would fall.
Stocks making the biggest moves premarket: Etsy, Boeing, Virgin Orbit and more
Etsy rose on the back of an upgrade from Piper Sandler. Virgin Orbit tumbled once again.
‚I am truly sorry‘: Credit Suisse chair pleads with angry shareholders at annual meeting
A police presence was established outside the Credit Suisse annual meeting as shareholders began arriving in droves.
China’s homebuyers are starting to come back
More people in China want to buy houses again, according to a first quarter survey released Monday by the People’s Bank of China.
Dogecoin jumps more than 30% after Musk changes Twitter logo to image of shiba inu
The price of the crypto token dogecoin spiked 33% on Monday after Twitter replaced its familiar blue bird logo with the image of a shiba inu dog.
March’s bank failures show options can be tricky even when retail traders pick big winners
The trading halt for Silicon Valley Bank and Signature Bank created hurdles for traders who had bet that the stocks would fall.
USDCAD Technical Analysis – Big Selloff
<p class=“MsoNormal“>On the daily USDCAD chart below, we can
see that after breaking the key <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>support</a> level at 1.3664, the pair just
sold off massively helped also by the rising oil prices. Yesterday, <a target=“_blank“ href=“https://www.tradingview.com/chart/CIPuZN0R/?symbol=NYMEX%3ACL1%21″>oil
even gapped up</a> in a big way following surprise cuts by OPEC+ on
Sunday. </p><p class=“MsoNormal“>The USD is also under pressure as
the market is trading on interest rates expectations at the moment with the Fed
expected to end its hiking cycle at the May meeting barring any awful economic
data. At this point, only very ugly economic data can help the US Dollar as the
market would switch from the rates trade to the recession trade and the USD
would be sought as a safe haven.</p><p class=“MsoNormal“>On the 4 hour chart below, we can
see that the downtrend is well sustained. The <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-moving-averages-20220425/“>moving
averages</a> act as resistance and the buyers will want to wait for them to cross to
the upside to give some confirmation of a change in trend. Yesterday we also
got very weak <a target=“_blank“ href=“https://www.forexlive.com/news/is-ism-march-manufacturing-index-463-vs-475-prelim-20230403/“>ISM
Manufacturing PMI</a> data, which may be an early sign that the economic
data are about to turn south again after a bounce in January and February. It
may also be a sign that the recent banking troubles may have indeed caused some
pain. </p><p class=“MsoNormal“>On the 1
hour chart below, we can see that after breaking the support the price started
to trade within a channel. If we get a pullback, the sellers may lean on the
upper bound of the channel and a <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-using-fibonacci-retracements-20220421/“>Fibonacci
retracement</a> level. The buyers, on the other hand, will want to
see a breakout to the upside before piling in and target the previous support
turned resistance at 1.3664. Tomorrow we have the <a target=“_blank“ href=“https://www.forexlive.com/EconomicCalendar“>ISM Services PMI</a> and if even those tumble, then
we may start to see the market trading the recession.</p>
see that after breaking the key <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>support</a> level at 1.3664, the pair just
sold off massively helped also by the rising oil prices. Yesterday, <a target=“_blank“ href=“https://www.tradingview.com/chart/CIPuZN0R/?symbol=NYMEX%3ACL1%21″>oil
even gapped up</a> in a big way following surprise cuts by OPEC+ on
Sunday. </p><p class=“MsoNormal“>The USD is also under pressure as
the market is trading on interest rates expectations at the moment with the Fed
expected to end its hiking cycle at the May meeting barring any awful economic
data. At this point, only very ugly economic data can help the US Dollar as the
market would switch from the rates trade to the recession trade and the USD
would be sought as a safe haven.</p><p class=“MsoNormal“>On the 4 hour chart below, we can
see that the downtrend is well sustained. The <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-moving-averages-20220425/“>moving
averages</a> act as resistance and the buyers will want to wait for them to cross to
the upside to give some confirmation of a change in trend. Yesterday we also
got very weak <a target=“_blank“ href=“https://www.forexlive.com/news/is-ism-march-manufacturing-index-463-vs-475-prelim-20230403/“>ISM
Manufacturing PMI</a> data, which may be an early sign that the economic
data are about to turn south again after a bounce in January and February. It
may also be a sign that the recent banking troubles may have indeed caused some
pain. </p><p class=“MsoNormal“>On the 1
hour chart below, we can see that after breaking the support the price started
to trade within a channel. If we get a pullback, the sellers may lean on the
upper bound of the channel and a <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-using-fibonacci-retracements-20220421/“>Fibonacci
retracement</a> level. The buyers, on the other hand, will want to
see a breakout to the upside before piling in and target the previous support
turned resistance at 1.3664. Tomorrow we have the <a target=“_blank“ href=“https://www.forexlive.com/EconomicCalendar“>ISM Services PMI</a> and if even those tumble, then
we may start to see the market trading the recession.</p>
This article was written by ForexLive at www.forexlive.com.
FMAS:23 – The Most Prestigious Venue in South Africa
<p class=“MsoNormal“>In nearly a
month, the Finance Magnates Africa Summit (FMAS:23) will kick off, constituting
the largest event of the year in Africa. The landmark summit will be held from
May 8-10, 2023 at the prestigious Sandton Convention Centre in Johannesburg,
South Africa. </p><p class=“MsoNormal“>As one of the
most hotly anticipated events of 2023, FMAS:23 is all about luxury and
prestige. This starts with the venue itself in Sandton, one of the province’s largest convention centers. The famous
Sandton Convention Centre is located in the <a target=“_blank“ href=“https://sandtoncity.com/about-us/“ target=“_blank“ rel=“follow“>heart of the vibrant Sandton district</a>, home to
some 300,000 residents and over 10,000 businesses speaking to its energy and
activity.</p><p class=“MsoNormal“>Sandton
is widely recognized as “the richest square mile in Africa,” and it remains a
top destination for both locals and international travelers visiting the city
of Johannesburg.</p><p class=“MsoNormal“>Sandton
continues to flourish and offer first-class services to those who work, stay,
play, or shop here.</p><p class=“MsoNormal“>Be a
part of a historic and unforgettable event this May and <a target=“_blank“ href=“https://events.financemagnates.com/fmas2023/register/“ target=“_blank“ rel=“follow“>signup today</a>!
Reserve your seat today and experience all Sandton has to offer.</p><p class=“MsoNormal“>VIP Experience
in South Africa</p><p class=“MsoNormal“>FMAS:23 is all
about luxury. This starts with the opening Blitz Party. Attendees can look to
mingle with their peers and the biggest brands as well as networking with the
best in the business. This is your chance to live the life of luxury, meeting
the most influential people in finance and start the expo off on the right
foot.</p><p class=“MsoNormal“>The Blitz party
will be the prelude to the main event, featuring two days of curated content
covering four industry verticals. With Africa taking center stage, join
industry leaders, executives, brands, and traders to discuss the future of trading
on the continent, and much more.</p><p class=“MsoNormal“>FMAS:23 will be
attracting the largest speakers and influencers in the industry. From inspiring
keynotes to informative panel discussions, you’ll have access to a wealth of
knowledge and experience that will help you take your life to the next level.
This is your chance to learn from the best and gain a competitive edge.</p><p class=“MsoNormal“>All prospective
attendees are invited to dive into the <a target=“_blank“ href=“https://www.financemagnates.com/fm-events/fmas23-explore-the-live-agenda/“ target=“_blank“ rel=“follow“>in-depth
agenda</a>, which is already live and <a target=“_blank“ href=“https://events.financemagnates.com/fmas2023/agenda/“ target=“_blank“ rel=“follow“>available for access</a>.
See what sessions hold the most appeal – with so many angles and areas of
focus, there is something for everyone.</p><p class=“MsoNormal“>The landmark
event will conclude on the final day with an exclusive VIP closing party. This
is one party you won’t want to miss! The all-exclusive VIP closing party at
Sandton San Deck is the perfect way to celebrate the success of FMAS:23 and
network with even more amazing people. </p><p class=“MsoNormal“>You’ll leave
feeling inspired, energized, and ready to take on whatever challenges lie
ahead. So, what are you waiting for? Don’t miss out on this incredible
opportunity to live the life of luxury, fame, and network with the best in the
industry. </p>
month, the Finance Magnates Africa Summit (FMAS:23) will kick off, constituting
the largest event of the year in Africa. The landmark summit will be held from
May 8-10, 2023 at the prestigious Sandton Convention Centre in Johannesburg,
South Africa. </p><p class=“MsoNormal“>As one of the
most hotly anticipated events of 2023, FMAS:23 is all about luxury and
prestige. This starts with the venue itself in Sandton, one of the province’s largest convention centers. The famous
Sandton Convention Centre is located in the <a target=“_blank“ href=“https://sandtoncity.com/about-us/“ target=“_blank“ rel=“follow“>heart of the vibrant Sandton district</a>, home to
some 300,000 residents and over 10,000 businesses speaking to its energy and
activity.</p><p class=“MsoNormal“>Sandton
is widely recognized as “the richest square mile in Africa,” and it remains a
top destination for both locals and international travelers visiting the city
of Johannesburg.</p><p class=“MsoNormal“>Sandton
continues to flourish and offer first-class services to those who work, stay,
play, or shop here.</p><p class=“MsoNormal“>Be a
part of a historic and unforgettable event this May and <a target=“_blank“ href=“https://events.financemagnates.com/fmas2023/register/“ target=“_blank“ rel=“follow“>signup today</a>!
Reserve your seat today and experience all Sandton has to offer.</p><p class=“MsoNormal“>VIP Experience
in South Africa</p><p class=“MsoNormal“>FMAS:23 is all
about luxury. This starts with the opening Blitz Party. Attendees can look to
mingle with their peers and the biggest brands as well as networking with the
best in the business. This is your chance to live the life of luxury, meeting
the most influential people in finance and start the expo off on the right
foot.</p><p class=“MsoNormal“>The Blitz party
will be the prelude to the main event, featuring two days of curated content
covering four industry verticals. With Africa taking center stage, join
industry leaders, executives, brands, and traders to discuss the future of trading
on the continent, and much more.</p><p class=“MsoNormal“>FMAS:23 will be
attracting the largest speakers and influencers in the industry. From inspiring
keynotes to informative panel discussions, you’ll have access to a wealth of
knowledge and experience that will help you take your life to the next level.
This is your chance to learn from the best and gain a competitive edge.</p><p class=“MsoNormal“>All prospective
attendees are invited to dive into the <a target=“_blank“ href=“https://www.financemagnates.com/fm-events/fmas23-explore-the-live-agenda/“ target=“_blank“ rel=“follow“>in-depth
agenda</a>, which is already live and <a target=“_blank“ href=“https://events.financemagnates.com/fmas2023/agenda/“ target=“_blank“ rel=“follow“>available for access</a>.
See what sessions hold the most appeal – with so many angles and areas of
focus, there is something for everyone.</p><p class=“MsoNormal“>The landmark
event will conclude on the final day with an exclusive VIP closing party. This
is one party you won’t want to miss! The all-exclusive VIP closing party at
Sandton San Deck is the perfect way to celebrate the success of FMAS:23 and
network with even more amazing people. </p><p class=“MsoNormal“>You’ll leave
feeling inspired, energized, and ready to take on whatever challenges lie
ahead. So, what are you waiting for? Don’t miss out on this incredible
opportunity to live the life of luxury, fame, and network with the best in the
industry. </p>
This article was written by ForexLive at www.forexlive.com.
Equities continue to rip higher in European morning trade
<ul><li>Eurostoxx +0.7%</li><li>Germany DAX +0.9%</li><li>France CAC 40 +0.7%</li><li>UK FTSE +0.1%</li><li>S&P 500 futures +0.4%</li><li>Nasdaq futures +0.5%</li><li>Dow futures +0.2%</li></ul><p style=““ class=“text-align-justify“>The DAX is at the highs for the year and the CAC 40 is threatening fresh record highs as equities continue to rip higher this morning. There’s no exact catalyst but this carries over the momentum from last week, as markets also get more comfortable after the banking turmoil begins to ebb.</p><p style=““ class=“text-align-justify“>It has been a straightforward run up since European traders got to their desks today. Here’s the action in S&P 500 futures:</p>
This article was written by Justin Low at www.forexlive.com.