You know I was hoping to enjoy this weekend off from charts, but I could not help myself. Many traders, even just for curiosity, had their eyes glued on…
Banking
Gold prices against fiat currencies are printing new all time record highs. The only pairing which has not yet printed record highs is gold against the Swiss Franc, but…
The headlines were on fire earlier this year when it was reported that Toronto-Dominion Bank (TD.T) was the most shorted bank in world. Those headlines have all but disappeared…
Recession. Inflation. Soft landing. Interest Rates. The Federal Reserve. The Federal Reserve is near the end of rate hikes. Earnings. Geopolitics. I am sure I have forgotten something as…
In an unprecedented move signaling increased scrutiny of the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has filed lawsuits against leading crypto exchanges, Binance and Coinbase. Allegedly,…
Short sellers still have a concerning percentage of the share float at TD Bank (TD.T), totalling 22% as of May 31, 2023 according to the Short Sale Trading Summary…
Well what developments in the past 24 hours. Investors and traders were anticipating the Federal Reserve meeting. A 25 basis point hike was expected along with some statement hinting…
Last week, I warned readers that the banking headlines were not over. US regional banks saw their deposits drop as they released Q1 earning reports. Many customers have been…
As earnings continue to come out mixed, and raising the probabilities of an upcoming recession, leave it to the regional banks to once again take center stage. Many analysts…
Two weeks ago, Canadian bank Toronto-Dominion (TD) became the world’s most shorted bank. Hedge fund bets against TD hit $4.2 billion. This news raised some concerns for Canadians as…