Roaring Kitty, also known as Keith Gill, has been closely watching the fluctuating GameStop shares, wondering about his massive options position that is nearing expiration. Gill has been holding onto 5 million GameStop common shares and 120,000 call options, which involve 12 million underlying GameStop shares. However, as the expiration date of June 21 approaches
The Federal Reserve recently announced that it would keep its key interest rate steady and hinted at the likelihood of only one interest rate cut before the end of the year. This decision comes amidst expectations from the market for a more accommodative stance from the central bank. The Federal Open Market Committee indicated during
GameStop, the popular video game retailer, recently raised over $2 billion through a successful stock sale. This move came as the company capitalized on a renewed meme rally that was ignited by the comeback of trader Roaring Kitty. The retailer announced that it sold the maximum number of 75 million shares in an at-the-market equity
As the financial markets eagerly await the Federal Open Market Committee (FOMC) interest rate decision, the focus is also on key economic indicators such as the Consumer Price Index (CPI) and Producer Price Index (PPI). The recent rate cuts by the European Central Bank (ECB) and the Bank of Canada (BOC) have set the stage
As investors eagerly await the release of key U.S. inflation data and updated interest rate projections from the Federal Reserve, the dollar has managed to stabilize after reaching a four-week high against other major currencies. This stability comes in light of Friday’s stronger-than-expected jobs report, which has sparked concerns about sticky inflation levels and robust
The USD/JPY pair has been on an upward trend for the fourth consecutive day, reaching near 157.15 during Asian trading hours. Traders are taking a cautious approach as they await key economic events that could significantly impact the pair’s movement. One of the major events to watch is the release of the US Consumer Price
The US annual inflation rate is projected to remain at 3.4% in May, according to economists. However, there is an expectation for the core inflation rate to soften slightly from 3.6% to 3.5%. Any deviation from these forecasts could have significant implications on investor expectations of a potential Fed rate cut in September. A higher-than-expected
The collaboration between Affirm and Apple is set to revolutionize the buy now, pay later sector for Apple device users. This partnership will provide additional payment options for U.S. Apple Pay users on their iPhones and iPads, giving them the flexibility and transparency that Affirm is known for. Affirm’s presence on Apple’s ecosystem indicates that
Poland is facing significant challenges in managing its fiscal policy due to rising expenditure needs related to infrastructure, climate risks, and security costs driven by the war in Ukraine. The International Monetary Fund (IMF) has emphasized the importance of setting a “very high bar” for more fiscal loosening in order to address these growing financial
As we look at the current state of the USD/CHF pair, it is evident that traders are staying calm and adopting a cautious stance. This behavior can be attributed to the looming Federal Reserve’s interest rate decision scheduled for Wednesday. The pair is hovering around 0.8950 during the early European hours on Tuesday, indicating a
The GBPUSD pair made significant advances, reaching its highest level since March 13, signaling a strong bullish momentum. However, the rally eventually lost steam as the market deemed the upward movement to be overstretched. This resulted in a reversal of the pair’s direction as profit-taking activities kicked in. Despite this pullback, momentum indicators remain in
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