The USDCAD is extending higher after recovering from earlier weakness at the start of the trading day. As outlined in an earlier post, the pair first moved back above its 100-hour moving average near 1.3600, but buyers have now taken the next important technical step with a break above the 200-hour moving average at 1.3631…
The AUDUSD extended higher after the Reserve Bank of Australia raised rates by 25 basis points yesterday, effectively reversing the rate cuts seen earlier in 2025. The move marked the central bank’s third consecutive hike as policymakers continue their fight against stubborn inflation pressures. Technically, the bullish momentum gained traction yesterday when the pair moved…
The USDJPY moved sharply lower earlier today, breaking below both its 100-day moving average at 157.316 and the falling 100-hour moving average at 156.90 — a bearish technical development that shifted momentum firmly in favor of the sellers. The decline also pushed the pair below the 50% retracement of the rally from the February 12…
The USDCAD moved lower earlier in the day as broad-based dollar selling pressure pushed the pair down, but buyers found support and helped drive the price back toward unchanged levels on the session. In the rebound, the pair climbed back above its 100-hour moving average, which currently comes in at 1.3600 — a key technical…
In the post from yesterday, I highlighted the 100-hour moving average as a key resistance target that was keeping a lid on the USDCHF (see: “USDCHF sellers remain in control. Price tests 100 hour moving average twice and finds willing sellers”). That moving average once again attracted sellers during the early Asian session today, helping…
Riverwater Partners, an investment management company, released its “Micro Opportunities Strategy” Q1 2026 investor letter. A copy of the letter can be downloaded here. In Q1 2026, Riverwater Partners Micro Opportunities Strategy underperformed its benchmark. In the first quarter of 2026, rising geopolitical tensions in the Middle East and a reassessment of growth areas significantly influenced…
Crypto Exchange Kraken Revives IPO Plans Cryptocurrency exchange Kraken is moving forward with its plans to hold an initial public offering (IPO) this year. Arjun Sethi, co-CEO of Kraken, said the exchange is “about 80% ready” to go public by year’s end, underscoring the firm’s ambitions to hold an IPO, though an exact date hasn’t…
Strategy Shifts From “Never Sell” Bitcoin Policy Amid Losses Strategy (NASDAQ: $MSTR) is fundamentally shifting its approach to digital assets, moving away from its famous “never sell” mantra. During its first quarter earnings call on Tuesday, the company announced it will actively manage its massive cryptocurrency reserves to maximize its BTC per share metric. The…
Riverwater Partners, an investment management company, released its “Small Cap Strategy” Q1 2026 investor letter. A copy of the letter can be downloaded here. In Q1 2026, the Riverwater Small Cap Strategy outperformed the Russell 2000 Index. The quarter rewarded patience and discipline. The first quarter of 2026 saw a significant shift in market leadership…
For months, investors have worried that AI could eat into enterprise software names, especially the ones tied to developer workflows and collaboration tools. That fear helped punish a lot of software stocks. Atlassian (TEAM) was no exception. But the company just posted a quarter that made the doomsday trade look a lot less convincing. Shares…
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