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What is going on with USD?I am more and more confused, US Treasury rates continue to go up and the FED is accelerating tightening. The market on the other hand did already price in 3 to 4 rate hikes for this year. And yet, USD still is weakening across the board. EURUSD showed a 'fake? breakout' over the 1.14 level and formed a HTF bearish flag pattern but seems to struggle to form a bearish continuation pattern around the 1.133 level. USDCAD is trading below 1.25, the recent rise in Oil prices surely helped the CAD; and more and more tensions in the Gulf area and the Ukraine could help to push the pair lower. USDJPY came down almost 300 pips from it's recent high and is now trapped in a HTF bear flag, which could potentially form an expanding structure. GBPUSD made peak outside the HTF downtrend, fell back into it and is now struggling to form a bearish continuation pattern. It even looks like it is forming an upward reversal. Why do all the major USD pairs technically lean to the bearish side despite the FED showing by far the most aggressive stance towards rate hikes? I still have a bullish bias on the USD for the near future and hope to find some good technical entries to follow my bias. Let me know what you think about the future of the USD in the comments.
by kalganid
$SOFISoFi Technologies, Inc. company announced that the OCC and the Federal Reserve approved its applications to become a Bank Holding Company through its proposed acquisition of Golden Pacific Bancorp and operate its bank subsidiary as SoFi Bank, National Assoc Acquisition expected to close in February, Morgan Stanley Maintains Overweight price target 20, Rosenblatt Maintains Buy price target 28 SoFi Receives Regulatory Approval to Become a National Bank SAN FRANCISCO, January 18, 2022--(BUSINESS WIRE)--SoFi Technologies, Inc. ("SoFi"), the digital personal finance company, today announced that the Office of the Comptroller of the Currency (OCC) and the Federal Reserve have approved its applications to become a Bank Holding Company through its proposed acquisition of Golden Pacific Bancorp, Inc., and operate its bank subsidiary as SoFi Bank, National Association. SoFi expects the acquisition to close in February, subject to completion or waiver of the remaining customary closing conditions. "This incredible milestone elevates our ability to help even more people get their money right and realize their ambitions," said Anthony Noto, CEO of SoFi. "With a national bank charter, not only will we be able to lend at even more competitive interest rates and provide our members with high-yielding interest in checking and savings, it will also enhance our financial products and services to ensure they efficiently meet the needs of our members, business partners, and communities across the country, while continuing to uphold a high bar of regulatory standards and compliance. This important step allows us to add to our broad suite of financial products and services to better be there for our members during the major financial moments in their lives and all of the moments in between. I’m incredibly proud of our team and excited about the opportunities ahead to help even more people achieve financial independence." Last year, in a key strategic step in SoFi’s path to obtaining a national bank charter, the company announced a definitive agreement by its subsidiary Social Finance, Inc. to acquire Golden Pacific Bancorp, Inc. (OTCPK: GPBI) and its wholly owned subsidiary Golden Pacific Bank, N.A. (together, "GPB"). SoFi plans to contribute $750 million in capital and pursue its national, digital business plan while maintaining GPB’s community bank business and footprint, including GPB’s current three physical branches. At the time of the announcement, SoFi submitted a revised business plan for GPB to the OCC and an application to become a bank holding company and for a change of control to the Federal Reserve for approval. After completing the acquisition of GPB, SoFi Technologies, Inc. (NASDAQ: SoFi) will become the parent company of SoFi Bank, National Association. About SoFi SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing and protecting give our nearly three million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. SoFi is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams. For more information, visit SoFi.com or download our iOS and Android apps.
NASDAQ:SOFILong
by BADQOMOCAWGOWLD
1
$PIK – SI 80%Kidpik Corp. operates as a subscription-based e-commerce company that retails girls' and boys' apparel, footwear, and accessories. It offers apparel, including tops, bottoms, cardigans, jackets, dresses, and swimwear in knit and woven fabrication; shoes, such as sneakers, boots, sandals, and dress shoes; and accessories comprising sunglasses, jewelry, bags, socks, hats, and hair goods. The company serves its customers through its retail website, kidpik.com; and clothing subscription boxes, which provide mix-&-match coordinated outfits that are personalized based on each member's preferences. Kidpik Corp. was incorporated in 2015 and is based in New York, New York.
NASDAQ:PIKLong
by BADQOMOCAWGOWLD
$RELI – SI 46% SYMMETRICAL TRIANGLEReliance Global Group, Inc. engages in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides healthcare and Medicare, personal and commercial, trucking and transportation, and employee benefits insurance products. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. Reliance Global Group, Inc. was incorporated in 2013 and is headquartered in Lakewood, New Jersey.
NASDAQ:RELILong
by BADQOMOCAWGOWLD
$SBEV entry PT 1.75-2 Long term PT 30 and higherSplash Beverage Group, Inc. produces, distributes, and markets various beverages in the United States. The company offers hydration and recovery isotonic sport drink under the TapouT Performance brand; and flavored tequilas under the SALT Naturally Flavored Tequila brand. It also sells beverages and groceries online through qplash.com; produces premium wine under the Copa di Vino brand; and offers premium Pulpoloco Sangria. The company is based in Fort Lauderdale, Florida.
AMEX:SBEVLong
by BADQOMOCAWGOWLD
EURJPY sell in full swing ↘️🏌️Yen had to gain strength at some point our script has picked that up. Entry details are shown on the chart. Using our EDGE trend following strategy on this trade. Working the H1 time frame and we're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. Lets see if we can make it to target. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Short
by pow_removetheguesswork
2
Strong Long 🍏 Bulls will embarrass Bears as Hentai MovieStrong Long 🍏 Bulls will embarrass Bears as Hentai Movie "Open a long position, and you'll drive a new TESLA model within a week." We've had a 100% success rate with the variation of the following indicators for more than two months, see our previous Ideas. 🔑 KEY POINTS: Chart Pattern: Price hit Support Area of Historic Bottoms Momentum: RSI (Relative Strength Index) hit Support, Advanced Bullish Divergence Machine Learning (ML): Price Action hit Linear Regression Channel Support Funding Rates: Negative, supports Bulls We update our ideas daily and so, don't forget to bookmark this page for updates!
BITSTAMP:BTCUSDLong
by Elysian_Mind
6
Is a Dollar surprise coming?'Everybody' knows that the US Dollar is gonna die. Right? The prevailing wisdom is that QE Infinity will tank the Dollar. Well, it's not that simple. The Dollar's strength depends on numerous other factors, the key one is demand. Ahhhh.. so the USA - if you believe it - has conquered COVID-19, and international trade is about to be kickstarted. Or so the story goes. Whilst I'm sceptical, it could be true for a while. Lets say over the next two quarters. If a surge in demand happens - USD being liquid gold after the Gold Standard was abolished many moons ago. The chart shows that there is a 4 hour trend (amber line) heading north. Yes - it could fail, but the probability at this point is for the north. Sure - enough it may bounce through the trend line south and then rocket north. DXY is a wild one, so anything is possible. But what does that mean if USD strengthens over the next two or three quarters? It means there will be bearish pressure on stock indices, metals and some commodities. Bearish pressure doesn't mean they're all gonna correct. It's not that simple. What's the point of watching the USD in the DXY? Well you also gotta watch USD priced forex pairs. It gets complicated because USD affects stock indices which in turn affect forex. What does it all mean? It means 'avoid over confidence' in trading. Small profits taken from small position sizes across much volatility is no bad thing. They all add up. Large position sizes in a higher volatility is a good way to burn and account. Stay safe. Wash your hands. Protect your account. Avoid FOMO. Don't burn cash! Is that okay? Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
TVC:DXY
by Captain_Walker
29