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OKTA stock surges almost 25% after earnings (double its expected move)

OKTA stock surges almost 25% after earnings (double its expected move)

A Rare Earnings Blast-Off Okta (OKTA) delivered a massive earnings-driven move, soaring well above expectations. The implied move was 12%, but the stock surged over double that—a rare occurrence when options are already pricing a double-digit move. Not only did OKTA shatter expectations during regular trading hours, but it also continued climbing in after-hours, hitting […]

‘Sticking needles in my eyeballs’: Some Democrats couldn't sit through Trump's speech

‘Sticking needles in my eyeballs’: Some Democrats couldn't sit through Trump's speech

House Minority Leader Hakeem Jeffries wanted a “solemn” response to President Donald Trump’s congressional address Tuesday. His members had other ideas. Moments after Trump began speaking, Texas Rep. Al Green rose and interrupted the president until he was ejected from the chamber. Other members held signs blasting Trump and his policies. Repeatedly they met Trump’s […]

FX option expiries for 5 March 10am New York cut

FX option expiries for 5 March 10am New York cut

There aren’t any major expiries to take note of on the day. As such, trading sentiment will continue to revolve around headlines for the most part. Trump tariffs and softer data continues to lead to a more defensive risk mood but are we seeing signs of a turnaround? Well, the next key hurdle today will […]

‘Giving bingo’: Democrats’ silent protest against Trump falls flat

‘Giving bingo’: Democrats’ silent protest against Trump falls flat

President Donald Trump mocked Democrats who sat in front of him Tuesday night, needling them with a grin, “nothing I can say or do to make them happy.” Democrats mostly responded with silent protest — wearing pink, waving placards emblazoned with “FALSE” and “Save Medicaid.” More than a dozen walked out of his speech early, […]

A busy day on the economic calendar in Europe today

A busy day on the economic calendar in Europe today

It’s been a wild week in markets so far with Trump drama continuing to cause a stir and much volatility. Wall Street had one of those days where you wouldn’t be surprised if markets ended up 2% down or 2% up or even unchanged. It was just that kind of day. In FX though, the […]

EUR/USD finally gets its breakout, so what’s next?

EUR/USD finally gets its breakout, so what’s next?

EUR/USD daily chart It’s been coming for a while already and the dam has finally given way. The pair has been knocking on the door of the 1.0500 mark numerous times in the past few weeks but at last, buyers chose pounce on the opportunity to kill two birds with one stone. Not only did […]