GameStop’s stock has been edging higher in the short term after its downtrend halted at the double bottom region of 76.00. However, the 200-day simple moving average (SMA) capped the stock’s latest advance, and the price is currently trading sideways. The momentum indicators suggest a cautiously positive near-term bias. The MACD histogram is slightly below its red signal line in the positive region, while the RSI is pointing up beyond its 50-neutral threshold.

Dollar approaches 2-month top as stimulus hopes push up yields, euro falters Stocks rise again as Wall Street rebounds, retail craze cools, silver plunges Aussie bounces back, shrugs off surprise QE boost by RBA A dollar comeback? The US dollar appears to be on the rise again, mirroring a similar upward drive in 10-year Treasury yields in recent days.

Silver rockets higher as it becomes the new target for Reddit traders Equity markets a lot calmer but growth worries, vaccine doubts cap gains Pound leads FX majors, euro tarnished by EU’s vaccine mess Retail investors pile in on silver as Reddit frenzy continues The war between the establishment on Wall Street and small-time investors is far from over as not only are retail traders still betting against short sellers of GameStop and other Reddit favourites, but they are now moving