Hang Seng Index rally has stalled: what next for Hong Kong stocks?
The Hang Seng Index retreated to 24,011 on Thursday, paring back some of the gains made a day earlier. This drop mirrored developments in key markets like in the United…
USD/ZAR forecast: falling wedge points to a South African rand pullback
The USD/ZAR exchange rate rose by a few pips today, July 9, as crude oil prices rose following the new strikes in the Middle East. It jumped to 16.50 on…
Lloyds share price is up 47% in 12 months: why it may soar to 141p
Lloyds share price has pulled back over the past few days, falling from its year-to-date high of 116p to the current 112.10p. Although the stock has surged by 47% over…
Broadcom stock is in a local bear market: will it retest its record high?
Broadcom stock price rose by 5% on Wednesday after extending its relationship with Apple. AVGO rose to $395, a 10% increase from its lowest level this month. It remains in…
Is the 3.2% yielding SCHD ETF a buy as one-year Treasury yields hit 4.06%?
The Schwab US Dividend Equity ETF (SCHD) has moved sideways in the past few days. It has remained inside the key support and resistance levels of $31.60 and $32.90 since…
Trump wants to cut trade with Spain: the reasons go beyond NATO’s defence spending
US President Donald Trump has reignited his long-running dispute with Spain by threatening to cut off trade with the country over its refusal to back NATO’s new defence spending target.He…
Fed Minutes show split over rate hikes and cuts as inflation risks persist
Federal Reserve officials were divided over the future direction of interest rates at their June policy meeting, with policymakers considering scenarios that could justify either rate cuts or additional hikes,…
US jobless claims declined last week as labour market holds steady
The number of Americans filing new applications for unemployment benefits declined last week, pointing to continued resilience in the US labour market even as hiring slowed sharply in June.Initial claims…
Broadcom stock is in a local bear market: will it retest its record high?
Broadcom stock price rose by 5% on Wednesday after extending its relationship with Apple. AVGO rose to $395, a 10% increase from its lowest level this month. It remains in…
Salesforce stock falls after KeyBanc downgrade on AI growth concerns
Salesforce Inc. (CRM) shares fell 2.5% on Thursday after KeyBanc downgraded the software company, citing concerns that its Agentforce artificial intelligence platform may take longer than expected to become a…