USD/JPY forecast as Japanese yen retreat resumes ahead of US NFP data
The Japanese yen resumed its downward trend as investors reflected on the recent interventions by the United States and the Bank of Japan. After plunging to 155.20 earlier this week,…
Crude oil price forecast: here’s why WTI and Brent are rising today
Crude oil price jumped for the third consecutive day, with Brent hitting a high of $83.75, up by 7.30% from its lowest level this week. This rebound happened after China…
The Trade Desk stock is in a freefall after earnings: classic value trap?
The Trade Desk stock continued its strong freefall, reaching its lowest level since January 2019. TTD has plunged by over 90% from its all-time high, marking a sharp reversal for…
Atlassian stock jumps as CEO buys the dip after earnings: What’s next?
Atlassian stock has staged a strong comeback, helped by its encouraging earnings report. TEAM jumped by 33% in extended hours, forming its biggest gap in years, reaching its highest level…
Nebius stock tumbles before earnings: What the options market predicts
Nebius Group stock has lost momentum and is now in a deep bear market after falling by over 37% from the year-to-date high. NBIS dropped to $189, with analysts and…
US jobs report: Payrolls fall unexpectedly in July by 23,000; Fed rate hike bets ease
The US labor market unexpectedly contracted in July, with nonfarm payrolls posting their first monthly decline in years as hiring weakened across several sectors, reinforcing concerns that employment momentum is…
Nikkei 225 Index on edge ahead of Softbank earnings as Japanese yen dips
The Nikkei 225 Index retreated by over 1.25% on August 6, as technology companies such as Softbank, Kioxia Holdings, Tokyo Electron, and Advantest pulled back. It also dropped as the…
Here’s why Kioxia stock is in a bear market despite the strong revenue, profit growth
Kioxia Holdings stock has suffered a big reversal this year, moving from a high of ¥112,750 in June to the current ¥49,280. This retreat happened despite its strong revenue and…
Here’s why the Rolls-Royce share price just hit a record high
Rolls-Royce share price continued its strong rally this week and is now sitting at a record high of 1,570p. It has jumped by over 46% from its lowest level this…
Nio stock sits at a crucial support as deliveries jump: buy the dip?
Nio stock has come under pressure in the past few months, even as it became one of the fastest-growing companies in the electric vehicle industry. After peaking at $7 on…