USD/JPY prediction: traders brace for a Japanese yen intervention
The Japanese yen jumped sharply on Thursday as traders braced for a potential intervention by the Bank of Japan (BoJ). The USD/JPY pair retreated to a low of 160.62 from…
Investing
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Hang Seng Index slumped in H1 as Nikkei 225, Kospi soared: here’s why
The Hang Seng Index retreated by over 10% in the first half of the year as some of the biggest Chinese technology companies lagged behind their global peers like the…
Here’s why the Kospi Index is slumping today (July 2)
The Kospi Index slumped by over 7% as volatility in South Korea’s equity market continued. It plunged to a low of 7,733, down by 17.50% from its highest point this…
Nikkei 225 Index outlook for July: Top 4 catalysts to watch this month
The Nikkei 225 Index has sold off recently as investors book profits following its strong rally to the all-time high of 72,781 in June. It was trading at 69,190 on…
Bitcoin price prediction: Glassnode sees bottoming signs despite surging ETF outflows
Bitcoin price rose for the second consecutive day despite the rising ETF outflows and the fear that Strategy (formerly MicroStrategy) will dump some of its holdings. BTC jumped to $60,870,…
DRAM: Here’s why this Micron, SK Hynix, Sandisk ETF just crashed
The Roundhill Memory ETF (DRAM) retreated for the second consecutive day as jitters in the memory industry accelerated. The fund, which has become a $24.3 billion behemoth, retreated to $62.45…
Shopify stock eyes breakout as bullish inverted H&S pattern takes shape
Shopify stock has rebounded in the past few weeks, moving from the year-to-date low of $94.47 to the current $121.63. This rebound may continue, helped by its modest revenue growth…
Brent crude oil forecast by Goldman Sachs, Citi, Morgan Stanley, JPMorgan
Brent crude oil remained under pressure this week as traffic through the Strait of Hormuz ramped up and as top Wall Street banks like Goldman Sachs, Citigroup, and Morgan Stanley…
Scottish Mortgage rises as SpaceX stock rebounds and portfolio bargains emerge
Scottish Mortgage Trust share price has jumped in the last three consecutive days, reaching its highest level since June 22, helped by the ongoing SpaceX stock rebound. SMT jumped to…
Top 5 FTSE 100 shares to watch in July: IAG, Lloyds, Rolls-Royce, Sage, NatWest
The FTSE 100 Index remained in a tight range in June as investors focused on the UK’s political situation, Bank of England (BoE) action, and the US and Iran situation.…