Here’s why the Russell 2000 (IWM) ETF slumped after Fed decision
The iShares Russell 2000 ETF (IWM) crashed hard after the Federal Reserve delivered a highly hawkish interest rate decision. It slumped by over 3%, reaching a low of $218, its…
USD/PHP forms bullish triangle after Fed, Philippine rate decisions
The USD/PHP exchange rate continued rising and is hovering near its all-time high after the last central bank decisions from the United States and the Philippines. The pair was trading…
SMCI stock forecast 2025: key Super Micro levels to watch
The Super Micro Computer (SMCI) stock price has had a roller coaster this year. It initially surged to a high of $122 in March this year, up by over 345%…
USD/NOK analysis ahead of the Norges Bank rates decision
The USD/NOK exchange rate jumped to its highest level since March 2020 as crude oil prices dropped and as the US dollar index surged. The pair was trading at 11.35…
Bank of Japan holds rates steady amid inflation pressures, JPY hits one month low
On Thursday, the Bank of Japan (BOJ) maintained its benchmark interest rate at 0.25%, citing uncertainties in Japan’s economic activity and pricing dynamics. The move comes as the yen weakened…
USD/ZAR: South African rand sits at key level after hawkish Fed
The South African rand has remained on edge as emerging market currencies slumped after the hawkish Federal Reserve interest rate decision. The USD/ZAR exchange rate rose to a high of…
South Korean won hits 15-year low: here’s why
The South Korean won plunged to its weakest level in 15 years on Thursday, reflecting heightened economic and political risks. The currency was trading at 1,449.9 per dollar in early…
New Zealand sinks into recession as Q3 GDP falls 1%
New Zealand’s economy contracted sharply in the third quarter of 2024, with GDP plummeting by 1.0% compared to the previous quarter, according to government data. This contraction dwarfed market expectations…
Apple explores AI partnership with Tencent and ByteDance in China
Apple is reportedly in discussions with Tencent and ByteDance to integrate their artificial intelligence models into iPhones sold in China. The move comes as the company aims to navigate China’s…
