USD/JPY forecast: inverse cup and handle points to a yen surge
The USD/JPY exchange rate rose for the third straight day after the latest Bank of Japan (BoJ) interest rate decision. It jumped to an intraday high of 143.67, up from…
Why oil prices may face an uphill battle despite market support
Oil prices were slightly lower on Thursday after sharp losses in the previous session due to prospects of higher supply and a slowing US economy. “Crude just can’t get an upside…
Gold slips to two-week low as safe-haven appeal fades; can prices recover?
Gold prices remained vulnerable to further downside on Thursday as prospects of a trade deal between the US and its trading partners wiped the sheen off the yellow metal. Safe-haven appeal…
Will the Rolls-Royce share price hit 1,000p after its earnings?
The Rolls-Royce share price held steady on Thursday after the company published its financial results and reiterated its forward guidance. It was trading at 765p on Thursday, much higher than…
Europe markets open: FTSE 100 poised higher; focus on UK amid European closures
London’s FTSE 100 index is expected to open higher on Thursday, looking to extend an impressive winning streak, while most other major European stock exchanges remain closed for the May…
Can Lloyds share price surge to 100p after its earnings?
Lloyds share price is hovering at its highest level in over 17 years as the British bank’s performance continues doing well. It was trading at 72p on Thursday after publishing…
Why the Starbucks CEO still backs SBUX stock despite earnings slump
Starbucks Corp (NASDAQ: SBUX) Q2 financials are not at all indicative of how the company’s “Back to Starbucks” strategy has been proceeding in recent months, says Brian Niccol, the chief…
Asian FX rally? Poll reveals growing bullishness driven by weaker dollar
Investor sentiment towards most Asian currencies has turned increasingly positive, with market participants ramping up bullish positions as the US dollar continues to grapple with pressure stemming from uncertainty surrounding…
Spain and Portugal blackout reveals major risks in interconnected European power grids
The limited return of electricity to the Iberian Peninsula has revealed a more profound weakness within the area’s power infrastructure.Monday’s extensive and rapid power outage, which halted activity across much…
Brazil central bank warns corporate profitability may plunge to 8-year low as rate hikes bite
Brazil’s central bank has warned of a sharp drop in corporate profitability as the country’s aggressive monetary tightening begins to ripple through the broader economy.In its latest Financial Stability Report, released…