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Yen rushes to four-week high on strong demand
Yen rushes to four-week high on strong demand
May 27, 2025
The Japanese yen rose in Asian trade on Tuesday against a basket of major rivals, resuming gains against the dollar after a short hiatus and hitting a four-week high on strong haven demand amid concerns about US debt levels. Gains are also bolstered by the increasing odds of a Japanese interest rate hike in June in response to mounting inflationary...
Japanese yen expands gains to four-week high in a strong start
Japanese yen expands gains to four-week high in a strong start
May 26, 2025
The Japanese yen rose in Asian trade on Monday against a basket of major rivals, expanding gains for the second straight session against the dollar and hitting a four-week high on haven demand amid concerns about US debt levels following Trumps tax reform bill. The gains are boosted as well by increasing inflationary pressures on Bank of Japans policymakers, which...
US dollar tries to recover from five-week trough
US dollar tries to recover from five-week trough
May 27, 2025
The US dollar rose in European trade on Tuesday for the first time in three sessions against a basket of major rivals, as it tries to recover from five-week lows on short-covering. Now traders await important US data later today to assess the odds of future Fed rate cuts. The Index The dollar index rose 0.5% to 99.44, with a...
Euro hits four-week high before Lagarde's remarks
Euro hits four-week high before Lagarde's remarks
May 26, 2025
The euro rose in European trade on Monday against a basket of major rivals, extending gains for the second straight session against the dollar and hitting a four-week high as US President Donald Trump gave the EU another chance to reach a trade deal. Recent eurozone inflation data led to divisions between European Central Bank policymakers on the decision to...
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Japan's Nikkei retreats as tech shares drag; BOJ stands pat
Japan's Nikkei retreats as tech shares drag; BOJ stands pat
Mar 19, 2025
(Updates with closing prices) By Kevin Buckland TOKYO, March 19 (Reuters) - Japan's Nikkei share average sank in the final minute of trading on Wednesday to close lower as technology shares weighed, while the Bank of Japan kept interest rates unchanged as widely expected. The Nikkei finished the day down 0.25% at 37,751.88. It had been higher most of the...
Nvidia, Meta, Sarepta, D-Wave, And Tesla: Why These 5 Stocks Are On Investors' Radars Today
Nvidia, Meta, Sarepta, D-Wave, And Tesla: Why These 5 Stocks Are On Investors' Radars Today
Mar 18, 2025
U.S. stock markets traded lower on Tuesday as investors awaited the Federal Reserve’s interest rate decision. The Dow Jones Industrial Average slipped 0.6% to 41,581.31, while the S&P 500 lost nearly 1.1% to 5,614.66. The Nasdaq tumbled 1.7% to 17,504.12. These are the top stocks that gained the attention of retail traders and investors throughout the day: Nvidia Corporation (...
Nasdaq Falls 300 Points As Nvidia, Palantir Decline: Greed Index Remains In 'Extreme Fear' Zone
Nasdaq Falls 300 Points As Nvidia, Palantir Decline: Greed Index Remains In 'Extreme Fear' Zone
Mar 19, 2025
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Extreme Fear” zone on Tuesday. U.S. stocks settled lower on Tuesday, with the Nasdaq Composite falling around 300 points during the session. Shares of Palantir Technologies Inc ( PLTR ). fell around 4%, while Nvidia Corp. ( NVDA )...
Williams-Sonoma, HealthEquity And 3 Stocks To Watch Heading Into Wednesday
Williams-Sonoma, HealthEquity And 3 Stocks To Watch Heading Into Wednesday
Mar 18, 2025
With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Signet Jewelers Ltd. ( SIG ) to report quarterly earnings at $6.25 per share on revenue of $2.33 billion before the opening bell, according to data from Benzinga Pro. Signet shares gained 0.3% to...
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Natural gas price surrenders to the sideways track – Forecast today – 5-4-2024
Natural gas price surrenders to the sideways track – Forecast today – 5-4-2024
Apr 5, 2024
Natural Gas Price Analysis Expected Scenario The natural gas price failed to breach the $2.000 barrier, confirming the dominance of a sideways bias. It has been observed crawling towards $1.780. Expected Outcome It's recommended to stay neutral and monitor the price, particularly regarding major levels represented by the mentioned resistance and $1.540 support line. These levels form solid obstacles against...
Copper price repeats the positive closings – Forecast today – 5-4-2024
Copper price repeats the positive closings – Forecast today – 5-4-2024
Apr 5, 2024
Copper Price Analysis Expected Scenario The copper price remains stable above the additional support of $3.9500. It has recorded some recent gains, reaching $4.2500 and settling near this level. Expected Outcome Stochastic current consolidation within the overbought areas will likely increase positive momentum. Crawling below $4.1500 and holding below it might force the price into mixed sideways trades before reaching...
No change to platinum price positivity – Forecast today – 5-4-2024
No change to platinum price positivity – Forecast today – 5-4-2024
Apr 5, 2024
Platinum Price Analysis Expected Scenario The platinum price was affected by stochastic exiting from the overbought areas. This caused a postponement of the bullish attack, with fluctuations near the initial support of $920.00. This decline, however, does not pose a threat to the bullish track, relying on the stability of the major support at $895.00 to confirm positivity continuation. Expected...
The EURGBP provides positive signal – Forecast today – 5-4-2024
The EURGBP provides positive signal – Forecast today – 5-4-2024
Apr 5, 2024
EURGBP Pair Analysis Expected Scenario The EURGBP pair surrendered to positive pressures caused by a stochastic rally towards the 80 level. It surpassed the negative track resistance at 0.8562 and achieved gains by reaching the MA55 at 0.8585. Expected Outcome Continuous positive closings above the breached resistance and gathering additional positive momentum indicate a strong bullish rally in the near...
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Sector Update: Consumer
Sector Update: Consumer
Apr 25, 2024
03:30 PM EDT, 04/25/2024 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) decreasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.2%. In corporate news, Inter Parfums ( IPAR ) shares plunged more than 10% in recent trading, a day after it reported Q1 net sales...
Update: T-Mobile US Gets FCC Approval to Acquire Mint Mobile
Update: T-Mobile US Gets FCC Approval to Acquire Mint Mobile
Apr 25, 2024
03:13 PM EDT, 04/25/2024 (MT Newswires) -- (Updates with additional details from second paragraph onwards.) T-Mobile US ( TMUS ) on Thursday received the Federal Communications Commission's approval to purchase budget wireless provider Mint Mobile. The FCC's order also approves transfer of 214 authorizations held by Mint Mobile and UVNV, which operates Ultra Mobile, to T-Mobile from Ka'ena, according to...
Market Chatter: AMC Entertainment Creditor Group Proposes Pushing Back 2026 Debt Maturity
Market Chatter: AMC Entertainment Creditor Group Proposes Pushing Back 2026 Debt Maturity
Apr 25, 2024
03:25 PM EDT, 04/25/2024 (MT Newswires) -- AMC Entertainment Holdings ( AMC ) faces a creditor group proposal to push back near-term debt maturity loans to beyond 2026, Bloomberg reported Thursday, citing people familiar with the matter. The company is due to repay $2.8 billion in 2026, including a $1.9 billion term loan in April of that year and $969...
Update: National Bank Lowers Mullen Group Target to $18, Maintains Outperform
Update: National Bank Lowers Mullen Group Target to $18, Maintains Outperform
Apr 25, 2024
03:16 PM EDT, 04/25/2024 (MT Newswires) -- Mullen Group ( MLLGF ) has had its target lowered to $18, from $19.50, at National Bank after its Q1 results missed NBF and consensus forecasts. Analyst Cameron Doerksen says that although the trucking market looks set to be weak in the short term, he continues to be positive, especially in the context...
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Analyst Sees Hyperliquid’s $4M Loss as a Growth Opportunity for DeFi
Analyst Sees Hyperliquid’s $4M Loss as a Growth Opportunity for DeFi
Mar 13, 2025
Following yesterday’s whale liquidation event on Hyperliquid, which saw the decentralized exchange (DEX) lose $4 million, some analysts are characterizing it as a necessary stress test that could ultimately strengthen decentralized finance (DeFi) protocols. Others have even suggested that the incident could benefit Hyperliquid’s native HYPE token in the long run. Lessons Learned The loss occurred when a trader, identified...
Bitcoin Price Analysis: BTC Risks Falling to $75K if This Resistance Breaks
Bitcoin Price Analysis: BTC Risks Falling to $75K if This Resistance Breaks
Mar 14, 2025
Bitcoin is currently grappling with a crucial support region at the $80K mark, with sellers attempting to breach it. If a breakdown occurs, the assets next target will be the critical $75K level. Technical Analysis By Shayan The Daily Chart Bitcoin sellers have been struggling to maintain the significant support at the $80K price range, which aligns with both the...
Recent Ripple v. SEC Lawsuit Updates, Interesting XRP Price Predictions, and More: Bits Recap March 14
Recent Ripple v. SEC Lawsuit Updates, Interesting XRP Price Predictions, and More: Bits Recap March 14
Mar 14, 2025
TL;DR Speculation is rising that the case between Ripple and the SEC could conclude before April 16, with the company supposedly negotiating a lower penalty. Analysts foresee a major price surge for XRP in the short term. The X user Crypto General targets $9, while EGRAG CRYPTO predicts an extreme rally to $27-$222, though such valuations would require a massive...
Will Crypto Markets React to $3B Bitcoin Options Expiring Today? 
Will Crypto Markets React to $3B Bitcoin Options Expiring Today? 
Mar 13, 2025
Around 35,000 Bitcoin options contracts will expire on Friday, March 14, and they have a notional value of roughly $2.9 billion. This week’s event is a little larger than last week’s, but a mammoth end-of-quarter $11 billion options contract expiry is due on March 28. The impact on spot markets is likely to be minimal as markets digest slightly lower-than-expected...
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