Quick Look: USD/JPY dipped 0.03% to 160.77, staying near multi-year highs with a target of 161.00. Resistance at 161.00, 162.00, 164.87, and 178.00; support at 159.01, 158.75, 158.36, and 157.70. Japanese intervention has limited effect; traders remain bullish despite warnings. The USD/JPY pair experienced minimal losses, dipping slightly by 0.03% to close at 160.77. Despite …
Quick Look: Nifty 50 surpasses the 24,000 mark for the first time, driven by a bullish trend. Nifty recorded a 6.72% weekly gain, while S&P BSE Sensex increased by 7.14%. Foreign investors infused 76.59 billion rupees ($918 million) into the market, boosting Nifty. The Nifty 50 continues its positive trajectory, closing above the significant 24,000 …
Indian Nifty 50 Surpasses 24,000, Targets 24,400 Zone Read More »
Quick Look: Enovix is rated “Outperform” with a $36.00 price target. VR customer validates tech with prepaid tooling, boosting strategic value. A versatile manufacturing process meets rising edge device and AI battery demand. Cost reduction aims to save $35M annually, extending operations into 2026. Enovix Corporation, trading under the ticker NASDAQ, has recently garnered positive …
Enovix Aims for Growth with $36 Stock Target and VR Boost Read More »
Quick Look: Crossover Markets raised $12M, led by Illuminate Financial and DRW Venture Capital. Mark Beeston from Illuminate Financial joins the board, adding strategic vision. The ECN platform reported $3.15 billion in trading volume in Q1, known for speed and efficiency. The balanced fee model charges one basis point to makers and takers, attracting diverse …
Quick Look: Latin America’s stable inflation and lower interest rates boost consumer spending and investment, aiding retail growth. Traditional retailers enhance products and services to compete with online-only retailers, focusing on customer retention. Retailers balance growth with profitability, optimising logistics and customer relations for sustainable development. FEMSA Comercio, Grupo Comercial, Organización Soriana, and Grupo Coppel …
Latin America’s Retailers Boosted by Economic Growth in 2024 Read More »
Quick Look: Trump’s net worth rose by $900 million due to a rise in Trump Media stock. Shares increased by 27%, valuing Trump’s stake at $4 billion. On Monday, Donald Trump experienced a notable increase in his net worth, rising by $900 million. This surge appeared primarily due to a significant uptick in the share …
Trump Media Surge Boosts Trump’s Net Worth by $900M Read More »
Quick Look: Cocoa Price Drop: NY cocoa dropped by 11.20% and London cocoa by 8.19%, hitting new lows. Higher Yields: Favorable weather in major cocoa-producing regions boosted production, affecting market supply. Consumer Cutbacks: Rising chocolate prices lead consumers to buy less, reducing demand and impacting prices. Production Forecasts: Ghana’s 2024/25 cocoa production forecast increased, while …
Quick Look: Exchange Rate Levels: USD/JPY stands at 159.70, with key resistance at 160.32 and support at 158.42 and 155.60. Japanese Economic Policy: BOJ ends negative interest rate policy; possible intervention if the rate hits 160.00. US Economic Indicators: Robust PMI readings; Composite PMI hits 54.6, the highest since April 2022. The USD/JPY exchange rate …
Quick Look: ANI Pharmaceuticals has a broad portfolio of branded and generic drugs, with strong distribution in the US and Canada. Gross revenue of $486.82M and net income of $18.78M; P/E ratio is 36.58. 76.1% institutional and 12.7% insider ownership; a beta of 0.81 indicates lower stock volatility. The consensus target price suggests a significant …
ANI vs. Sarepta: Financial Metrics and Market Positions Read More »
Quick Look: HarmonyOS Expansion: Powers over 900 million devices, now second best-selling OS in China with a 17% market share. Ascend AI infrastructure is the second most popular globally, highlighting Huawei’s significant progress. Smartphone Growth: The Mate 60 launch led to a 68% sales increase in early 2024, revitalizing Huawei’s smartphone division. Showcased advancements to …
Huawei’s Decade: 900M Devices and 68% Sales Surge Read More »
Quick Look: Israeli Air Strikes: Killed at least 14 in Gaza, increasing regional tensions. Gold Prices: Spot gold rose 0.1% to $2,362.60 per ounce, with a weekly gain of 1%. Other Precious Metals: Silver fell 0.3%, while platinum and palladium prices increased by 0.7% and 0.8%. Market Analysts: Geopolitical tensions and potential US rate cuts …
Gold Rises 1% Amid Gaza Strikes and Economic Shifts Read More »
Quick Look USD/CHF Surge: The currency pair rose from 0.8833 to 0.8911 after the SNB rate cut. SNB Rate Cut: The Swiss National Bank reduced rates from 1.50% to 1.25%, weakening the Swiss Franc. US Economic Data: Higher jobless claims and poor housing data may lead to US rate cuts in 2024. Technical Analysis: USD/CHF …
Quick Look: Approval of Bitcoin ETFs in January 2024 has led to significant institutional accumulation, reshaping market dynamics. May 2024 saw $2 billion in digital asset fund inflows, primarily driven by BTC investments. Bitcoin’s price fell to $65,487 in June 2024, influenced by ETF net outflows and broader market shifts. Bitcoin exchange reserves have reached …
Bitcoin Exchange Reserves at 3-Year Low in June 2024 Read More »
Quick Look: Robust May sales data from China drove a significant rally in oil prices on June 18, 2024. Heightened risks from Ukrainian drone strikes and potential Israel-Hezbollah conflict have bolstered oil prices. An unexpected increase in U.S. crude stocks led to a slight dip in oil prices on June 19, 2024. On June 18, …
Oil Prices Jump as Chinese Retail Sales Exceed Expectations Read More »
Quick Look: Tether’s new synthetic dollar, aUSDT, represents a strategic push into tokenization. XAUT overcollateralizes AUSDT to ensure security and stability on the Ethereum-based Alloy platform. Oversight by Moon Gold entities and El Salvador’s CNAD ensures regulatory compliance and integrity. Tether, a prominent name in the cryptocurrency world, has unveiled its latest financial innovation: a …
Tether Introduces aUSDT, 75% Gold-Backed Synthetic Dollar Read More »
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