Kospi Index jumps as Samsung, SK Hynix lead, but beware of key risks
South Korea’s Kospi Index jumped by over 4% on Friday, capping a highly volatile week that saw it plunge to 7,060, its lowest level since May 20. It remains in…
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USD/ZAR forecast: falling wedge points to a South African rand pullback
The USD/ZAR exchange rate rose by a few pips today, July 9, as crude oil prices rose following the new strikes in the Middle East. It jumped to 16.50 on…
Hang Seng Index rallies as Alibaba, Tencent, Lenovo shares surge
The Hang Seng Index staged a strong comeback today, reaching its highest level since June 18, as investors rotated towards Chinese technology companies that have been left behind in the…
NZD/USD forecast: bearish signals emerge ahead of RBNZ decision
The NZD/USD exchange rate pulled back a bit on Tuesday, reacting to more weak US macro data, and as traders refocused on the upcoming Reserve Bank of New Zealand (RBNZ)…
Kospi Index slides as foreigners dump ahead of Samsung earnings
The Kospi Index retreated by over 1.5% today, July 6, as foreign investors continued to sell their shares ahead of Samsung Electronics’ preliminary earnings report. It was trading at 7,947,…
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…
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 fear that Strategy will dump some of its holdings. BTC jumped to $60,870, up modestly from…
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…
USD/JPY signal: forecast as the Japanese yen plunges to 162
The Japanese yen continued its strong downward trend this week, reaching its lowest level in over 40 years. The USD/JPY crossed the crucial resistance of 162, bringing its 12-month gains…
Here’s why the MOEX Index and Russian ruble are falling
Russian stocks and the ruble are in a strong downward spiral as pressures on the economy mount amid the ongoing attacks by Ukraine. The USD/RUB pair soared to 78.6860, its…