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
Investing
Investing
US Dollar weakens despite escalating Middle East tensions as markets await US data
The US Dollar (USD) struggled to attract buyers early Thursday despite a fresh escalation in tensions in the Middle East. Investors shifted their
Economy
PepsiCo beats revenue estimates but warns North America demand remains under pressure
PepsiCo beat Wall Street expectations for second-quarter revenue and profit on Thursday, but investors focused on the company’s warning that inflationary pressures continue
Economy
Smart money loves a bad market
Bull markets are liars. When everything’s pumping, a coin backed by nothing outruns a protocol with real users and revenue. Everyone’s a genius
Economy
Micron to invest up to $3B in US chip supply chain, stock jumps on AI optimism
Micron Technology shares surged 6% in premarket trading on Thursday after the memory-chip maker announced plans to invest up to $3 billion to
Economy
Bitcoin Cash price outlook: Can BCH build on Bitcoin-led gains?
Bitcoin Cash (BCH) traded at $236.38 at the time of writing, posting a 1.5% gain over the past 24 hours. The move comes
Economy
Gold recovers as strong US labor data offsets earlier pressure from higher oil prices
Gold prices moved higher on Thursday, recovering above the $4,100 mark after stronger-than-expected US lalabourbour market data boosted investor sentiment. The gains came
Economy
Dow Jones slips even as chip stocks offset renewed US-Iran tensions
US stocks opened higher on Thursday as gains in semiconductor shares helped offset renewed geopolitical concerns after fresh exchanges of attacks between the
Economy
US jobless claims declined last week as labour market holds steady
The number of Americans filing new applications for unemployment benefits declined last week, pointing to continued resilience in the US labour market even
Economy
Broadcom stock is in a local bear market: will it retest its record high?
Broadcom stock price rose by 5% on Wednesday after extending its relationship with Apple. AVGO rose to $395, a 10% increase from its