The Hang Seng Tech Index continued its strong downward trend this week as some key Chinese technology companies published weak financial results and as mainland Chinese investors continued selling Hong Kong shares. It tumbled to a low of H$5,100, its lowest level since June last year, and is down by over 23% from its highest
The Chinese yuan is soaring and beating the US dollar as the debasement trade gains steam. The USD/CNY exchange rate was trading at 6.8365, its lowest level since April 2023. It has dropped in the last 14 consecutive weeks, and is down by almost 7% from its highest level last year. Why the Chinese yuan
The Diageo share price suffered a harsh reversal this week, making it one of the worst-performing companies in the FTSE 100 Index. It plunged to a low of 1,585p on Wednesday, its lowest level since January 9 as the company reported weak financial results and slashed its dividend. So, is it safe to buy the
IAG share price continued its strong rally, reaching its all-time high as the company prepared to release its financial results on Friday this week. It has jumped for three consecutive months and is up by over 430% from its lowest level during the pandemic. So, will the stock continue rising or crash after its earnings?
DoorDash stock price remains in a technical bear market after falling by over 40% from its highest level in October last year. DASH was trading at $173, with its market capitalisation falling from over $121 billion to the current $75 billion. So, will the stock rebound or continue the downward trend? DoorDash stock price falls
CoreWeave stock price remained in a tight range this year, even as other companies in the data center industry like Hut and Terawulf soared. CRWV was trading at $100, up by 53% from its lowest level in December last year. This article explores what to expect as it publishes its financial results. CoreWeave is to
Nebius stock price held steady this month, moving from a low of $73 on February 5 to the current $106. It has formed a highly bullish chart pattern, pointing to an eventual rebound to last year’s high of $140. Nebius stock price technical analysis points to a rebound The daily timeframe chart shows that Nebius’
The USD/ZAR exchange rate continued its rally this week as the dollar debasement trade gained momentum. It dropped for four consecutive days to trade at 15.95, down by 20% from its highest point last year. This article provides a forecast for the South African rand. South African rand rallies amid the dollar debasement trade The
The USD/JPY exchange rate continued rising this week, reaching its highest level since February 10 after Sanae Takaichi nominated two dovish central bank officials. It rose to a high 156, much higher than the year-to-date low of 152.28. Sanae Takaichi nominates dovish Bank of Japan officials The Japanese yen has retreated in the past few
The HSBC share price jumped by over 3% in Hong Kong, reaching a high of $140, its highest level since February 11. It is nearing its all-time high of $141.5, up by 102% from its lowest level in April last year. It has jumped by over 300% in the last five years, bringing its market