Market News

Palantir stock is sitting at a crucial support level that may determine its forward trajectory. It is trading at $126.90 today, June 18, down modestly from this month’s high of $162. So, will the stock continue its bearish trajectory or stage a comeback? Reasons why the Palantir stock has slumped There are three main reasons… Continue reading Palantir stock slips below a crucial technical price: here’s why

International Business Machines (NYSE: IBM) stock price retreated sharply today, June 18, continuing a downward trend that started on June 2nd this year. It plunged to $245.8, down by 26% from its highest point this month.  IBM stock slumps after Accenture’s weak earnings IBM shares were in the red today, after Accenture, a top global… Continue reading Here’s why the IBM stock is falling after the Accenture earnings

BitMine stock price has crashed this year as Tom Lee’s Ethereum bet backfires. BMNR dropped to $15.70 on Wednesday, down substantially from last year’s high of $160. This retreat may continue as Cathie Wood pares back her holdings and as the Ethereum price remains under pressure. BitMine stock has slipped amid soaring unrealized losses Tom… Continue reading BitMine stock: Tom Lee’s Ethereum bet backfires as key metrics plunge

UK banking stocks jumped to multi-month highs this week as investors cheered the US-Iran ceasefire deal and waited for the latest Bank of England interest rate decision. NatWest share price jumped to 638p, its highest level since February 9 this year, and 26% above its lowest point in March. Lloyds Bank soared to 105.80, its… Continue reading Here’s why Barclays, NatWest, Lloyds shares are pumping this week

The crypto market is on edge today, June 18, as investors react to the hawkish Federal Reserve decision and the ongoing boom in the stock market. Bitcoin price retreated below $65,000, while the market capitalization of all tokens fell by 3% to $2.2 trillion.  Some of the top laggards were coins like Audiera, DeXe, SPX6900,… Continue reading Crypto market at risk as liquidations jump 65% after hawkish Fed

The USD/CHF exchange rate rose modestly after the Federal Reserve left interest rates unchanged on Wednesday, with investors now turning their attention to the Swiss National Bank’s upcoming monetary policy decision. It was trading at 0.7988, up slightly from this week’s low of 0.7900. US dollar jumps after FOMC decision The USD/CHF pair drifted upwards… Continue reading USD/CHF forecast ahead of the SNB interest rate decision today (June 18)

The FTSE 100 Index remained in a narrow range this week as focus shifted to the key UK macro data and actions from the Federal Reserve and the Bank of England (BoE). It was trading at 10,440 points on Wednesday, up from this month’s low of 10,122. Bank of England interest rate decision The FTSE… Continue reading FTSE 100 Index forecast ahead of the BoE interest rate decision

Circle Internet Group stock price has pulled back in the past few days, moving from a high of $138.5 in May to the current $79.72. This CRCL pullback may continue in the near future as it faces a triple-whammy of weak technicals, falling USDC supply, and US government yields.  Circle stock price has formed a… Continue reading Circle stock at risk as it faces a major triple whammy of headwinds

SoFi stock is going through a rough patch that has seen its valuation drop from nearly $40 billion in November last year to $22.7 billion today. It has slipped by 32% this year, while popular US indices like the Nasdaq 100 and S&P 500 have jumped by double digits.  SoFi Technologies’ retreat could either create… Continue reading SoFi stock shows bottoming signs after suffering a $17 billion wipeout