Market News

Brent crude oil price continued its strong downward trend today, June 23, reaching its lowest level since March 2nd as investors focused on the ongoing US-Iran talks. It has now slumped by over 35% from its highest point this year, and this trend may continue as supply jumps. Crude oil supply to surge as demand… Continue reading Brent crude oil price crash to accelerate, but two key risks remain

China EV stocks are in a strong freefall this year as investors remain pessimistic about their growth prospects. Nio stock slipped to $5 on Friday, down nearly 30% from its May high, and is hovering at its lowest level since March 9.  Xpeng stock has tumbled to $13.21 in New York, down 53% from its… Continue reading Nio, XPeng, Li Auto, BYD, Polestar: Why are China EV stocks tumbling?

Sandisk, Western Digital, and Seagate stocks have been in a strong rally this year and are the top gainers in the S&P 500 and Nasdaq 100 indices. SNDK jumped by 800% this year, while Western Digital, Micron, and Seagate have soared by 320%, 285%, and 280%, respectively.  Sandisk, Western Digital, and Seagate face a major… Continue reading Western Digital, Seagate, Sandisk stocks are bracing for a major Micron event

The FTSE 100 Index has wavered in the past few weeks and continued to underperform its top global peers like the S&P 500, Kospi, and the Nikkei 225. It has barely moved in the past three months. This article highlights some of the top catalysts for the Footsie this week. FTSE 100 Index to react… Continue reading FTSE 100 Index outlook: top 3 catalysts for the Footsie this week

Global investors have focused on the performance of top memory stocks like Micron (MU), Sandisk (SNDK), and SK Hynix this year as they surpass their all-time highs each week. However, Kioxia stock, a top competitor, is beating all of them by a large margin. Kioxia stock is firing on all cylinders Kioxia stock price is… Continue reading Japan’s Kioxia stock is beating Micron, Sandisk, SK Hynix: here’s why

The Hang Seng Index continued to deviate from its global peers today, June 22, and formed two major highly bearish patterns, pointing to further downside in the near term.  The index, which tracks the top Chinese companies, dropped to 23,445 on Monday, its lowest level since June last year and 16% below its all-time high.… Continue reading Hang Seng Index just flashed a death cross as Kospi, Nikkei 225 surge: here’s why

The Nikkei 225 Index continued pumping today, June 22, reaching a new all-time high of 72,639, after the US and Iran agreed on a roadmap for a deal, and as the artificial intelligence supercycle continued. It has jumped by 45% this year. This article highlights some of the top news that will drive Japanese stocks… Continue reading Top 4 catalysts for Japan’s Nikkei 225 Index this week

The GBP/USD exchange rate came under pressure on Monday morning as investors reacted to the ongoing political uncertainty in the UK. It retreated to 1.3224, down sharply from last week’s high of 1.3460. Odds of Keir Starmer staying as Prime Minister fall The GBP/USD pair retreated sharply as investors remained concerned about the UK’s political… Continue reading GBP/USD forecast: death cross nears as Keir Starmer’s resignation odds jump

The S&P 500 Index remained under pressure last week after the Federal Reserve delivered a highly hawkish interest rate decision. It also wavered as investors reacted to the new ceasefire between the US and Iran, which drove energy prices lower. This article looks at some of the key catalysts for S&P 500 and the key… Continue reading Top 3 catalysts for the S&P 500 Index this week