Market News

Marvell Technology’s stock price surged on June 8, rebounding sharply from last week’s brutal sell-off. The rally came after the company was announced as one of the upcoming additions to the S&P 500 Index. However, despite today’s gains, there is a risk that MRVL stock could be on the verge of another pullback in the… Continue reading Here’s why the Marvell Technology stock may plunge despite S&P 500 news

Adobe (NASDAQ: ADBE) stock price remains on edge this week as investors wait for the upcoming quarterly results, which will provide more insights on its business amid the ongoing artificial intelligence disruption. ADBE dropped to $248, down slightly from last month’s high of $274. This article explores what to expect as the company prepares to… Continue reading Cheap Adobe stock has formed a risky pattern: will it crash after earnings?

The Japanese yen crashed to an important level that triggered a massive Bank of Japan (BoJ) intervention in April. The USD/JPY exchange rate rose to the crucial resistance at 160, its highest point since April 30th this year, and 3.40% from its lowest point in May. Japanese yen slumps despite strong GDP data The USD… Continue reading USD/JPY forecast as Japanese yen hits critical BoJ intervention level

The Indian rupee retreated slightly against the US dollar on Monday as geopolitical tensions rose and after the US published a strong jobs report last week. The USD/INR exchange rate was trading at 95.2900, down modestly from the year-to-date high of 96.90. Goldman Sachs turns bullish of the Indian rupee Analysts at Goldman Sachs believe… Continue reading USD/JPY forecast as Goldman Sachs turns bullish on the Indian rupee

The Hang Seng Index retreated by over 1.18% on Monday, continuing a sell-off that started on May 14, when it peaked at H$26,856. It retreated to a low of H$24,466, its lowest level since March 30th this year. Hong Kong stocks retreat as global rout in tech shares continue The blue-chip Hang Seng Index retreated… Continue reading Here’s why the Hang Seng Index is falling by 1.20% today (June 8)

A crypto market rally is underway today despite the ongoing retreat in global equities, with Japan’s Nikkei 225, German’s DAX, Hong Kong’s Hang Seng, China’s Shanghai Composite, and Australia’s ASX 200 falling by over 0.80%. Bitcoin (BTC) jumped to $63,000 from the weekend low of $59,000. The top gainers in the crypto market were Audiera,… Continue reading Crypto market rally today: Here’s why Bitcoin and top altcoins are going up

The Nikkei 225 Index slumped by nearly 4% today, June 8, as the recent rally took a breather. It retreated to ¥64,000, down from the year-to-date high of ¥68,670. This retreat was a reaction to the latest GDP data, global stock market retreat, and the continued US-Iran quagmire. Top reasons behind the Japanese stock market… Continue reading Top 3 reasons Japan’s Nikkei 225 Index is falling today

The S&P 500 Index suffered a harsh reversal on Thursday and Friday as investors reacted to the latest US non-farm payrolls (NFP) data and Broadcom (NASDAQ: AVGO) earnings. It retreated to $7,383, down from the year-to-date high of $7,618. This article looks at the key catalysts that will impact the index and the top ETFs… Continue reading Top catalysts that will drive the S&P 500 Index, VOO, SPY, and IVV ETFs

Ethereum (ETH) price stabilized a bit on Sunday, rising to $1,600 from the Saturday low of $1,512. It remains 34% from its highest point in May, and 67% below its all-time high. It has also formed an inverted cup-and-handle pattern, pointing to more downside. Ethereum price technical analysis points to more downside The daily chart… Continue reading Ethereum price: inverted cup & handle points to a crash amid ETF outflows