Latest forex insights: USD climbs, Rand hold, Yen in focus!
Options on Secured Overnight Financing Rate (SOFR) futures are indicating an increased likelihood that the Federal Reserve might raise interest rates this year and the next, as seen in the latest forex insights. These insights are pivotal as US. inflation
Top stocks: Tesla, Apple gain in trading
In a very choppy trading session on Monday, Wall Street’s main indexes ended slightly higher, with top stocks such as Tesla and Apple surging. Tesla shares jumped almost 13% as the electric vehicle giant cleared a major hurdle for its
Latest oil trends: Prices rally, traders eye new Namibia deposits!
Brent crude oil prices held steady in the latest oil trends. Oil moved close to $88 a barrel on Wednesday, after a rally the previous day, spurred by a surprise drop in US crude inventories and shrinking business activity in
Tesla shares rise ahead of quarterly results – is it a buy?
Tesla’s shares (TSLA.O) on Tuesday jumped 2.3% to $145.34 in morning trading ahead of the electric car manufacturer’s publication of first-quarter results: Its gross profit margin was expected to fall to the lowest level since 2016 after the company lowered
Latest stock trends: US stocks rise, Tesla price drops
In the latest stock trends, US stock indices were expected to open higher on Monday following sharp declines in the prior session, after easing tensions in the Middle East buoyed risk appetite.The relief rally comes at a crucial point
Commodity news: Oil price falls nearly 3%
In commodity news, Oil prices fell almost 3% on Wednesday as upward pressure from concerns about violence in Ukraine gave way to weaker economic indicators from China and the passage of US legislative support for Ukraine and Israel, according to
Forex trading news: Rand drops, Dollar climbs!
In forex trading, the South African rand has fallen back further on Tuesday, following a slide fuelled by rising geopolitical risks from heightened tensions in the Middle East and lower market expectations of a US Federal Reserve interest rate cut.
Cryptocurrency trading: Bitcoin drops below $62,000
In cryptocurrency trading, the price of bitcoin had dropped by 7.9% to $61,842 – falling the previous day by $5,308 from its last closing price.This makes the largest and most widely known cryptocurrency in the world drop 16.2% from
Stock trading news: NVIDIA soars in markets
In stock trading trends, the S&P 500 and Dow benchmarks were quiet around noon on Thursday as long-dated Treasury yields stayed high following the latest data on the labour market as well as comments from Fed officials.Meanwhile, the president of
Commodity trading alert: Oil, Gold prices soar in market
In commodity trading, oil prices held steady Wednesday near six-month highs after rising by a dollar a barrel the day before.Investors are bracing for more volatility from the Middle East to affect prices.Brent crude futures rose 27 cents or