Brent crude oil price held steady above $110 on Wednesday as investors predicted a prolonged conflict in the Middle East. It has soared sharply from last month’s low of $86. Potential for a prolonged conflict There is a likelihood that the US and Iran will go through a prolonged conflict this year. That’s because President
Venice AIToken price is getting supercharged today, May 20th, helped by the recent Robinhood listing, upcoming NVIDIA earnings, growing usage, and increased VVV token burns. The token has jumped for four consecutive days and is now nearing its all-time high. Venice AI users are growing In an era when popular companies like ChatGPT and Anthropic
Bitcoin price crashed to the important 50-day moving average as it continued facing major headwinds. Spot BTC ETF outflows are soaring, while the Coinbase Premium Index has remained in the red for weeks, a sign that American demand is falling. BTC was trading at $76,745, down sharply from this month’s high of over $82k. Bitcoin
The USD/ZAR exchange rate remained in a narrow range this month, even as the US Dollar Index (DXY) continued its strong rally. This consolidation may end soon as South Africa’s inflation rises and a carry-trade opportunity emerges amid rising Fed and SARB divergence. South African rand in focus as inflation jumps A report by South
Tesco share price retreated by over 2% on Wednesday, before paring back some of the losses as the UK government pushed retailers to cap price increases amid the ongoing Iran war. It slipped to 443p, its lowest level since February 4, and 10.85% below its highest point this year. UK government pushes retailers to limit
Rocket Lab (NASDAQ: RKLB) stock price is in a strong bull run this year and is now hovering at its all-time high. These gains have continued this month as top Wall Street analysts buy ahead of the upcoming SpaceX IPO. It has soared to $127, up by 402% in the last 12 months. So, is
The Kospi Index retreated into a correction as the recent rally takes a breather amid overheating concerns. It retreated to KRW 7,250, down by 10% from the year-to-date high of KRW 8,038. It remains up by over 72% this year and 178% in the last 12 months. So, is this the end of the Kospi
Lloyds Bank share price rose for two consecutive days, beating some of its top rivals like NatWest and Barclays. It rose modestly as the company mapped plans to expand in the United States, as it targets the fast-growing data center business. It was trading at 96.40p, up from this month’s low of 93.30p. Lloyds Bank
IG Group share price has gone parabolic and hit its all-time high after the company published strong financial results and boosted its forward guidance. It soared to a record high of 1,717p, becoming the best performing company in the FTSE 100 Index. It has jumped by over 53% this year, beating the FTSE 100 Index,
Analog Devices stock price has jumped by 52% this year and by 87% in the last 12 months, beating the broader market. This rally will be put to the test on Wednesday when it releases its financial results. It may also announce the Empower announcement as soon as today. Analog Devices may acquire Empower ADI