The Japanese yen continued its strong downward trend this week, reaching its lowest level in over 40 years. The USD/JPY crossed the crucial resistance of 162, bringing its 12-month gains to 12.3%. BoJ prepares response to the weaker yen The USD/JPY pair continued its recent upward trend this week as the US Dollar Index (DXY)
Global energy stocks have pulled back in the past few days as crude oil and natural gas prices slumped, and this trend may continue after Morgan Stanley warned of a global glut. Shell share price plunged to 2,900p on Monday, its lowest level since February, and 20% from the year-to-date high. BP stock fell to
AeroVironment stock price surged in the extended hours, paring back some of the recent losses, after the company announced strong financial results amid the ongoing demand for drones. AVAV shares jumped by over 20%, its best daily performance this year. It reached a high of $168 from the year-to-date low of $135. AeroVironment stock jumps
The UnitedHealth Group stock price has embarked on a major rally in the past few months and has recently formed the encouraging golden cross pattern. UNH jumped to $420, its highest level since April 25. It has soared by 78% from its lowest level this year. Why UnitedHealth Group stock is soaring UnitedHealth Group, the
Palo Alto Network stock has gone parabolic this year, helped by the belief that the ongoing AI boom will lead to more demand for cybersecurity tools. PANW jumped to a record high of $332, up by 137% from its lowest level this year. Its market capitalization has jumped to over $270 billion. Palo Alto Networks
South Korea’s Kospi Composite Index slipped by nearly 2% on Monday morning, driven by the sell-off in SK Hynix and Samsung, rising crude oil prices amid the ongoing US-Iran crisis, and fears of single-stock ETFs. It retreated to 8,255 points, a few points below the year-to-date high of 9,387. Samsung, SK Hynix stocks retreat amid
Corn price dropped lower on Monday to its lowest level in close to 10 months as favorable growing conditions and lower crude oil prices weigh on the market. Notably, it has been in the red for the past six consecutive weeks. Despite the expected corrective rebound, the bears are set to remain in control in
The Nikkei 225 and Topix indices have wavered close to their all-time highs as volatility in the stock market rises. Nikkei ended last week at 69,360, down from the year-to-date high of 72,780, while Topix fell from 4,105 to 3,963. This article explores the top catalysts for Japan stocks this week. Potential BoJ intervention on
Russian stocks and the ruble are in a strong downward spiral as pressures on the economy mount amid the ongoing attacks by Ukraine. The USD/RUB pair soared to 78.6860, its highest level since April 8, while the MOEX Index remains in a correction after falling by 10% from its highest point this year. Russian ruble
Rolls-Royce share price has wavered in the past few days as demand for UK stocks has waned. After soaring to a record high of 1,531p last week, it ended the week at 1,406p. Still, a potential catalyst may help push the stock back to a record high. Rolls-Royce is working on a narrow-body engine RR