The Zimbabwean ZiG currency has remained in a tight range this week as investors reacted to the new announcement by the government. The USD/ZWG exchange rate was trading at 26.19, where it has remained this year. Zimbabwe pledges not to abandon the US dollar The Zimbabwe ZiG currency was unchanged after President Mnangagwa announced that
The USD/CHF exchange rate has remained in a narrow range in the past few months as investors watched trade relations between Switzerland and the United States. It has remained inside the support of 0.7865 and the resistance at 0.8152. So, what’s next for the Swiss franc? Franc steady after the US and Switzerland deal The
UK bank stocks popped by over 3% on Tuesday as investors waited for the upcoming Rachel Reeves budget reading and as traders anticipated more returns. Lloyds share price jumped by 3.78% to 90.69p, up from this week’s low of 85.86. It has jumped by over 80% from its lowest level this year. Barclays stock price
The Nifty 50 Index has jumped to a record high this year despite the Indian economy facing major challenges, including tariffs, retail investors selling, and a plummeting rupee. It was trading at ₹26,167 on Wednesday, a few points below the all-time high of ₹26,260. Indian retail investors are dumping shares The Nifty 50 Index is
Dell stock price held steady after forming a double-bottom pattern before its financial results. It rose by 3.20% in extended hours, moving to $130, up from this month’s low of $117.40. Dell’s business is benefiting from the AI tailwinds Dell, the giant IT company, published financial results that missed analysts estimates. In a statement, the
CoreWeave stock price has been in a strong downtrend in the past few months, leading to a $52 billion wipeout as its market cap dropped from $88 billion in June to $35 billion. It has dropped from the year-to-date high of $187.16 to $71.30. So, will it rebound as insiders sell? CoreWeave stock at risk
Blue Owl stock price has been in a freefall and is lagging other top companies in the industry like Apollo, Blackstone, and Ares. OWL has plunged from the year-to-date high of $25.52 to $14.45, while its market cap has dropped from $40 billion to $22 billion today. Blue Owl stock is facing major headwinds Blue
Palladium price remains range-bound with limited upside potential compared to its substitute; platinum. In the short term, it is finding support in the easing of the US dollar rebound and steady safe-haven appeal. Besides, increasing bets on a dovish Fed during its December meeting are a bullish driver. Palladium price forecast points to curbed upside
Fresh signs of resilience in the US labor market have curbed GLD gold price gains even as the persistent uncertainties offer steady support to the precious metal. At the time of writing, the bullion was trading at $4,163 an ounce amid heightened bets for a 25 basis point rate cut by the Fed in December.
Crypto prices are rising today, with Bitcoin and most altcoins being in the green. Bitcoin surged above $91,000, continuing the recent uptrend that started last week when it bottomed at $80,000. Other top tokens like Chainlink (LINK), Ripple (XRP), and Merlin Chain (MERL) are also rising. Why Merlin Chain, Chainlink, and XRP are rising Merlin