The FTSE 100 Index retreated for four consecutive days as UK government bond yields surged and after HSBC published a weak financial report. It dropped to £10,225 on Tuesday, down sharply from the year-to-date high of £10,935. Soaring UK Gold yields A key reason why the FTSE 100 Index pulled back is that UK bond
The WTI crude oil price dropped to the important support level at $100 on Wednesday after Donald Trump paused the newly launched Project Freedom. It has retreated by 15% from its highest point this year. Similarly, Brent, the global benchmark, fell to $108 from this week’s high of $114. Trump suspends Project Freedom Crude oil
IAG share price has come under pressure this year as the ongoing US-Iran war has disrupted its business. It dropped to 366p on Wednesday, down from the year-to-date high of 465p. Focus now shifts to its earnings, which will provide more information on its business during the war. Soaring jet fuel prices are hurting airlines
HYPE price continued its recovery this week, helped by the ongoing crypto market rally and the recently launched prediction marketplace. Hyperliquid token was trading at $44 on Wednesday, its highest point since April 19 this year. It has jumped by 115% from its lowest level this year. Hyperliquid launches Polymarket competitor HYPE price has done
The South African rand continued its strong momentum today, reaching its lowest level since April 22nd as a carry trade opportunity emerged. The USD/ZAR pair dropped to 16.4, down sharply from the year-to-date high of 16.90. Carry trade opportunity strengthens The USD/ZAR exchange rate continued its recent downward trend this week as the carry trade
BT Group share price has done well this year and is now hovering near its highest point since January 2017. It has soared from the pandemic low of 74.8p to the current 220p. This rally may continue in the foreseeable future as the company prepares to release its annual report on May 21. Why the
The Philippine peso continued its strong downward trend and is now hovering near its all-time low as the country’s economy remains under pressure amid the ongoing US-Iran war. The USD/PHP exchange rate was trading at 60.65, a few points below the all-time high of 60.75. The Philippine economy is facing major headwinds The USD to
South Korea’s stocks have retreated sharply in the past few weeks as the impact of the ongoing US-Iran war continued. The Kospi Index dropped by over 3.3% on Tuesday, down by 20% from its highest point this year, meaning it has moved into a technical bear market. Kospi Index crashes amid South Korean exposure to
The conflicting signals regarding the US-Iran peace negotiations continue to fuel volatility in the financial markets. Earlier on Tuesday, the US stock market dropped to levels recorded 7 months ago while oil prices remained in the triple-digit zone. While the inflation concerns are weighing on precious metals, the bullish long-term outlook is offering support to
The South African rand has pulled back in the past two months as the ongoing US-Iran war disrupted the country’s economic growth. The USD/ZAR pair soared to 17.06, as the JSE All Share Index and gold prices slumped. South African rand and JSE All Share Index slumps The USD/ZAR exchange rate has rebounded because of