The South African rand remained under pressure this week, even after the recent credit rating upgrade and the growing optimism about the country. The USD/ZAR exchange rate was trading at 17.20, a few points above the year-to-date low of 16.95. It remains about 13.75% below the highest point this year. South African Rand wavers as
The FTSE 100 Index remained under pressure this week, continuing a downtrend that started late last week when it jumped to a record high of £9,935. It has dropped in the four consecutive days and is now at the lowest level since October 23. It remains about 26% above its lowest level in April. FTSE
The DAX Index has pulled back in the past few months as the recent momentum in global stocks pulled back. It dropped to a low of €23,180, its lowest level since June 22, and is hovering at its lowest level since June 23rd. This article explores some of the top companies dragging the index. Adidas
The Adidas share price has been in a strong downward trend in the past few months, making it the top laggard in the DAX Index. It plunged to a low of €153.90, down by over 41% from its highest point this year. This crash has brought its market cap from a peak of €47 billion
The XRP price remained under pressure in the past few months as investors dumped Bitcoin and most altcoins. Ripple dropped below $2.20 on Wednesday, down sharply from the year-to-date high of $3.6565. So, is it safe to buy the dip as XRP ETF inflows rise? XRP ETF inflows are continuing The XRP price has retreated
Wix’s stock price has crashed to a bear market this year, as it has crashed by over 48% from its highest level this year, as concerns about its growth and the emerging competition rise. It was trading at $126 on Wednesday, with its market capitalization remaining at $7 billion, down from the year-to-date high of
Nvidia stock price has pulled back in the past two weeks, moving from the year-to-date high of $212 to $180. This retreat will either accelerate or reverse once the company publishes its financial results later today. Nvidia will likely publish strong results Wall Street analysts are highly optimistic about the upcoming Nvidia earnings. Data compiled
The copper price outlook for the medium to long-term remains upbeat amid signs of a supply deficit and heightened demand from decarbonization, urbanization, and modernization. Nonetheless, its upside potential in the short term has been curbed by the persistent economic uncertainties. Indeed, Dr Copper’s current price action mirrors the jitters in the broader market amid
The recent crypto market crash continued today, Nov. 16, with Bitcoin moving below $95,000. Other top coins like Ethereum, XRP, Solana, and Tron also continued their strong plunge. The market cap of all tokens dropped to $3.28 trillion. Crypto market crash continues as stimulus check odds fall One potential catalyst for the ongoing crypto market
Top crypto stocks will be under pressure on Monday as Bitcoin and most altcoins continue their downtrend. The Bitcoin price has crashed to $95,000, down by about 25% from its highest point this year. Ethereum price has retreated to $3,200, down by about 35% from the year-to-date high, while XRP has slumped by nearly 40%