Brent crude oil price retreated for three consecutive days, reaching its lowest level since April 7 this year. It has plunged from a high of $114 on May 4 to the current $91. This retreat may continue after forming a double-top pattern amid a US-Iran deal. Technical analysis points to a steeper Brent crude oil
The biggest Chinese technology companies are underperforming the market despite the ongoing artificial intelligence boom. Xiaomi stock has plunged by 30% this year, while Tencent and Alibaba have dropped by 27% and 13%, respectively. They have suffered steeper declines from their highest points last year. Xiaomi, which is widely seen as China’s answer to Apple,
SoFi Technology (NASDAQ: SOFI) stock price popped on Friday after forming the highly bullish double-bottom pattern at $15. It soared to a high of $18.50, its highest point since April 28, up by 22% from its lowest point this year, as investors welcomed the new stablecoin. SoFi Technology stock technicals point to more gains The
The Super Micro Computer (NASDAQ: SMCI) stock price extended its rally on Friday as the artificial intelligence supercycle gained momentum. It jumped to $48, its highest point since November 25, up by 145% from its lowest point this year. This rally may continue soon as the Supermicro stock nears a golden cross pattern. SMCI stock
The Kospi Index pulled back by over 1% on Thursday as the recent bull run took a breather, following the South Korean central bank’s interest rate decision. It retreated to KRW 8,133, down slightly from this week’s high of KRW 8,480. South Korea’s central bank gives a hawkish pause The Kospi Index retreated, while the
Crude oil price rose slightly as concerns about the US-Iranian truce rose following the latest strikes against Iranian targets. Brent, the global benchmark, was trading at $93.85, while the West Texas Intermediate (WTI) rose to $90 a barrel. US hits Iranian targets again Brent and the West Texas Intermediate rose slightly after the US Central
The cryptocurrency market is under heavy pressure, with major digital assets trading sharply lower. Bitcoin (BTC) fell below the key $73,000 support level, while Ethereum dropped under $2,000 as selling intensified across the sector. Among the weaker-performing altcoins were Humanity Protocol, Render, Ondo, Virtuals Protocol, Worldcoin, and Celestia, all of which posted steeper declines than
XRP price crashed below a crucial support level today, May 28, as liquidations in the crypto industry. It also plunged amid the ongoing US-Iran tensions, and as investors rotated to the fast-growing space and artificial intelligence industries. Ripple dropped to $1.2723, its lowest level since February. XRP price crashes as ETF inflows stall Ripple’s price
The ASX 200 Index remained in a tight range while Australian bond yields fell after the latest consumer inflation report. It was trading at A$8,660, a few points below this week’s high of A$8,715. RBA likely to pause interest rate hikes The ASX 200 Index wavered after a report by the Australian Statistics Bureau (ABS)
Scottish Mortgage Trust share price is firing on all cylinders as some of its biggest bets start to pay off. SMT jumped to a record high this week, completing a major comeback that started in May 2023 when it bottomed at 604p. This surge may accelerate after forming a cup-and-handle pattern ahead of the SpaceX