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Economy

Economy

USD/ZAR forecast: falling wedge points to a South African rand pullback

The USD/ZAR exchange rate rose by a few pips today, July 9, as crude oil prices rose following the new strikes in…
Economy

Lloyds share price is up 47% in 12 months: why it may soar to 141p

Lloyds share price has pulled back over the past few days, falling from its year-to-date high of 116p to the current 112.10p….
Economy

Broadcom stock is in a local bear market: will it retest its record high?

Broadcom stock price rose by 5% on Wednesday after extending its relationship with Apple. AVGO rose to $395, a 10% increase from…
Economy

Is the 3.2% yielding SCHD ETF a buy as one-year Treasury yields hit 4.06%?

The Schwab US Dividend Equity ETF (SCHD) has moved sideways in the past few days. It has remained inside the key support…
Economy

Hang Seng Index rallies as Alibaba, Tencent, Lenovo shares surge

The Hang Seng Index staged a strong comeback today, reaching its highest level since June 18, as investors rotated towards Chinese technology…
Economy

Nvidia stock hits key support, forms bullish pattern as key valuation metric dips

Nvidia stock remains under pressure this week as the recent sell-off continues. It dropped to $189, down by 18% from its highest…
Economy

Nio stock crashes on weak outlook despite EV delivery surge: now what?

Nio stock price dropped below a crucial support level as demand for Chinese electric vehicle shares fell. It dropped to a multi-month…
Economy

Celestica stock is up 125% in 12 months: more upside ahead?

Celestica stock has done well in the past few years, helped by the ongoing artificial intelligence (AI) boom. Its US stock has…
Economy

Plug Power stock sinks even as turnaround story builds, short interest hits 27.4%

Plug Power stock extended its sharp sell-off this week, falling to its lowest level since April 2. The shares have plunged 45%…
Economy

Top reasons why Rolls-Royce share price is set to soar past 1,500p

Rolls-Royce share price has moved in a tight range in the past few months and is hovering around its all-time high. It…
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