The Canadian dollar rose against the greenback for three straight days even as the currency faces the perfect storm. The USD/CAD pulled back to 1.4350, down from the year-to-date high of 1.4466. Perfect storm for the loonie The USD/CAD pair has soared by almost 20% from its lowest level in…
The USD/BRL exchange rate slipped for three consecutive days, erasing some of the recent gains as the Brazilian real imploded. On Monday morning, it dropped to 6.07, following a $17 billion intervention by the country’s central bank. It has slipped by over 3.67% from its highest level this year, forming…
The Hang Seng index has had a relatively good year as it jumped by almost 20%, its best performance in a long time. It has continued to underperform its American peers, such as the Dow Jones and the Nasdaq 100 indices, which have soared by over 25%. The index has…
Cruise stocks had a strong performance in 2024 as demand continued soaring in key markets. Carnival stock has risen in the last four consecutive months, and is hovering at its highest level since June 2021. Its US stock was trading at $26.80, while its London shares were trading at 1,900p.…
Spotify stock price has had a great year as it jumped by over 140% in 2024, bringing its market cap to over $92 billion. SPOT, a leading streaming company, has soared by 563% from its lowest point in 2023. So, does the stock have more upside as some top insiders…
Rolls-Royce share price has spectacularly performed this year, making it the best-performing company in the blue-chip FTSE 100 index. It has risen by about 95% this year, helped by the strong demand of its products and services. This growth has brought its market cap to over $61 billion. Rolls Royce…
Nio stock price has had a rough year as its business faces substantial challenges, including elevated competition and losses. It was trading at $4.55 on Monday, meaning that it has dropped by about 50% this year and by over 93% from its highest level in 2020. So, will the new…
Southeast Asia, a region of over 675 million people, is emerging as a focal point for global investment in cloud services and data centres, with tech giants like Nvidia and Microsoft planning to invest up to $60 billion in the coming years. However, the region’s own AI startups are struggling…
Hubspot stock price has done well this year and is loitering near its highest level since December 2021. HUBS was trading at $720, and was slowly forming a bullish flag chart pattern, pointing to more gains in the coming months. This rally has brought its market cap to over $37…
Asana stock price has suffered a harsh reversal in the past few days as investors fade the December 5 earnings surge. ASAN shares retreated to $21.65, down by over 22% from the highest point this month. Is this SaaS stock a good one to invest in? Asana’s is a leader…