The USD/ZAR exchange rate remained under pressure, moving from a high of 19.93 in April last year to the current 16. The South African rand surge may accelerate in the coming weeks, helped by the strong macro data from the country. South African exports are soaring despite US tariffs Macro data released…
NatWest share price suffered a harsh reversal, moving from a high of 704p on February 4 to the current 633p. This retreat happened after the company announced its buyout of Evelyn Partners ahead of its upcoming earnings. It has also formed a few bearish chart patterns, pointing to more downside…
Indian state refiners Indian Oil Corp and Hindustan Petroleum Corp have purchased a combined 2 million barrels of Merey crude from Venezuela, with delivery scheduled for the second half of April, according to a Reuters report. A Very Large Crude Carrier (VLCC) will transport the crude oil, which is being sold…
The Nikkei 225 Index continued its strong surge on Monday, reaching a record high, as investors cheered the landslide win by Sanae Takaichi in the latest snap election. It soared to a high of ¥57,315, bringing its year-to-date gains to 12.6%, meaning that it has continued to beat US indices…
Stellantis stock price continued its downward trend, reaching its lowest level since September 2020. It has tumbled from a record high of $25 in 2024 to a low of $7.25. This retreat has brought its market cap from an all-time high of $91 billion to the current $20 billion. It…
BP share price continued its strong bull run last week as it reached its highest level since April 2024, continuing a recovery that started in April when it bottomed at 315p. It is slowly nearing the all-time high of 496p as the company prepares its financial results on Tuesday.Why BP…
Barclays share price pulled back last week as the Bank of England (BoE) delivered its interest rate decision and as traders waited for its upcoming earnings, which will provide more color about its business. BARC was trading at 480p, down from the year-to-date high 505p. Like other European banks, its…
The USD/ZAR exchange rate remained under pressure, moving from a high of 19.93 in April last year to the current 16. The South African rand surge may accelerate in the coming weeks, helped by the strong macro data from the country. South African exports are soaring despite US tariffs Macro data released…
NatWest share price suffered a harsh reversal, moving from a high of 704p on February 4 to the current 633p. This retreat happened after the company announced its buyout of Evelyn Partners ahead of its upcoming earnings. It has also formed a few bearish chart patterns, pointing to more downside…
The oversupply in the oil market at the beginning of the year is likely to have been sharply lower than previously expected. The International Energy Agency (IEA) has revised its outlook for the global oil market, specifically downgrading its prior expectations concerning the magnitude of the supply surplus. This adjustment was not…