The USD/CAD exchange rate remained in a tight range last week, as neither the United States nor Canada released any major economic data. It will be in the spotlight this week as the August deadline on tariffs approaches and the central banks deliver key rate decisions. Federal Reserve interest rate decision The USD/CAD exchange rate […]
Read More
The USD/JPY exchange rate has formed a giant inverse cup-and-handle pattern, along with a bearish flag, as traders await the upcoming Fed and BoJ interest rate decisions. It was trading at 147.65 on Friday, down sharply from its year-high of 161.93. Fed and BoJ decisions The USD/JPY pair will be one of those in the […]
Read More
The USD/ZAR exchange rate rose for four consecutive days, reaching its highest level since July 16. It has jumped by 2.35% from its lowest point this month. This article explores what to expect ahead of the Federal Reserve, key macro data, trade deadline, and South African interest rate decision. Federal Reserve decision ahead The first […]
Read More
By mid-August, both the S&P 500 and NASDAQ had hit a succession of fresh all-time highs as investors sloughed off concerns over the Trump administration’s tariffs. US tech continued to lead the pack with the top ten stocks in the S&P accounting for 40% of the index as measured by market capitalisation. Since the tariff […]
Read More
Stocks fell broadly on Thursday, with the S&P 500 logging its fifth straight decline as technology names continued to face selling pressure and Walmart shares retreated after its quarterly results. The Dow Jones Industrial Average dropped 216 points, or 0.5%. The S&P 500 slipped 0.4%, while the Nasdaq Composite also shed 0.4%. Walmart shares slid […]
Read More
US stocks gained on Friday ahead of Federal Reserve Chair Jerome Powell’s closely watched speech at the Jackson Hole policy symposium, with investors awaiting signals on the path of interest rates. The Dow Jones Industrial Average rose 297 points, or 0.7%, while the S&P 500 added 0.3%. The Nasdaq Composite was little changed, hovering near […]
Read More
The Trump administration is broadening its search for partners to build the Golden Dome missile defence system, reaching out to Amazon.com’s Project Kuiper and major defence contractors as tensions with Elon Musk cast doubt over SpaceX’s continued dominance in the program, as per a Reuters report. The pivot marks a strategic shift away from reliance […]
Read More
A fresh report has surfaced in the latest tender offer from Elon Musk’s SpaceX, suggesting that the billionaire entrepreneur may re-engage in US political advisory roles in the future, reported Bloomberg. According to documents reviewed by Bloomberg and sources familiar with the contents, SpaceX included new language indicating that Musk may again serve in political […]
Read More
For the first time in three years, Elon Musk’s SpaceX has moved a significant portion of its Bitcoin holdings, sparking speculation across the crypto community. The transaction has raised questions about the company’s intentions and the broader implications for the digital asset market. SpaceX sends $153M in Bitcoin to a new address According to a […]
Read More
London-based Nscale, backed by Nvidia, has struck a deal worth up to $14 billion with Microsoft to deploy roughly 200,000 Nvidia GB300 chips, marking one of the largest GPU infrastructure agreements in the global AI race. The partnership cements Nscale’s position as one of Europe’s fastest-growing data centre providers and strengthens its plans to go […]
Read More