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    Market Analysis

    29 July 2024
    Meme stock AMC drops on disappointing Q2 guidance and industry challenges

    AMC stock (AMC) fell 7.7% after issuing disappointing guidance for the second quarter of 2024. The company anticipates a net loss of $32.8 million, translating to a loss of 10 cents per share.

    29 July 2024
    Apple reaches historic union labour agreement with retail workers

    Apple (Symbol: AAPL) has entered into a historic preliminary labour agreement with its retail workers in Towson, Maryland. This is the first time that the tech giant has reached such a deal in the United States, marking a significant milestone …

    29 July 2024
    Week ahead: Volatility anticipated for US markets

    This week, expect some additional volatility in the US as a slew of important data releases hover in the horizon. Before we delve into that, we take a quick a look at some of the key observations this week. The …

    26 July 2024
    Nasdaq 100 hits 7-week lows during tech rout 

    The Nasdaq composite falls to its lowest level since early June, marking its worst two-day drop since September 2022. Read more to find out about the market implications and outlook.

    26 July 2024
    Canadian dollar dips in anticipation of key economic data releases 

    CAD weakens against USD as the markets await the May manufacturing and wholesale sales data of Canada. Read more for forecasts and the market implications.

    26 July 2024
    Yen poised for best weekly gain in three months as carry trades unravel

    The yen (USDJPY) dominated currency markets this month, climbing to a near three-month high of 151.945 per dollar on Thursday. This is a major shift from its 38-year low of 161.96 per dollar at the start of the month. By …

    26 July 2024
    US GDP growth boosts crude oil demand despite Asian challenges

    Brent crude futures for September increased by 7 cents, reaching $82.44 per barrel as of 0014 GMT. Similarly, US West Texas Intermediate (WTI) crude for September rose by 4 cents, hitting $78.32 per barrel.

    25 July 2024
    US dollar gains momentum as euro dips below its weekly peak 

    Key points:  The euro slipped further below its weekly peak, driven by technical trading.  The US dollar continues to gain strength, supported by strong economic data.  Upcoming US GDP and PCE data are expected to influence market movements.  The EURUSD …

    25 July 2024
    Tesla stock drops as Q2 profits halve 

    Tesla stock falls following Q2 earnings miss. CEO Elon Musk forecasts a $5 trillion valuation with robotaxis. Read more for market implication.

    25 July 2024
    Gold falls as investors wait for U.S. economic data

    Gold prices fell nearly 1% on Thursday as investors took profits ahead of key U.S. economic data. Spot gold dropped 0.9% to $2,377.29 per ounce by 0217 GMT, while U.S. gold futures declined 1.6% to $2,376.70.