Yesterday, IBM Corporation opened above $254 but ended the session below $224, marking one of its steepest single-day drops in 25 years. Since early February, the stock has slumped about 27%, recording its worst monthly performance since 1968. What Triggered The Decline? The key catalyst was Anthropic announcing its new AI platform, Claude Code, which
The USD/CNY exchange rate continued its strong downward trend this week, reaching its lowest level since April 2023. It dropped to a low of 6.8955, down sharply from the all-time high of 7.3500 as the Chinese yuan gains steam. Chinese yuan gains steam after the Supreme Court tariff ruling The USD/CNY pair continued its strong
According to the XAU/USD chart, gold surged above $5,170 today, marking its strongest level since the start of February. Key factors supporting the bullish move include: → US tariff developments – following the Supreme Court’s Friday decision to strike down Trump’s tariffs, the president reinstated them, initially at 10% and later increasing to 15% over
The NZD/USD exchange rate continued its strong rally last week, reaching its highest level since June last year. It has now soared in the last five consecutive weeks as investors anticipated a potential divergence between the Federal Reserve and the Reserve Bank of New Zealand (RBNZ). RBNZ interest rate decision The NZD/USD exchange rate will
The South African rand remains in a bull market as the country’s economic recovery gains steam. The USD/ZAR pair dropped to 15.92 on Monday, down sharply from last year’s high of 19.93, and technicals point to more downside in the near term. South African rand rallies as the economic growth gains steam The South African
The Australian dollar pulled back slightly on Tuesday after the Reserve Bank of Australia (RBA) released minutes of its last monetary policy meeting and as traders waited for key macro data from the country. The AUD/USD pair was trading at 0.7060 on Tuesday, down a bit from the year-to-date high of 0.7145. Australia jobs report
The Japanese yen wavered on Wednesday as investors reacted to the ongoing bearish bets on the US dollar, soaring Japanese exports, and wait for the upcoming Japanese consumer inflation report. The USD/JPY exchange rate was trading at 153.55 on Wednesday, down by nearly 4% from its highest level this year. Japan exports jump, inflation report
The USD/INR exchange rate continued its recovery this year, moving from a low of 83.77 in May last year to the current 91. This recovery continued this week as Indian bond yields and business activity rose. Indian bond yields and business activity are rising The USD to INR exchange rate rose on Friday as India
Gold didn’t creep higher in early 2026. It lunged. In late January, futures pushed through $5,500 an ounce before sellers finally stepped in. Silver, true to form, overshot even more dramatically, tagging levels above $120 in what felt like a momentum chase more than orderly price discovery. Within days, both metals gave back a meaningful
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