Ukraine crisis: Rouble in rubble, commodities soar!
Ukraine crisis: Rouble in rubble, commodities soar! Commodities including oil and gold continue to surge amid escalating sanctions against Russia for its ongoing invasion of Ukraine. Global markets enter the second week of volatility following Russia’s invasion of Ukraine. US stocks rallied on February 25 but futures were dropping by February 28. The Russian […]
Yum! Dogecoin-inspired burger joint opens in Dubai and yes, they accept crypto
Yum! Dogecoin-inspired burger joint opens in Dubai and yes, they accept crypto Dogecoin, the meme that became a popular cryptocurrency, now has a new claim to fame – a restaurant has opened in Dubai based on the meme-coin. Doge Burger was launched in Dubai in February 2022, allowing customers to pay for meals using crypto […]
Ukraine crisis: Oil hits $100, markets tumble
Ukraine crisis: Oil hits $100, markets tumble Oil prices rose above $100 a barrel on February 24, the highest level in more than seven years, as fears of a possible Russian invasion of Ukraine continues to rock the financial markets. Gold prices and the Japanese yen, traditional “safe havens” during global unrest, also climbed. Oil […]
Oil surges, stocks tumble as Ukraine crisis escalates
Oil surges, stocks tumble as Ukraine crisis escalates Oil jumped to a seven-year high as Europe stands on the brink of war after Russian President Vladimir Putin mobilized troops into eastern Ukraine. Brent crude rose 6% to $99.35, its highest since September 2014 and WTI is trading at $95.67. Globally, markets took a dip; the […]
Crypto king Bitcoin crashes as Ukraine tensions flare
Crypto king Bitcoin crashes as Ukraine tensions flare Bitcoin, the world’s biggest cryptocurrency, dropped to a two-week low, tumbling along with the greater market crash as escalating tensions between Russia and Ukraine caused panic selling. Bitcoin, dropped as low as $36 831 on February 22 after Russian President Vladimir Putin mobilized troops into eastern […]
Market winners: Alcoa, Gold, Wheat!
Market winners: Alcoa, Gold, Wheat! From a spike in the gold price to the global wheat supply in turmoil, it’s been an interesting week for commodity traders in February so far. The gold price has seen volatility as tensions continue to escalate and deescalate between Russia and Ukraine. Similarly, the price of wheat is at […]
Moderna loses $140 billion – can the pharma giant bounce back?
Moderna loses $140 billion – can the pharma giant bounce back? Shares of Moderna crashed on February 14 following a downward trend affecting all Covid-19 vaccine-makers. Moderna led a turbulent medical/pharmaceutical market decline, with its stock hitting its lowest level in nearly a year. The reason for this is simple? Vaccine sales are dwindling as […]
NVIDIA earns billions on demand for computer chips
NVIDIA earns billions on demand for computer chips Nvidia, the world’s leader in computer graphics cards, reported strong fourth-quarter earnings and sales On February 17. Despite beating analyst expectations however its stock fell about 2% in extended trading. Its revenue was $7.64 billion (versus $7.42 billion expected), up 53% year-over-year. Its Earnings Per […]
Record high for Aluminium, shortages send prices soaring
Record high for Aluminium, shortages send prices soaring From cans of your favourite soft drink to vehicles and more, aluminium is the jack-of-all-trades of the metal industry. It is hard to get excited about the aluminium market; the commodity isn’t as rare as platinum and doesn’t have the same popularity in the market as […]
Market winners: Alcoa, Shiba Inu, coffee, and more!
Market winners: Alcoa, Shiba Inu, coffee, and more! Gold traders push, Netflix becomes a good buy and Shibu Inu gets a boost… there have been many trading opportunities for all our traders in the second week of February. Despite tensions of an imminent Russian invasion of Ukraine rocking the markets, there are still plenty of […]