Latest Market News

Kape Higher on Monday Shares in Kape Technologies are trading sharply today as the stock gapped higher at the London open on news of a takeover bid. Majority shareholder Unikmind Holdings has reportedly offered $1.51 billion to purchase all remaining shares in the company ($3.44 per share). Unikmind, owned by Teddy Sagi, is unable to […]

Airbnb Reporting Today Along with January US CPI we also have two big US earnings reports due today with Coca Cola and Airbnb reporting Q4 results. Looking at the latter, shareholders are hoping for a seventh consecutive positive set of earnings results. Given that the market is looking for both EPS and revenues to have […]

GBP Weakening  GBP looks to be under pressure at the start of the week following on from the selling we saw last week. Despite the NIESR reporting that it no longer expects the UK to suffer a recession this year, the economy (seen flat in Q4) is still reeling from the ongoing political uncertainty and […]

The US dollar in the pair with the Japanese yen found a foothold. The current quote is 132.00. The wave of growth that started in the USD some time ago made the yen go down. Moreover, the market argument that the US Federal Reserve System would go on lifting the interest rate also pressed down […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes have broken through the 200-day Moving Average and are now above it, which reveals possible development of an uptrend. The RSI has bounced off the support line. An upward breakaway of 7/8 (0.7019) should be expected, followed by growth of the resistance level of 8/8 […]

US Inflation in Focus Today Today’s US inflation reading couldn’t have more meaning attached to it. We’ve seen a seismic shift in market sentiment on the back of the surprisingly strong US labour reports for January. With the NFP coming in almost 300% above forecasts alongside the unemployment rate dropping to its lowest levels since […]