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Economic Indicator
Indonesian Rupiah: Softer Dollar offers limited relief – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note that Indonesian Rupiah (IDR) should find some relief from a softer Dollar and lower long-end US yields, with BI keeping its policy rate at 5.75% and focusing on currency stability.Fxstreet
Thu, Aug 20
Market Movers
Kratos Defense and Security Solutions Inc Stock (KTOS) Moved Down by 7.43% on Aug 20: Drivers Behind the Movement
• Kratos shares faced profit-taking following a multi-week rally and elevated valuation metrics. • Regulatory filings revealed executive insider share sales executed under pre-arranged trading plans. • Technical indicators show a MACD buy signal alongside neutral RSI and Williams %R.
Market Movers
Strategy Inc Stock (MSTR) Moved Up by 7.14% on Aug 20: A Full Analysis
• Bitcoin's macro-driven breakout and expanded debt buybacks propelled MicroStrategy shares higher. • Institutional investors increased their equity positions during the second quarter. • Options market activity and heavy call buying accelerated the stock advance.
TradingKey
Thu, Aug 20
Market Movers
General Electric Co Stock (GE) Moved Down by 3.20% on Aug 20: What Signal Does It Send?
• GE Aerospace shares faced downward pressure from profit-taking after a sustained rally. • Supply chain bottlenecks and rising expenses continue to weigh on operating margins. • Technical indicators show neutral MACD and RSI levels, with oversold Williams %R.TradingKey
Thu, Aug 20
Market Movers
MAIR.NB Stock (MAIR) Moved Down by 7.02% on Aug 20: What Signal Does It Send?
• Madison Air agreed to acquire Germany-based ebm-papst in a multi-billion-dollar transaction. • Heavy debt financing raised investor concerns over balance sheet leverage and dilution. • Technical indicators show sell signals with an RSI reading of 28.551.
TradingKey
Thu, Aug 20
Commodities
Silver Price Forecast: XAG/USD tests 100-day SMA as rally extends
Silver price extended its gains on Thursday, up more than 1.70%, even as US yields recovered some ground and then resumed their rise following the US Treasury bond buyback announcement. The XAG/USD trades at $68.18 at the time of writing.
Fxstreet
Thu, Aug 20
Forex
Japanese Yen underperforms as elevated Oil prices weigh, US Dollar recovers
USD/JPY rebounds on Thursday, recovering most of the previous day’s losses as the US Dollar (USD) stages a modest recovery after falling to a three-month low. At the time of writing, USD/JPY trades around 159.05, up roughly 0.55% on the day.
Fxstreet
Thu, Aug 20
Cryptocurrencies
Australia passes new law to fine tech giants that don't pay for local news
Australia’s parliament has passed the “News Bargaining Incentive” on Thursday, a law focused on top tech platforms like Meta, Google, TikTok and Microsoft, handing them a choice between signing paid deals with Australian news publishers or giving up 2.5% of their local advertising revenue to the government. The levy is set to affect only firms...Cryptopolitan
Thu, Aug 20
Commodities
Gold pulls back as US yields recover after Treasury buyback
Gold (XAU/USD) price retreats about 0.33% on Thursday as US Treasury yields trim some of their Wednesday losses, weighing on bullion, which is also pressured by the recovery of the US Dollar. The XAU/USD pair trades at $4,509, after hitting a daily high of $4,540.
Fxstreet
Thu, Aug 20
Market Movers
Coinbase Global Inc Stock (COIN) Moved Up by 8.46% on Aug 20: What Investors Need To Know
• Coinbase surged due to White House crypto policy momentum and market rallies. • Abu Dhabi regulatory approval and perpetual futures expansion drove company growth. • Annual revenue reached $7.18 billion with a net profit of $1.26 billion.
TradingKey
Thu, Aug 20
Market Movers
Marvell Technology Inc Stock (MRVL) Moved Up by 3.31% on Aug 20: What Signal Does It Send?
• Marvell partnered with Alphabet to supply custom artificial intelligence chips and codevelop semiconductors. • Strong technical indicators and positive analyst ratings reinforced institutional investor confidence and buying interest. • The company reported an annual revenue of $8.19B and net profit of $2.67B.
TradingKey
Thu, Aug 20
Market Movers
Lumentum Holdings Inc Stock (LITE) Moved Up by 5.85% on Aug 20: A Full Analysis
• Lumentum shares rebounded as opportunistic dip-buying followed a sector-wide AI networking pullback. • Surging revenue and 800G product shipments drove strong fundamental sentiment for the company. • Technical indicators like the MACD and Williams %R currently suggest buy conditions.
TradingKey
Thu, Aug 20
Market Movers
Boeing Co Stock (BA) Moved Down by 3.02% on Aug 20: Drivers Behind the Movement
• Boeing faces cash flow challenges, valuation pressures, and high debt obligations. • Regulatory scrutiny and manufacturing inspections risk delivery bottlenecks and margins. • Technical indicators show neutral MACD, neutral RSI, and oversold Williams %R.
TradingKey
Thu, Aug 20
Market Movers
Intuitive Surgical Inc Stock (ISRG) Moved Down by 4.89% on Aug 20: What Signal Does It Send?
• Competitors received regulatory clearances, increasing market share concerns for Intuitive Surgical. • Management maintained conservative full-year guidance despite robust quarterly operational metrics. • Wall Street brokerages revised price targets downward due to hospital capital expenditure caution.
Cryptocurrencies
Peter Schiff calls Bitcoin's climb above $72K a fakeout as bulls dig in
Peter Schiff, a longtime Bitcoin critic, said on Thursday that BTC’s rise to above $72,000 is a false breakout built on a one-off Treasury move. Bullish analysts, on the other hand, regard the same week’s data as the start of a fresh cycle for Bitcoin. Will Bitcoin continue rising? Bitcoin traded around $71,447 on Thursday,...Cryptopolitan
Thu, Aug 20
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