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The Dow Jones Industrial Average lets refiners price the war
The Dow Jones Industrial Average trades near 53,550, down close to 200 points and roughly 1,200 beneath the record printed on August 5, on the day the 60-day negotiating window that was meant to end the war over the Strait of Hormuz lapses with nothing agreed to replace it.
Fxstreet
Mon, Aug 17
Market Movers
argenx SE Stock (ARGX) Moved Up by 16.67% on Aug 17: Drivers Behind the Movement
• Argenx announced positive Phase 3 ALKIVIA study results for VYVGART Hytrulo in myositis. • The company reported $4.15 billion in annual revenue and $1.29 billion in net profit. • Analysts issued Buy ratings with an average price target of $1083.77.
TradingKey
Mon, Aug 17
Market Movers
Coherent Corp Stock (COHR) Moved Up by 9.78% on Aug 17: What Signal Does It Send?
• Coherent reported fourth-quarter revenue and adjusted earnings exceeding Wall Street estimates. • Management issued robust guidance, driven by surging datacenter and AI infrastructure demand. • Multiple investment research firms raised price targets amid favorable sector dynamics.
TradingKey
Mon, Aug 17
Market Movers
Lam Research Corp Stock (LRCX) Moved Up by 3.01% on Aug 17: Drivers Behind the Movement
• Lam Research announced a multi-billion-dollar R&D investment plan to expand global facilities. • Strong quarterly results and raised guidance reflect high demand for AI hardware. • The stock exhibits neutral technical indicators with an average analyst price target of $366.38.
TradingKey
Mon, Aug 17
Market Movers
Ciena Corp Stock (CIEN) Moved Up by 6.53% on Aug 17: A Full Analysis
• Ciena experienced high volatility driven by institutional demand for AI networking infrastructure. • Cloud providers scaling GPU clusters boosted data center interconnect ordering activity. • Analysts rate Ciena as Buy with an average price target of $588.59.
TradingKey
Mon, Aug 17
Cryptocurrencies
Nvidia to invest $1.5 billion in SB energy under OpenAI data center deal
Nvidia has announced plans to invest $1.5 billion into SB Energy, the SoftBank-backed developer building a data center campus in Pike County, Ohio. OpenAI has already committed to lease the data centre for 20 years to run its AI workloads. Nvidia becomes SB Energy shareholder The stake makes Nvidia a shareholder in SB Energy alongside...Cryptopolitan
Mon, Aug 17
Technical Analysis
Bitcoin vs Gold Forecast: BTC rebounds while XAU approaches key breakout
Bitcoin (BTC) is trading toward $64,000 at the time of writing on Monday, in line with mild gains in the broader cryptocurrency market. Meanwhile, Gold (XAU/USD) retains a bullish bias, edging toward a short-term breakout at $4,500.
Commodities
WTI Oil climbs above $82 as Washington-Tehran standoff reignites supply concerns
West Texas Intermediate (WTI) US Oil advances on Monday and trades around $82.10 at the time of writing, up 0.68% on the day. Oil prices remain supported by the deadlock between the United States (US) and Iran, which keeps concerns about Oil flows through the Strait of Hormuz elevated.
Forex
British Pound edges higher as traders await UK jobs CPI data
The Pound Sterling registers modest gains of 0.14% on Monday as investors digest softer-than-expected US inflation data and brace for the release of crucial UK jobs and inflation data. The GBP/USD trades at 1.3552 after bouncing off daily lows of 1.3524.
Fxstreet
Mon, Aug 17
Forex
Japanese Yen struggles despite rising bond yields and BoJ hike bets
USD/JPY rebounds on Monday after coming under selling pressure earlier in the day, as the Japanese Yen (JPY) struggles to gain traction despite a weaker US Dollar (USD). At the time of writing, the pair trades around 159.25, recovering from an intraday low of 158.85.
Fxstreet
Mon, Aug 17
Cryptocurrencies
Trump's World Liberty Financial partners with restricted Chinese company to offer AI
Crypto company backed by President Donald Trump, World Liberty Financial, is connected to WorldClaw, a Hong Kong platform that offers access to Chinese AI models that have been marked by the U.S. government as security risks, according to a report by Reuters on Monday. Flagged Chinese labs fill WorldClaw AI menu WorldClaw has a catalogue...Cryptopolitan
Mon, Aug 17
Forex
Australian Dollar climbs to two-month highs amid a soft US Dollar
AUD/USD extended its recovery on Monday, pushing to fresh 10-week highs and holding near the 0.7100 zone. At the time of writing, the pair is 0.40% up for the day, driven almost entirely by a broadly weak US Dollar (USD) rather than anything positive out of Australia.
Fxstreet
Mon, Aug 17
Market Movers
Cloudflare Inc Stock (NET) Moved Down by 3.53% on Aug 17: A Full Analysis
• Cloudflare pulled back due to profit-taking following a multi-week rally. • High valuation multiples and rising capital expenditures intensified execution risks. • Analysts maintain an average price target of $331.21.
TradingKey
Mon, Aug 17
Market Movers
Quanta Services Inc Stock (PWR) Moved Up by 3.29% on Aug 17: Facts Behind the Movement
• Quanta Services reported strong quarterly earnings and upgraded full-year financial estimates. • Strategic acquisitions and infrastructure spending waves expanded the company's backlog. • The stock showed intraday volatility with neutral technical indicators and bullish sentiment.
TradingKey
Mon, Aug 17
Market Movers
Seagate Technology Holdings PLC Stock (STX) Moved Up by 3.87% on Aug 17: Facts Behind the Movement
• Seagate's stock rose due to AI sector enthusiasm and cloud storage demand. • High-capacity hard drives support AI workloads, improving gross margins and cash flow. • Analysts maintain bullish ratings with strong pricing power and tight supply dynamics.
TradingKey
Mon, Aug 17
Market Movers
Southern Copper Corp Stock (SCCO) Moved Up by 3.29% on Aug 17: Facts Behind the Movement
• Southern Copper gained momentum from strong global copper demand and tight inventories. • Institutional inflows and robust operational performance reinforced investor confidence and capital returns. • Analysts maintain a neutral stance due to premium valuation multiples and execution risks.
TradingKey
Mon, Aug 17
Market Movers
Corning Inc Stock (GLW) Moved Up by 5.69% on Aug 17: Key Drivers Unveiled
• AI data center expansion drives high demand for Corning optical infrastructure. • Localized manufacturing insulates financial performance from trade tariffs and headwinds. • Quarterly earnings show strong revenue expansion, profit margins, and cash flow.
TradingKey
Mon, Aug 17
Technical Analysis
Dogecoin Price Forecast: DOGE eyes modest gains in August
Dogecoin (DOGE) retains a neutral-to-slightly bullish outlook at the time of writing on Monday. The largest meme coin hovers above $0.070, a critical support level that, if defended, could encourage bulls to increase exposure and raise the chances of a steady recovery.
Fxstreet
Mon, Aug 17
Featured Tools
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