Articles by: Arslan Ali

Gold Prices Soar to $2,716 Marking Best Weekly Gain in Nearly Two Years

Gold prices surged 5.97% last week, closing at $2,716.34, marking the strongest weekly performance since March 2023. The rally was driven by a surge in safe-haven demand, geopolitical tensions, and shifts in Federal Reserve rate expectations. The escalation of the Russia-Ukraine conflict was a key factor, with missile strikes and concerns of potential nuclear escalation […] Read more

EUR/USD Breaks Down: A Conviction Call for Further Declines

The EUR/USD currency pair has broken down from its two-year trading range, driven by softer-than-expected eurozone PMI numbers. This move is expected to continue, with a lower EUR/USD remaining a conviction call. The European Central Bank (ECB) is likely to cut interest rates again to support the eurozone economy, which will further widen the US-eurozone […] Read more

SBI Share Price Surges 4.52% to ₹816.05

The State Bank of India (SBI) share price has experienced a significant boost, rising 4.52% to ₹816.05 on November 22, 2024. This upward trend is in contrast to its peers, with HDFC Bank and Axis Bank experiencing declines, while ICICI Bank and Kotak Mahindra Bank are seeing gains. Technical Analysis From a technical standpoint, SBI […] Read more

FTSE 100 Sees Biggest Weekly Gain Since May Rising 2.5%

The FTSE 100 index surged 1.4% on Friday, capping off a stellar week with a 2.5% gain – its strongest weekly performance since May 7. Meanwhile, the British pound plummeted 0.6% to a six-month low of $1.25105, as disappointing economic data revealed a contraction in UK business output in November and a sharper-than-expected decline in […] Read more

Innovid Corp. (NYSE:CTV) Stock Price Rises 85%

In a significant move to shake up the ad tech landscape, Mediaocean has announced a deal to acquire converged TV advertising company Innovid for approximately $500 million ($3.15 per share). The acquisition, which is expected to close early next year, will see Innovid merge with Flashtalking, a company acquired by Mediaocean in 2021, to create […] Read more

Vistra Energy Stock Soars to All-Time High of $165.53

Vistra Corp. (NYSE:VST) has reached an all-time high, with its stock price surging 21% in the last 5 days to touch $165.53. This remarkable growth has propelled the company’s market capitalization to $56.69 billion, solidifying its position as a leading player in the energy sector. The company’s impressive performance can be attributed to its robust […] Read more