Articles by: Brian McColl

Novo Nordisk Stock Plummets Almost 40% Since June Peak

Key moments Novo Nordisk stock drops approximately 40% from its June 2024 peak. The US FDA confirms sufficient production of Ozempic and Wegovy, ending shortage concerns. Competition from Eli Lilly’s tirzepatide intensifies, impacting Novo Nordisk’s market share. Market Adjusts After Period of Explosive Growth, Competition Intensifies Novo Nordisk, a pharmaceutical company known for its GLP-1 […] Read more

Target’s Share Price Drops 3% to $117.14 After Q4 Report

Key moments Despite Target’s Q4 financial results exceeding analyst predictions in both earnings per share and revenue, the company’s stock value experienced a 3% drop, closing at $117.14. The market’s negative reaction was primarily driven by apprehensions over potential price increases stemming from tariffs levied on imports from Mexico and Canada, as well as general […] Read more

EUR/USD Surges to Four-Month High at $1.06 Amid U.S. Tariff Implementation

Key moments Euro gains momentum following Trump’s congressional address and tariff implementations. Dollar weakens to a four-month low against the euro as trade war fears escalate. Market anticipates potential European countermeasures as U.S. tariff threats loom. The Euro Emerges as Significant Beneficiary as President Trump’s Tariff Policies Take Effect Against Key U.S. Trade Partners The […] Read more

Gold Drops to $2,916.09 as Yield Surge and Tariff Uncertainty Pressure Prices

Key moments Gold price (XAU/USD) halts its two-day winning streak on Wednesday as rising US Treasury yields pressured non-yielding assets. The precious metal may find support from safe-haven demand amid the implementation of US tariffs. Gold also drew buyers as the US halted military aid to Ukraine. Gold Price Declines Amid Rising Treasury Yields, Trade […] Read more

Stock Futures Climb as Commerce Secretary Lutnick Signals Tariff Compromise

Key moments U.S. stock futures rebounded early Wednesday after a second consecutive day of losses. Commerce Secretary Lutnick hinted at a possible compromise on tariffs with Canada and Mexico. Ongoing trade tensions and forthcoming economic reports continue to create market uncertainty. Detailed Insights into Market Recovery, Evolving Tariff Negotiations, and Upcoming Economic Data that Are […] Read more

U.S. Dollar Index Slides 0.54% to 105.96, Its Lowest Value Since December

Key moments The U.S. dollar index fell 0.54% to 105.96, reaching its lowest point for the past three months. The Japanese yen and Swiss franc both experienced gains of nearly 1%, as investors sought safe-haven currencies. The euro climbed to $1.0547, its highest level since December, marking a 0.5% increase. US Dollar Index React Negatively […] Read more

Illumina Shares Fall 4.4% on China Import Ban Amid Tariff Tensions

Key moments China has banned imports of genetic sequencers from Illumina, a U.S. medical equipment maker, in response to increased U.S. tariffs. Illumina’s business in Greater China has already been under pressure from stiff competition, with sales declining nearly 20% last year. The ban is part of a series of retaliatory measures by China against […] Read more

Ripple Whales Scoop Up 1 Billion XRP, Price Action Diverges

Key moments Significant Whale Accumulation Amid Initial Price Surge Subsequent Price Decline Despite Large-Scale Purchases Market Uncertainty Fueled by External Economic Factors and Regulatory Delays XRP Market Sees Conflicting Signals: Whale Activity Contrasts with Price Correction Recent market activity surrounding Ripple’s XRP has presented a notable divergence between large-scale accumulation and price movement. Data indicates […] Read more

Okta Exceeds Q4 Forecasts, Shares Surge 15% in Pre-Market Trading

Key moments Okta’s shares experienced a substantial 15.25% pre-market increase, reaching $100.45, driven by the company’s Q4 fiscal 2025 results. Okta reported adjusted EPS and revenue that exceeded consensus estimates, and provided optimistic guidance for Q1 and the full fiscal year 2026. Following the impressive earnings report, multiple analysts upgraded Okta’s stock to “buy”. Pre-Market […] Read more

EURUSD Surges, Eyes Key 1.0530 Resistance Amid Shifting Fed Expectations

Key moments EURUSD Climbs Above 50-Day EMA, Approaches 1.0530 Resistance Fed Rate Expectation Shift Fuels Dollar Weakness, Boosting Euro U.S. Tariffs Pose Significant Downside Risk to Euro Rally EURUSD Sees Notable Gains, Testing Critical Resistance Amid Evolving Monetary Policy Outlook The EURUSD currency pair commenced March with a pronounced upward trajectory, registering a 1% increase […] Read more