November 19, 2024
Gold surges on softer dollar, Russia-Ukraine tensions
Gold prices soared, after six days of losses, as the U.S. dollar’s surge stalled and heightened uncertainty over the Russia-Ukraine conflict rekindled safe-haven demand. Spot gold jumped, moving away from a two-month low hit last week. The Gold-Dollar pair exploded 1.4% in the last session. The Williams indicator is giving a positive signal.XAU/USD exploded 1.4% […]
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November 18, 2024
Oil settles down 2% on weaker Chinese demand
Oil prices settled down more than 2% to end last week as investors fretted about weaker Chinese demand and a potential slowing in the pace of U.S. Federal Reserve interest rate cuts. China’s oil refiners in October processed 4.6% less crude than a year earlier. The Oil-Dollar pair plummeted 2.3% in the last session. The […]
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November 18, 2024
Nvidia results in focus as stock market’s election boost stalls
Nvidia’s results in the coming week could guide the U.S. stock market on its next path, as investors turn their focus to the technology sector and AI trade after an election-fueled rally. A nearly 800% run in shares of Nvidia over the past two years has propelled the company to the world’s top spot by […]
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November 18, 2024
NFTs weekly sales surge 94% as crypto market continues bullish run
Non-fungible tokens saw a weekly sales volume of $181 million, fueled by significant gains in Bitcoin and other cryptocurrency markets. On Nov. 17, NFTs recorded a sales volume of $181 million over the last seven days. The data shows a 94% increase compared to the week before.
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November 15, 2024
Oil settles slightly higher, investors focus on steep draw in fuel stocks
Oil prices closed slightly higher in choppy trading, as a steep draw in U.S. fuel stocks outweighed oversupply concerns and demand worries stemming from a stronger dollar. The last session saw the Oil gain 0.6% against the Dollar. The MACD is giving a negative signal.Support: 66.312 | Resistance: 70.722
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November 15, 2024
Disney offers robust multi-year forecast, stoking stock
Walt Disney shares surged after the entertainment giant reported quarterly earnings that beat Wall Street’s estimates and offered robust guidance for the coming years. The company projected adjusted earnings-per-share percentage growth in the high single digits in fiscal 2025.
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