January 6, 2025
Wall Street ends sharply higher with assist from tech
U.S. stocks rebounded as investors neared the end of a holiday-shortened week that also rang in a new year, which brought with it expectations of additional Federal Reserve rate cuts and looser regulatory policies from the incoming administration.
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January 6, 2025
Foxconn posts record fourth-quarter revenue on AI demand
Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter on continued strong demand for artificial intelligence servers. Revenue for Apple’s biggest iPhone assembler jumped 15.2% to $64.72 billion.
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January 3, 2025
Tesla shares tumble
Wall Street see-sawed amid choppy trading, reversing earlier gains as investors embarked on the new year facing the cross-currents of solid labor market data, a rising dollar and tumbling Tesla shares. Shares of Tesla plummeted 3.3% in the last session. According to the CCI, we are in an oversold market.Support: 351.38 | Resistance: 409.65
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January 3, 2025
Gold climbs to over two-week high on safe-haven demand
Gold hit a more than two-week high, fuelled by safe-haven buying, while the market took out positions ahead of the Federal Reserve’s rate outlook and President-elect Donald Trump’s looming trade tariffs. Spot gold rose 1.3%. The Gold-Dollar pair skyrocketed 1.1% in the last session. The MACD is giving a positive signal.XAU/USD skyrocketed 1.1% in the […]
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January 3, 2025
Oil prices up 2% on China optimism
Oil prices rose about 2% as investors returned for the first trading day of the new year with an optimistic eye on China’s economy and fuel demand after a pledge by President Xi Jinping to promote growth. The Oil-Dollar pair skyrocketed in the last session. According to the CCI, we are in an overbought market.Support: […]
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December 30, 2024
Ethereum prepped for 2025 rally as monthly Ether ETFs inflows double
Ether exchange-traded funds hit a new monthly record in December despite the holiday illiquidity, bolstering analyst expectations of an incoming rally. The United States spot Ether ETFs reached a new monthly record, surpassing $2.1 billion worth of cumulative net inflows during December.
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