August 26, 2024
Sterling highest in 2 years
The dollar fell and sterling rose to its highest in more than two years on Friday after Federal Reserve Chair Jerome Powell gave an unambiguous signal that the long-anticipated U.S. interest rate cut would come next month. The Pound-Dollar pair traded sideways in the last session. According to the Stochastic-RSI, we are in an overbought […]
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August 26, 2024
Nvidia to announce earnings
The rally in U.S. stocks faces an important test next week with earnings from chipmaking giant Nvidia, whose blistering run has powered markets throughout 2024. The S&P 500 has pared a sharp drop it suffered after U.S. economic worries contributed to a sell-off at the beginning of the month.
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August 22, 2024
Oracle’s stock gained 1.0%
The last session saw Oracle shares gain 1.0%. The MACD is giving a positive signal.Support: 138.0633 | Resistance: 140.8967
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August 22, 2024
S&P, Nasdaq tick up as downward payrolls revisions boost rate-cut hopes
The S&P 500 and the Nasdaq edged up as a sharp downward revision in U.S. jobs data for the year ended March 2024 indicated a slowdown in the labor market, propping up hopes the Federal Reserve would cut interest rates next month.
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August 22, 2024
BlackRock’s iShares Ethereum Trust approaches $1B in net inflows
BlackRock’s Ether exchange-traded fund has reached approximately $1 billion in net inflows, underscoring its lead among rival ETFs. The iShares Ethereum Trust has pulled in $992 million in net inflows, putting the fund on track to surpass the $1-billion mark imminently.
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August 21, 2024
Gold extends record rally on dollar weakness, rate-cut bets
Gold prices extended their record run, holding firm above the key $2,500 level, driven by a weaker dollar and growing investor confidence that the Federal Reserve will likely cut interest rates in September. The Gold-Dollar pair rose 0.4% in the last session. The Stochastic indicator is giving a positive signal.XAU/USD gained 0.4% in the last […]
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