June 25, 2024
US dollar dips from 8-week high vs yen
The U.S. dollar slipped from an eight-week high against the yen, with traders back on alert for government intervention to support the Japanese currency after it hit just shy of 160, a level that earlier triggered action from the Ministry of Finance to prop it up. The Dollar-Yen pair made a minor downwards correction in […]
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June 24, 2024
Will Reddit be a Profitable Stock?
Reddit, a popular social media platform where users anonymously participate in discussions across various topic-specific forums called subreddits, has recently gone public after over 18 years as a private company. This decision has become a significant event in the tech IPO landscape. The company’s shares surged by 48% on the first day of trading in […]
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June 24, 2024
Google’s stock rose 1.4%
Google’s stock rose 1.4% in the last session. The MACD is giving a negative signal.Google shares gained 1.4% in the last session.The MACD is giving a negative signal.Support: 173.9266 | Resistance: 178.4468
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June 24, 2024
S&P, Nasdaq end lower as Nvidia drags the tech sector
The S&P 500 and Nasdaq closed marginally lower to end last week, weighed down by a decline in Nvidia shares for a second straight day, which dragged down the technology sector. Technology the biggest loser among the 11 major S&P 500 sectors, down 0.84%, while communication services led the gain.
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June 20, 2024
Amazon invests 10 billion euros in Germany
Amazon will invest 10 billion euros in Germany as demand for its cloud services and retail goods in Europe’s biggest economy keeps growing, the US technology and retail company said. The last session saw Amazon’s stock fall 0.5%. The Stochastic-RSI is giving a negative signal.Support: 179.6467 | Resistance: 187.2067
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June 20, 2024
UK inflation drops to 2% target
British inflation returned to its 2% target for the first time in nearly three years in May, but strong underlying price pressures all but rule out a pre-election interest rate cut. While Prime Minister Rishi Sunak welcomed the fall in headline inflation in May, it has likely come too late to turn around his fortunes […]
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