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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December 30, 2024
Oil settles up over 1% on large draw from US crude stocks
Oil prices settled more than 1% higher on Friday and recorded a weekly gain in low trading volume ahead of year-end, buoyed by a larger-than-expected drawdown from U.S. crude inventories last week. The Oil gained 0.7% against the Dollar in the last session. The Stochastic-RSI is giving a positive signal.Support: 68.096 | Resistance: 71.966
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December 30, 2024
UnitedHealth, Amedisys extend deadline to close $3.3 billion deal
UnitedHealth and Amedisys have agreed to extend the deadline to close their $3.3 billion merger agreement to next year, as the deal faces close scrutiny from the U.S. Department of Justice. The extension comes more than a month after the DOJ and three U.S. states filed a lawsuit to block the deal.
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