April 17, 2025
Gold zooms past $3,300 as investors seek shelter from tariff war
Gold prices extended their record run to breach $3,300 per ounce, as a weaker dollar and escalating U.S.-China trade tensions pushed investors towards the safe-haven asset. U.S. gold futures gained 3.3%. The Gold-Dollar pair skyrocketed 2.5% in the last session. The Stochastic indicator is giving a positive signal.Support: 3189.4 | Resistance: 3460.9
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April 17, 2025
Wall Street extends drop as Powell says growth appears to be slowing
The three major U.S. stock indexes extended declines after Federal Reserve Chair Jerome Powell said that while the U.S. economy is still in a solid position, growth appears to be slowing. Chipmakers leading declines as Nvidia warned of steep charges from new U.S. curbs on its chip exports to China.
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April 17, 2025
Tesla registrations slump 15% in EV-loving California
Californians further soured on Tesla in the first quarter, pulling down the electric-vehicle maker’s registrations by 15% as backlash against Elon Musk’s company intensified in the state that has embraced EVs most across the United States. Tesla’s stock plummeted 5.1% in the last session. The CCI is giving a positive signal.Support: 214.93 | Resistance: 269.08
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April 16, 2025
IEA cuts 2025 world oil demand growth forecast on trade tensions
The International Energy Agency on Tuesday sharply cut its forecast for the growth in global oil demand this year due to escalating trade tensions, a day after a similar move by producer group OPEC. Agency also said it expects 2026 growth to slow further. The last session saw the Oil fall 0.3% against the Dollar. […]
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April 16, 2025
Dollar mixed but improves tone amid ongoing tariff uncertainty
The dollar stabilised, edging up from a three-year low against the euro as risk sentiment improved, but also held near a six-month trough against the yen as investors worried about the impact of U.S. President Donald Trump’s trade tariffs on the U.S. economy. The Euro-Dollar pair fell 0.4% in the last session. The ROC is […]
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April 16, 2025
Bitcoin held by publicly listed firms climbs 16% in Q1
The amount of Bitcoin held on the books of publicly traded companies rose by 16.1% in the first quarter of 2025, according to crypto fund issuer Bitwise. Total company Bitcoin holdings rose to around 688,000 BTC by the end of Q1, with firms adding over 95k BTC over the quarter. The last session saw the […]
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