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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August 21, 2024
Bitcoin demand sharply declined since April
Demand for Bitcoin has been in a downtrend since April, approaching negative levels over the past few weeks. According to data analytics firm CryptoQuant, the apparent demand for the digital asset has dropped from a 30-day growth of 496,000 Bitcoin in April to a current negative growth of 25,000 BTC. The Bitcoin-Dollar pair fell 0.6% […]
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