October 16, 2024
Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens
Oil prices tumbled more than 4% to a near two-week low due to a weaker demand outlook and after a media report said Israel would not strike Iranian nuclear and oil sites, easing fears of a supply disruption. The Oil-Dollar pair dove 1.0% in the last session. The MACD is giving a negative signal.Support: 67.122 […]
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October 16, 2024
Grayscale puts DOGE, Worldcoin on list of 35 potential crypto products
Crypto asset manager Grayscale has added 35 crypto altcoins, including Dogecoin, Worldcoin, Pyth and Rune, to a list of assets that are “under consideration” for future investment products.
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October 15, 2024
Nvidia rallies, poised to dethrone Apple as most valuable company
Shares of Nvidia neared record highs, putting the heavyweight AI chipmaker on the brink of dethroning Apple as the world’s most valuable company. With investors betting on strong demand for its next-generation Blackwell AI processors, the company’s stock climbed 2.8%. The last session saw Nvidia shares gain 1.2%. According to the RSI, we are in […]
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October 15, 2024
The Bitcoin-Dollar pair skyrocketed 4.7%
According to latest report, ‘Political shift’ drives $407M inflows to crypto products. Cryptocurrency investment products posted another successful week as Bitcoin led weekly inflows with $419 million. Digital asset investment products saw inflows of $407 million during the week to October 11th, CoinShares reported in its latest Weekly Report. The Bitcoin-Dollar pair skyrocketed 4.7% in […]
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October 15, 2024
The Gold-Dollar pair gained a moderate 0.1%
Gold prices eased as broad economic stimulus measures in China, the biggest bullion consumer, failed to invoke investor confidence and a U.S. dollar rally to two-month highs capped upside momentum. The Gold-Dollar pair made a minor upwards correction in the last session, gaining 0.1%. The Stochastic-RSI is giving a positive signal.Support: 2618.5 | Resistance: 2688.7
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October 14, 2024
S&P 500, Dow hit records, boosted by bank earnings surprise
The S&P 500 and the Dow scored record closing highs on Friday, with the big boosts from financial stocks after banks reported strong quarterly results while the latest inflation data fueled expectations for a U.S. Federal Reserve rate cut in November.
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