July 4, 2024
AI deals lift US venture capital funding to two-year high
U.S. venture capital funding surged to $55.6 billion in the second quarter, marking the highest quarterly total in two years. The latest figure shows a 47% jump from the $37.8 billion U.S. startups raised in the first quarter, largely driven by significant investments in AI companies, including $6 billion raised by Elon Musk’s xAI. Shares […]
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July 4, 2024
Oil prices rose after deep weekly draw in US crude inventories
Oil prices gained about 1% after a larger-than-expected decline in U.S. crude stocks, but gains were capped by concerns about rising global inventories in thin trading ahead of the U.S. Independence Day holiday. The Oil-Dollar pair gained 0.7% in the last session after rising as much as 1.1% during the session. The MACD is giving […]
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July 4, 2024
Yen drops to 38-year low
The yen sank to a 38-year low against the U.S. dollar and a record trough versus the euro, as the Japanese unit continued its downward spiral, with market participants on high alert for Japanese intervention to boost the currency. The Dollar-Yen pair traded sideways in the last session. The ROC’s is giving a negative signal.USD/JPY […]
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July 3, 2024
Over 50% of US hedge funds have exposure to Bitcoin
Over half of the top American hedge funds have disclosed exposure to newly launched spot Bitcoin ETFs, as BTC/USD has significantly outperformed major stocks and indexes. 13 out of the top 25 United States hedge funds had owned Bitcoin ETFs by the end of Q1 2024. The Bitcoin-Dollar pair plummeted 1.4% in the last session. […]
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July 3, 2024
Amazon’s stock rose 1.3%
Amazon shares gained 1.3% in the last session. The MACD is giving a positive signal.Amazon’s stock rose 1.3% in the last session.The MACD is giving a positive signal.Support: 190.6767 | Resistance: 201.5167
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July 3, 2024
GBP/USD gained 0.3%
The Aussie got a slight bump of 0.1% against the Dollar in the last session. The Stochastic-RSI indicates an overbought market.The Aussie-Dollar pair gained a moderate 0.1% in the last session.The Stochastic-RSI points to an overbought market.Support: 0.6618 | Resistance: 0.6709
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