Investing
SoftBank Stock Reports $1.87B Profit Boosted by AI
SoftBank Group should report a quarterly profit of around 287 billion yen ($1.87 billion), marking a significant rebound from its 931 billion yen loss during the same period last year. Favorable portfolio company listings and the strengthening yen against the dollar have largely driven this turnaround, boosting SoftBank’s stock price.…
Read More »EUR/USD & EUR/GBP: Key Support Levels Under Pressure
Overall Analysis EUR/USD: After breaking the upward channel, the pair continues to fall but is now facing support at the 1.06839 level. EUR/GBP: The pair failed to sustain higher levels. The price fell sharply and is currently near intraday resistance. EUR/USD Chart Analysis EUR/USD 15-Minute Chart (Source: TradingView) On the…
Read More »Oil and Natural Gas Analysis: High Volatility & Trends
Overall Analysis Oil turned highly volatile continuously on the 2nd trading session. Price action indicates an uptrend. Natural Gas fell sharply, going -4% in a single day. High volatility and a tight zone continue. Oil Chart Analysis Oil/USD 15-Minute Chart (Source: TradingView) On the 7th November 2024 trading session, oil…
Read More »Airbnb Stock Q3 Revenue Beats Forecasts, Shares Drop 4%
In Airbnb’s financial results for the third quarter, the company showed mixed performance as they slightly beat the expectations of the top line with a report of $3.73 billion. It is a little more than the predicted $3.72 billion, but nevertheless, they were over the profit forecasts with a profit…
Read More »S&P 500 Hits Record as Fed Cuts Rates
The S&P 500 proved to have a track record of setting records, this time by a 0.8% increase, made possible by the willingness to boost the stock prices and major indexes of the Federal Reserve. The Nasdaq surged 1.5%, while the Dow Jones Industrial Index barely moved from its Wednesday…
Read More »Bitcoin Hits $76,825; Ethereum Breaks Key Resistance
Overall Analysis Bitcoin, at a record high of $76,825, continues its rally upwards for a second consecutive day. The price is currently in a strong uptrend. Ethereum successfully closed above major resistance, rally seems to continue towards the upside. Bitcoin Chart Analysis BTC/USD 15-Minute Chart (Source: TradingView) On the November…
Read More »Nvidia Stock Rises with DJIA Inclusion & AI Driving Growth
Nvidia being included in the Dow Jones Industrial Average (DJIA) is a major success factor for the company and signifies its growing influence in the tech sector, as well as its recognition as a solid, blue-chip stock. This change, which will occur on November 8, 2024, will displace Intel and…
Read More »Gold & Silver Analysis: Key Levels & Trendline Insights
Overall Analysis Gold breaks the long-term supporting trendline and sustains below it. Previous buying swings are still intact. Silver fell sharply on 6th Nov trading session, currently moving sideways, trying to hold level. Gold Chart Analysis Gold/USD 15-Minute Chart (Source: TradingView) On the 6th Nov 2024 trading session, gold broke…
Read More »Trump Media Group Stock (DJT) Surges 25% as Trump Wins
Trump Media & Technology Group (DJT) stock rose by as much as 25% on Wednesday after Donald Trump’s victory over Kamala Harris in the US presidential election had been announced. Although the stock experienced significant fluctuations throughout the day, it eventually ended the day positive by approximately 6%, despite a…
Read More »Bitcoin Hits All-Time High, Ethereum Breaks Key Resistance
Overall Analysis Bitcoin reached a new all-time high for the second consecutive trading session, continuing to fuel upside momentum. Ethereum successfully broke through its strongest resistance. Will it continue to rally further? Bitcoin Chart Analysis BTC/USD 15-Minute Chart (Source: TradingView) On November 6, 2024, during the trading session, Bitcoin hit…
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