Earnings from Tesla and Alphabet Drive Stock Market Volatility
On Wednesday, US stocks were trading negatively during the pre-opening session, mainly due to disappointing earnings from major tech companies. The Nasdaq is likely to struggle to rebound, with Alphabet and Tesla’s reports impacting market sentiment. Alphabet’s stock fell 1% after hours due to lower YouTube ad revenue, while Tesla’s stock dropped over 4% due […]
Expectations for Gold Prices Amid a Risk-Averse Environment Following Biden’s Withdrawal
Gold prices (XAU/USD) rose for a while at the start of the trading week on Monday to around $2410 before falling back to $2394. I can say that these early rises were due to political uncertainty in the United States following a report that President Joe Biden withdrew from the U.S. presidential race. President Joe […]
Yen Retreats After Hitting Six-Week High Amid Suspected BoJ Intervention
The Japanese yen slightly retreated against the dollar after reaching a six-week high. The currency was supported this month by suspected intervention by Japanese authorities. Officials, including top currency diplomat Masato Kanda, hinted at potential intervention to prevent excessive currency moves. Meanwhile, rising expectations that the Federal Reserve would cut interest rates in September, as […]
BITCOIN RISES MORE THAN 8% AMID POLITICAL SPECULATIONS AND REGULATORY OPTIMISM
The price of Bitcoin experienced a remarkable increase of more than 8% since the opening of the Asian market this week, reaching the zone of $65,000.00 dollars. This surge is primarily attributed to the expectation of more favorable regulations in the United States and speculation about Donald Trump’s potential victory in the 2024 presidential elections. […]
