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Futures Rise For Third Day As Tesla, Texas Instruments Surge Boosts Tech Stocks

Futures Rise For Third Day As Tesla, Texas Instruments Surge Boosts Tech Stocks

Equity futures rose for the third day in a row – last week’s brutal drubbing a distant memory –  with tech outperforming as Tesla soars premarket after Elon Musk vowed to launch less-expensive vehicles as soon as late this year while Texas Instruments jumped 7% after it forecast revenue above the average analyst estimate.  The tech rally has […]
BTC/USD Forex Signal: Bitcoin Has Upside Amid A Risk-On Sentiment

BTC/USD Forex Signal: Bitcoin Has Upside Amid A Risk-On Sentiment

Bullish view Buy the BTC/USD pair and set a take-profit at 68,630. Add a stop-loss at 64,630. Timeline: 1-2 days.  Bearish view Set a sell-stop at 66,000 and a take-profit at 64,000. Add a stop-loss at 68,630. Bitcoin price remained in a tight range on Wednesday morning even as the risk-on sentiment continued. The BTC/USD pair […]
Microchip Technology’s Aviation Push And AI Deal Propel Shares Higher

Microchip Technology’s Aviation Push And AI Deal Propel Shares Higher

Microchip Technology stock rallies on new electric aircraft power solution and AI acquisition.Microchip Technology Inc. (MCHP) is seeing its stock rally in pre-market trading Wednesday, up 3.49% at $89.20, following the announcement of a new integrated actuation power solution for electric aircraft and following the recent acquisition of Neuronix AI Labs. The company closed Tuesday at $86.19, up 3.18%. Microchip […]
USD/CAD Analysis: Sentiment Getting Tested As Known Values Reemerge

USD/CAD Analysis: Sentiment Getting Tested As Known Values Reemerge

The USD/CAD is trading again near values it traversed two weeks; this as behavioral sentiment now awaits major U.S data this Thursday and Friday. The USD/CAD is near the 1.36775 mark as of this writing, this after the currency pair has managed to sustain lower increments attained in early trading this morning. The USD/CAD is […]
AUD/USD Forecast: Rallies As Rate Cut Bets Ease After Hot CPI

AUD/USD Forecast: Rallies As Rate Cut Bets Ease After Hot CPI

The Australian dollar is rising, propelled by unexpectedly high inflation figures, painting a bullish picture for the AUD/USD forecast. After this report, investors have lowered their expectations for a Reserve Bank of Australia rate cut. On the other hand, the dollar was weak after PMI data revealed a slowdown in the economy. Investors abandoned hopes for […]
Strike launches in Europe to offer Bitcoin services

Strike launches in Europe to offer Bitcoin services

Strike, a Bitcoin-centric payments app, has announced its expansion into the European market, capitalizing on the cryptocurrency’s resurgence and aiming to provide a streamlined experience for users.Founder and CEO Jack Mallers views Europe as Strike’s second-biggest market after the United States. The company’s expansion comes amid Bitcoin’s recent price surge, which has seen the alpha […]
EUR/USD Forecast: Rangebound And Tight

EUR/USD Forecast: Rangebound And Tight

Essentially you have a market that doesn’t know which direction it wants to go, but at this point in time I think it’s somewhat obvious that we are going to consolidate in the short term. This does make sense considering that there are a lot of concerns out there and we did just fall rather significantly […]
Bank Rule Changes To Help Fund The Deficit

Bank Rule Changes To Help Fund The Deficit

The Wall Street Journal posted an article on bank rule changes entitled A Century-Old Lending Lifeline for Troubled Banks Has a Major Flaw. The Fed Wants to Fix It. The article discusses the Fed’s Discount Window and rule changes to bolster banks in times of need. This bank safety will also conveniently help the Treasury fund […]
Euro Gains Against The Dollar Amid Mixed Economic Signals

Euro Gains Against The Dollar Amid Mixed Economic Signals

The EUR/USD pair rose to 1.0707 on Wednesday, driven by increased local risk appetite and the belief that the currency was significantly oversold against the US dollar. This resurgence indicates a temporary rebalancing in the currency market.In the US, newly published statistics provide fodder for economic analysis. Sales of new homes in March showed a […]
AT&T Inc. Reports $30 Billion In Revenue And $0.55 EPS For Q1 2024

AT&T Inc. Reports $30 Billion In Revenue And $0.55 EPS For Q1 2024

AT&T has reported its first-quarter results for 2024, showcasing a robust performance powered by its 5G and fiber growth initiatives.AT&T Inc. (T) has reported its first-quarter results for 2024, showcasing a robust performance powered by its 5G and fiber growth initiatives. The telecommunications giant announced revenues of $30.0 billion and an adjusted EPS of $0.55, exceeding […]