Category Archive: Finance, No picture
Broadcom’s AI Revenue Soars 220% To $12.2B Amid Growing Demand
Image Source: Unsplash Broadcom (Nasdaq: AVGO) reported a remarkable surge in artificial intelligence revenue, marking a 220% increase over the past year as it published its fourth-quarter earnings results. This substantial growth has propelled the company’s AI revenue to $12.2 billion, highlighting its successful adaptation to the rising demand within the sector.The expanding infrastructure needs of generative AI […]
Japan’s Tankan Was Uninspiring And UK Disappoints With Contracting Economy In October
Image Source: Unsplash Overview: The US dollar is mixed against the G10 and emerging market currencies to finish out the week. Among the G10, sterling and the yen are the heaviest. Japan’s Tankan survey was unimpressive and does nothing to reanimate speculation of a BOJ rate hike next week. Sterling has been dragged down by unexpected news […]
Daily Market Outlook – Friday, Dec. 13
Image Source: Unsplash Asian markets declined on Friday as some traders expressed frustration over the limited information from a Chinese economic conference, leading to a reduced risk appetite ahead of next week’s Federal Reserve meeting. The S&P 500 dropped by 0.5% as traders weighed higher-than-expected unemployment claims against stronger PPI data. Breaking a four-session winning streak, […]
NZD/USD Slides To Two-Year Low, Closer To Mid-0.5700s Amid Divergent RBNZ-Fed Expectations
Image Source: Unsplash NZD/USD drifts lower for the fourth straight day and is pressured by a combination of factors. The RBNZ’s dovish tilt continues to weigh on the NZD on the back of US-China trade war fears. Bets that the Fed will pause its rate-cutting cycle underpin the USD and also weigh on the pair. […]
Canada Sets Goal To Reduce Greenhouse Gas Emissions By 45% – 50% By 2035
Stock photo by Vecteezy The Government of Canada announced a new climate goal, setting a target to reduce greenhouse gas (GHG) emissions by 45% to 50% by 2035, on a 2005 basis.While the government described the new goal as “the next step” in achieving its net zero by 2050, the target would represent only a minor […]
Ledger faces scrutiny after user claims $2.5M in Bitcoin, NFTs stolen
Key Takeaways A user reported losing $2.5 million in Bitcoin and NFTs due to a security breach on a Ledger Nano S. The incident has raised questions about Ledger’s security practices, prompting community scrutiny. Share this article Ledger’s security practices are under scrutiny after a crypto user reported losing approximately $2.5 million in digital assets […]
Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Friday, Dec 13
Image Source: UnsplashElliott Wave Analysis TradingLounge Daily ChartBitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave ((3))Direction Next higher Degrees: wave VWave Cancel invalid level:Details: The five-wave rise of wave V is likely equivalent to wave (I).Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: Wave (3) appears to have ended and the price is now entering a correction phase […]
Australian Dollar Remains Subdued As US Dollar Gains Ground Due To Trump Tariff Threats
Image Source: Unsplash The Australian Dollar faces challenges as Trump’s tariff threats have created a headwind for the risk-sensitive currencies. The AUD declined as Chinese policymakers considered letting Yuan fall in response to an expected sharp hike in US tariffs. The US Dollar gained ground following a hotter-than-expected US PPI report released on Thursday. The Australian […]
The Breakout Pullback Could Make Our Entire Week
Image Source: Unsplash One day left, let’s make it count! Markets rolled over this afternoon, giving sellers a great opportunity for some bull traps and breakout pullbacks tomorrow!The 60-minute chart is giving us a big clue right now…Big moves in both directions… this means a big range is forming, and we have plenty of ways to […]
Markets Take A Breather On Econ Data; COST, AVGO, RH Report Late
Image Source: UnsplashStock market indexes had a down day from the start: higher producer prices from November’s PPI report and a notable increase in Weekly Jobless Claims ahead of the open today set the scene. We’re still near all-time highs on the major indexes, so taking a breather with less-than-stellar economic prints seems perfectly reasonable.Attention will now turn to next […]
