Category Archive: Cryptocurrency, No picture
Apple partners with Broadcom to develop “Baltra,” its first in-house AI server chip
Key Takeaways Apple is collaborating with Broadcom to develop its first in-house AI chip, expected to enter mass production by 2026. The chip, named Baltra, will focus on processing new data and transferring it to large language models. Share this article Apple is collaborating with Broadcom to develop its first in-house AI server chip, internally […]
Macy’s Lags Q3 Earnings Estimates
Image Source: Unsplash Macy’s (M – Free Report) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -42.86%. A quarter ago, it was expected […]
EUR/GBP Trades With Caution Near Two-year Low Around 0.8250 Ahead Of ECB Policy Meet
The EUR/GBP pair trades cautiously near a two-year low around 0.8250 in the North American session on Wednesday. The cross remains vulnerable ahead of the European Central Bank (ECB) monetary policy meeting on December 18.The ECB is almost certain to cut its Deposit Facility rate by 25 basis points (bps) to 3% as officials are worried about […]
Australian Dollar Hits Four-Week Low Amid RBA Stance And US Dollar Strength
Image Source: Unsplash The AUD/USD pair continues its downward trajectory, reaching a four-week low of 0.6386 on Wednesday. This decline is primarily influenced by the Reserve Bank of Australia’s (RBA) decision to maintain interest rates at 4.35% per annum for the ninth consecutive meeting. This decision, which was widely expected, reflects the central bank’s cautious approach […]
US November CPI matches expectations, Fed rate cut likely ahead
Key Takeaways US consumer prices rose 2.7% annually in November, keeping inflation above the Federal Reserve’s 2% target. Traders are anticipating a quarter-point reduction in the federal funds rate at the upcoming Federal Reserve meeting. Share this article Fresh November CPI data out Wednesday showed consumer prices increased as expected, keeping the Federal Reserve on […]
USD/CHF Eases From 0.8850 Highs Heading On The US Inflation Release
The US Dollar is trading higher for the fourth consecutive day although bulls have been halted at 0.8850 with investors awaiting the reading of November’s US CPI figures. The pair accelerated its rebound from last week’s lows at 0.8735 on Tuesday. The Dollar has been appreciating across the board this week, with investors anticipating a strong US […]
Ethereum Accumulation Addresses Hit $78B: What’s Next For ETH’s Price?
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, seems to be drawing attention as analysts observe market metrics that indicates the possible next move for ETH.Recent data from CryptoQuant has highlighted patterns in accumulation and exchange-traded fund (ETF) inflows, providing a detailed look at Ethereum’s potential trajectory as it underperforms relative to Bitcoin in the current cycle. […]
US-China Trade Turns Back Down
During the summer of 2024, the volume of goods traded between the U.S. and China saw an increase after a 21 month-long plunge because of the Biden-Harris administration’s anti-free trade actions. The value of goods exchanged between the U.S. and China had started to stabilize, but the Biden-Harris administration rolled out new and expanded tariffs […]
Current Report: Mazda Motor
Image Source: Unsplash Mazda Motor Corp (MZDAF) is a Japanese automobile manufacturer. The company primarily manufactures passenger cars and commercial vehicles.Also, Mazda manufactures diesel and petroleum gasoline engines, along with manual and automatic transmissions for vehicles. The vast majority of Mazda’s production is manufactured locally.The company segments itself across four geographic areas: Japan, North America, Europe, […]
Gold Trading Strategy Today – Wednesday, Dec. 11
Image Source: Unsplash Today you will see Gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:03:43More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast […]
