Category Archive: Cryptocurrency, No picture
OpenAI set to release Sora AI video generator to the public today
Key Takeaways In a video uploaded earlier today, tech reviewer Marques Brownlee announced that OpenAI will roll out Sora, its AI video generation tool, to the public today. EU and UK users might face delays in accessing Sora, continuing OpenAI’s cautious regional rollouts. Share this article OpenAI’s AI video generation tool, Sora, is officially being […]
Watching Weather And Diplomacy. The Corn & Ethanol Report
We kicked off the day with Wholesale Inventories MoM and Wholesale Trade at 9:00 A.M., Export Inspections and Consumer Inflation Expectations at 10:00 A.M., 3-Month & 6-Month Bill Auction at 10:30 A.M.Managed funds in the week ending Dec 4th were net sellers of corn, soybeans, and CBOT wheat. Fund’s net short position in the major CBOT […]
China Promises – Manic Metals Report
Image Source: Unsplash The metals are exploding this morning after a quick dip after China’s data showed that inflation was weaker than expected now normally that would have been a death knell for copper in the rest of the precious metals but because China vowed to take “more proactive” fiscal measures and “moderately” looser monetary policy. […]
S&P 500 Weekly Action Areas & Price Objectives – Monday, Dec. 9
Image Source: Unsplash In this update, we review the recent price action in the emini SP500 futures contract and identify high-probability action areas and price objectives for the trading week ahead.Video Length: 00:07:30More By This Author:Daily Market Outlook – Monday, Dec. 9 FTSE Fails Again AT 8400 Resistance Daily Market Outlook – Friday, Dec. 6
Nvidia Shares Slip As China Opens Antitrust Probe Over Mellanox Acquisition
Nvidia’s (NVDA) stock saw a more than 2% drop in pre-market trading on Monday, following a 1.8% decline last Friday, as China’s State Administration for Market Regulation (SAMR) opened an antitrust investigation against the US chipmaking giant.The probe relates to Nvidia’s $7 billion acquisition of Mellanox Technologies, finalized four years ago.SAMR alleges Nvidia may have […]
The Energy Report: Assad Falls – Monday, December 9
Oil prices are on the rise as the Assad regime in Syria falls raising questions about the geopolitical risk factors going forward. The potential for a power vacuum could lead to some unintended consequences. At the same time the Islamist leader that is claiming to run the country suggests that he is not the same […]
Gold Rebounds On China Stimulus Hopes Ahead Of Busy Weeks
Image Source: Unsplash Gold and silver rose in the first half of Monday’s session. A shift in China’s monetary stance provided a welcome boost for Chinese stocks overnight and this helped to provide a positive backdrop for all China-related assets, from miners to key commodity prices. Meanwhile, geopolitical upheaval from the Middle East to South Korea […]
Two Trades To Watch: EUR/USD, Oil Forecast – Monday, Dec. 9
Image Source: Unsplash EUR/USD rises with ECB rate decision & US CPI data due this week ECB is expected to cut rates by 25 bps on Thursday US CPI is set to rise to 2.7% on Wednesday EUR/USD rises above the 20 SMA Yeah, the U.S. dollar is moving higher towards the 10580 level as investors […]
MicroStrategy buys another 21,550 Bitcoin for $2.1 billion, boosting holdings to $42B
Key Takeaways MicroStrategy acquired 21,550 Bitcoin for $2.1 billion, raising its total holdings to 423,650 BTC. The company has raised capital through share sales to fund its ongoing Bitcoin purchases. Share this article MicroStrategy, the world’s largest corporate Bitcoin holder, said Monday it had added 21,550 BTC worth around $2.1 billion to its portfolio. The […]
El Salvador to narrow Bitcoin laws to secure $1.3B loan from IMF—report
Key Takeaways El Salvador is negotiating a $1.3 billion loan from the IMF requiring changes to its Bitcoin legal tender law. The country plans to make accepting Bitcoin voluntary for businesses to comply with the IMF conditions. Share this article El Salvador plans to make some changes to its approach to Bitcoin in order to […]
