Gold Prices Take a Dip: Understanding the Connection with US Treasury Yields and US Dollar Index In recent market movements, gold prices have corrected lower, retreating from the resistance area. This correction comes as US Treasury yields and the US Dollar Index find renewed support. Let’s delve deeper into the relationship between these three factors…
Nvidia’s Stock Slump: A New Challenge for American Tech Giants In January 2023, Nvidia Corporation (NVDA) made headlines by reaching a new record closing high, just below the $150 mark. However, this achievement was short-lived as the stock experienced a significant decline of approximately 16%. The cause of this unexpected drop can be traced back…
Credo Technology’s Q3 Earnings: AEC Product Shipments and Hyperscaler Customer Base Drive Growth Credo Technology, a leading provider of high-performance SerDes and connectivity solutions, recently reported impressive Q3 earnings. The company surpassed expectations, with revenues coming in at $152.5 million, representing a 54% year-over-year increase. This robust growth can be attributed to the strong performance…
The Tight Battlefield Between XRP Bulls and Bears: A Market Analysis In the ever-evolving world of cryptocurrencies, Ripple’s digital asset, XRP, has found itself in a narrow price range, sandwiched between the 50 and 100-day moving averages. This tight battlefield has created a captivating scenario where both bulls and bears are fiercely vying for dominance,…
XRP’s Dramatic Price Surge: A New Hope for Investors Yesterday, the crypto market witnessed an unexpected surge in the price of XRP, the native digital asset of Ripple Labs. This price increase, which saw XRP reaching a high of $1.35, has left many investors feeling optimistic about the future of this cryptocurrency and the crypto…
Exploring Opportunities at Finance Magnates Africa Summit The Rise of iFX Brokers in the African Market Many venues are heading to the upcoming Finance Magnates Africa Summit (FMAS:24) in a couple of weeks to explore opportunities on the continent. However, one broker that has already become a strong player and is a leader in the…
Major Market Position Change Ahead for Himax The Situation Hey there fellow investors! Today we’re going to chat about some big news in the tech world that could potentially shake up the market. Himax, a major player in the semiconductor industry, is on the brink of a major market position change. Exciting stuff, right? What’s…
Bitcoin Reaches New All-Time High and Crypto Community Speculates on Future Bitcoin recently broke its previous all-time high at $73,800 and soared to a new record of $75,000. As of now, it is hovering around $74,926, showing no signs of retracing back. This has left the crypto community wondering whether Bitcoin is done climbing or…
