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Electronic Arts Downward Trend The Electronic Arts company, EA, has recently seen a decline in its stock price, with shares dropping by 6%. This underperformance contrasts with the Nasdaq, which has been experiencing strong growth in the new year. EA’s decline is largely attributed to their Q3 results, which came in $2.3 billion below consensus. … Read more
The currency exchange market has been volatile recently, with the GBP/USD pair showing significant movement. The pair has been heading toward the 1.2000 mark, despite experiencing several losses in the previous week. Currently, the exchange rate stands at 1.2030, reflecting the impact of recent events and decisions made by central banks. The downbeat of the … Read more
Tesla Gets Model Y Tax Credits Tesla Inc. stocks have seen a significant increase in value, with shares rising 77% since January 2023. This growth can be attributed to the recent announcement that most Tesla Model Y electric vehicles will now fully qualify for tax credits. Investors have welcomed the news following the economic downturn … Read more
FTSE 350 Market Watch ASOS, the popular online fashion retailer, emerged as the best-performing asset in January despite facing a severe market storm. As a result, the company’s stock has surged 71% and continues to gain, rising 0.4% on Tuesday. Although the recent growth is impressive, ASOS’ stock is still below its levels from 2021. … Read more
Crude Oil Watch The oil market is already facing challenges with the surplus of crude oil from Russia, and the drone attack in Iran has added to the uncertainty. Moreover, the situation in the Middle East has escalated further with the attribution of the attack to Israel by a US official, causing high tensions in … Read more
BTC’s 30d MVRV has touched early 2021 bullish market regions, leading to unrealized profits for most investors. On-chain indexes show miners are selling, increasing challenges to the current rally. Developments such as United States banks suspending deals with cryptocurrency exchanges begin to pile up. Bitcoin has highly contributed to the latest uptrends in the cryptocurrency … Read more
Norwegian Currency to Rebound Against The USD Experts are predicting a comeback for the Norwegian Krone against the dollar, thanks to the immense wealth generated from the country’s oil production activities. According to market analysts, the market is undervaluing the currency given its recent performance and the significant revenue Norway receives from its energy exports. … Read more
The stock market has been a rollercoaster ride in 2022, with household building shares taking a colossal hit. These shares have been the poorest performers in 2022, dropping by over 30%. This number raises the question: is this an opportune time to buy shares in the household building industry, or is it a risk? As … Read more
US stocks continued to perform well for the second week despite a dip in the Consumer Price Index (CPI). The CPI fell by 0.1% during the week, but prices are still higher than last year by over 6.3%. Analysts attribute the stock market’s continued strength to several factors, including positive economic data and strong corporate … Read more
The top five BTC mining companies have seen double-digit gains. Cryptocurrency mining stocks remain well down from their highs. Coinbase and MicroStrategy also saw a massive trading week. Cryptocurrency prices aren’t the only ones witnessing upside actions this week. BTC mining stocks record uptrends amidst revived market momentum. In addition, this week has seen share … Read more
Wednesday sessions saw the euro slightly hitting its highest mark against the United States dollar in about seven months. That comes as the dollar deteriorates ahead of the up-and-coming US inflation stats. The euro climbed to explore its highest region since 31 May, near $1,0766, as market participants forecast that the Federal wouldn’t have to … Read more
European Stocks Rally as Investors Digests Strong Corporate Earnings Wednesday saw a surge in the Europe equity market as investors analyzed the latest quarterly results from various companies, as the retail sector drew particular attention. At 09:00 GMT, Germany’s DAX index rose by 0.4%, and France’s CAC 40 climbed 0.5%. In addition, the Financial Times … Read more