Category: Trading

October 31, 2023

Bitcoin prices have taken a bit of a breather since the expansive rally that broke above the $35k mark last week Tuesday. Since then, it appears to be a case of uncertainty and rangebound trade but Bitcoin remains underpinned by […]

October 25, 2023

Stocks have moved sharply lower over the course of the trading session on Wednesday, more than offsetting the gains posted in the previous session. With the downward move, the Nasdaq and the S&P 500 have fallen to their lowest levels […]

October 24, 2023

Cryptocurrencies have surged on hopes that the US could soon approve a bitcoin exchange-traded fund. Technical charts suggest there is room for further rise. Bitcoin has broken above a crucial hurdle at the July high of 31800, triggering a double […]

October 24, 2023

The passage of cryptocurrency legislation would put the U.S. “back in the game” in terms of competing with other nations that have already crafted frameworks to oversee digital asset activity, Sheila Warren, CEO of the Crypto Council for Innovation, said […]

October 20, 2023

Schlumberger — The oilfield services stock dropped 2.9% after third-quarter revenue missed Wall Street expectations. Schlumberger reported $8.31 billion in revenue for the quarter, below the consensus estimate of $8.33 billion from analysts polled by LSEG, formerly known as Refinitiv. […]

October 13, 2023

After an initial move to the upside, stocks have given back ground over the course of the trading session on Friday. The major averages have pulled back off their highs of the session, with the tech-heavy Nasdaq leading the way […]

October 10, 2023

Bitcoin and Ripple have not enjoyed the best of weeks and for once this hasn’t had a lot to do with the Geopolitical situation in the middle east. There have been some developments particularly around ripple which are interesting but […]

October 2, 2023

FTX’s multibillion-dollar cryptocurrency blowup hasn’t destroyed all faith in the industry. In a new documentary premiering Monday, FTX customers, insiders and investors tell CNBC that despite not receiving a single dollar’s worth of cryptocurrency back, they’re optimistic on the industry […]

October 2, 2023

Bitcoin’s rise to a minor resistance at the mid-September high of 27500 raises the odds that the two-month-long decline could be over. This follows a hold above strong support at the June low of 24750, which has kept intact the […]

September 25, 2023

AstraZeneca — Shares rose 1.4% after Jefferies upgraded the stock to buy from hold. The upgrade comes after one of its breast cancer therapies, in joint development with Daiichi Sankyo, came out with positive results in a late-stage trial on […]

September 25, 2023

The House Financial Services Committee last week passed a bill that would stop the Federal Reserve from working on a central bank digital currency, giving the full House a chance to consider the legislation. The legislation would amend the Federal […]

September 21, 2023

Cisco Systems, Splunk — Shares of Cisco fell 3.9% Thursday after the company said it is acquiring cybersecurity software company Splunk for $157 per share in a cash deal worth about $28 billion. Splunk’s stock price popped 19.1% on news […]

September 21, 2023

France 40: Retail trader data shows 50.49% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Sep 14 when France 40 traded near 7,344.90, price has […]

September 19, 2023

Starbucks — Shares fell 2% in midday trading following a downgrade to market perform from TD Cowen. Analyst Andrew Charles noted concern over macroeconomic headwinds in China that could hit consumer spending at Starbucks stores. Instacart — The grocery delivery […]

September 8, 2023

U.S. stocks are rising but still headed for a down week on renewed concerns about the future path of the Federal Reserve’s interest rates. At 10:50 ET (14:50 GMT), the Dow Jones Industrial Average was up 86 points or 0.2%, […]

September 1, 2023

The top 500 US stocks ranked by market capitalization have partially recovered one of the deepest pullback seen during the current bull market. Rising risk-free rates (US treasuries) at a time when inflation has declined, has resulted in higher US […]

August 29, 2023

U.S. stocks ended higher and the dollar extended its losses on Wednesday, as a slew of disappointing economic data raised the probability that the Federal Reserve will press the pause button in its efforts to rein in inflation. All the […]

August 25, 2023

Shares fell more than 3% before the bell despite the company topping Wall Street’s expectations for the recent quarter. Marvell posted earnings of 33 cents per share, excluding items, on $1.34 billion in revenue. Analysts surveyed by Refinitiv had forecast […]

August 24, 2023

Wall Street is really suffering through the dog days of August. The S&P 500 is down more than 3% this month, on pace to snap a five-month winning streak. The broader market index is also on track to post its […]

August 18, 2023

After weeks of listless trade and low turnover, volatility returned to the cryptocurrency market with a bang Thursday when the market slumped in minutes with little in the way of support seen to stem the fall. Bitcoin went into freefall […]