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The leading cryptocurrency pair is trading with a bearish bias at 10,068 level, having an immediate support at 9,930 level that’s extended by triple bottom support. On the lower side, the Bitcoin price may drop until 9,346 level as the violation of the descending triangle may drive sharp selling—checkout the Bitcoin price forecast to learn more about the trade setup.
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Spot Gold eases from record amid profit taking, technical correction Spot Gold eased from recently achieved all-time high of $4,642.72/oz. on Thursday, as market players likely booked profits after recent rally.A technical correction may have also taken place, as Gold prices have reached too far, too fast, […]
Spot Gold scales two-week high on Fed rate cut bets Spot Gold scaled a fresh two-week high of $4,079.15/oz. on Monday on expectations of another interest rate cut by the Federal Reserve and after a host of weak macro data raised slowdown concerns."Gold is catching a solid bid from traders […]
Forex Market: GBP/USD daily trading forecast Yesterday’s trade saw GBP/USD within the range of 1.5126-1.5208. The pair closed at 1.5151, shedding 0.15% on a daily basis, while marking its eighth consecutive trading day of losses. The daily low has been the lowest level since May 5th, […]
Ford done with European capacity cuts Ford Motor Co. stated it doesnt intend to make further cuts in its production capacity in Europe as the market begins to stabilize. “We’re at the point where we have no more capacity announcements to make,” Stephen Odell, Ford’s Europe chief, […]
AbbVie Inc.’s share price down, increases its cash-and-stock bid for Shire Plc to 51.5 billion dollars AbbVie Inc. made an official statement on Tuesday, saying that it made a fourth bid to acquire Shire Plc. The drug manufacturer revealed that it has decided to increase the price to about 30.1 billion pounds (51.5 billion dollars). The new […]
Tesla China EV Sales Grow Despite Monthly Slowdown
Key Moments
Tesla sold 69,129 China-made electric vehicles in January, a 9.3% increase from the same month a year earlier.
January marked the third straight month of year-on-year sales growth for Tesla's China-produced […]