The US Dollar Index (DXY) continued its strong rebound this month and is now hovering near its highest point since May 29. It has jumped by over 4% from the year-to-date low and technicals suggest that it has more upside. US Dollar Index technical analysis The daily timeframe chart shows that the DXY Index has
Plug Power stock price has been in a strong freefall in the past few months, moving from a high of $4.57 in October to the current $1.98. Its market cap has dropped from the year-to-date high of $4.9 billion to the current $2.76 billion. Why PLUG stock has crashed Plug Power stock price has been
Gold price has held in a tight range as the bulls lack enough momentum to retest the support-turn-resistance zone of $4,200. Notably, a stronger US dollar and expectations of a hawkish Federal Reserve have curbed the bullion’s gains, at least in the short term. However, gold’s safe-haven appeal remains steady as investors worry about the
Zoom stock price has remained in a deep consolidation phase in the past few years as demand for its services waned. It has remained inside the support and resistance levels at $56.27 and $91 since 2022. ZM stock was trading at $78.64, down by over 86% from its highest level since 2020. In contrast, the
The crypto market crash eased during the weekend as investors bought the recent dip, and as American stocks rebounded from their Thursday crash. Bitcoin price rose to $86,500 from last week’s low of $80,000. Other top cryptocurrencies were also in the green, with Ethereum, XRP, Solana, and Chainlink rising by over 3% in the last
South Korea’s KOSPI Index has been in a strong uptrend this year, helped by the country’s president’s commitment to push it to KRW 5,000 earlier this year. It jumped to a record high of KRW 4,244, up by 86% from its lowest level this year. This rally could be about to end after the index
The crypto market remained under pressure last week as Bitcoin and top tokens retreated, erasing billions of dollars in value. Bitcoin moved to $80,000, while the market cap of all tokens dropped by over $2.86 trillion. This article explores some of the top cryptocurrencies to watch this week, including Monad (MON), Pi Network, and XRP.
Oracle stock price has suffered a major reversal as concerns about the artificial intelligence (AI) and its soaring debt remain. ORCL dropped to a low of $198, down by over 36% from its highest point this year. Its market cap has dropped from over $967 billion to $530 billion. Oracle stock has crashed amid debt
The crypto market crash continued its strong downtrend on Friday, with Bitcoin tumbling to $85,000. Ethereum plunged by 7.65% in the last 24 hours to $2,800, while XRP, BNB, Solana, and Dogecoin dived by over 5%. So, why is the crypto crash happening? Crypto market crashes intensified as stocks plunged The ongoing crypto crash intensified
The Japanese yen continued its freefall after Japan approved a bigger-than-expected stimulus and after a report showed that inflation remained stubbornly high in October. The USD/JPY exchange rate was trading at 157.18, a few points below this week’s high of 157.73. Japan passes a big stimulus package The USD/JPY exchange rate has been in a