Tue, May 21, 2024

anne smith

Bitcoin

Bitcoin Retreats to Mid-$57K Post-Fed Rate Decision

Quick Look: Bitcoin price currently consolidates around $57,000, down by 5%; Fed maintains high interest rates, reduces balance sheet contraction; Volatility spiked after the Fed announcement, impacting Bitcoin and stocks. The price of Bitcoin has experienced notable fluctuations, currently consolidating in the mid-$57,000s, reflecting a drop of roughly 5% on the day. This volatility comes …

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microsoft, Internet Explorer

Microsoft’s $1B Investment in OpenAI to Rival Google

Quick Look: Microsoft invested $1 billion in OpenAI in 2019 to catch up with Google in AI; The investment aimed to enhance Microsoft’s AI capabilities and infrastructure; This strategic move has significantly improved features across Microsoft’s products. In 2019, Microsoft made a pivotal $1 billion investment in OpenAI, a move driven by a palpable sense …

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ethereum

Ethereum in Ascending Channel: Risk at $3,000, Upside to $3,500

Quick Look: Bullish Channel: Ethereum is in an ascending price channel, indicating potential upward movement. Critical Levels: Watch for potential breakdown if it fails to hold $3,000, risking a fall towards $2,700. Market Sentiment: A recent 7.8% drop and a decrease in open interest point to cautious market behaviour. Ethereum, the second-largest cryptocurrency by market …

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Paypal logo printed onto paper.

PayPal’s Strong Start in 2024: $403.9B Payment Volume Surge

PayPal’s Strong Start in 2024: $403.9B Payment Volume Surge Quick Look: Significant Volume Increase: PayPal reported a 14% rise in payment volumes, reaching $403.9 billion, surpassing expectations. Strategic Adjustments: CEO Alex Chriss leads a focus on cost cuts and enhancing efficiency, including a 9% workforce reduction. Market Confidence: Amid strategic changes, PayPal plans a $5 …

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Decoding Market Symmetry: The AB=CD Pattern 

Decoding Market Symmetry: The AB=CD Pattern 

Chart patterns play a crucial role in guiding traders through the complexities of market analysis. Among these, the AB=CD pattern stands out as a particularly insightful harmonic pattern, favored by traders for its clarity and reliability.  What is the AB=CD Pattern in Chart analysis? This pattern, primarily identified using the Fibonacci retracement tool, offers a structured …

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Best books about blockchain you should know

Best books about blockchain you should know about in 2023

Have you ever thought about what are the best blockchain books to read in 2023? What educational readings do the world’s greatest experts recommend to everyone who wants to improve this career? Although everything is available online and video courses and materials are the most watched, we must always appreciate the power of the written …

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How can features of blockchain support sustainability efforts?

Have you ever thought about how can features of blockchain can support sustainability efforts exactly? Is it hard to do so, and if so, in which way you’re able to achieve it? First of all, in today’s world, sustainability is key, and “eco-friendly blockchain technology” is leading the way.  “Blockchain for sustainability” offers “green blockchain …

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Best stock trading app U.K. you should know about in 2023

Best stock trading app U.K. you should know about in 2023

Table of Contents (TOC) Introduction to Stock Trading Apps in the U.K. Understanding Stock and the Stock Market Stock in the U.K. Context – Explained Navigating the Stock Exchange with U.K. Apps Understanding U.K. Stock Trading Apps Better Alternative Trading Platforms Navigating the Stock Market Landscape Top U.K. Stock Trading Apps in 2023 eToro Free …

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What is Forex carry trading, and how does it work exactly?

What is Forex carry trading, and how does it work exactly?

Have you ever wondered what Forex Carry Trading entails and why it is so crucial to understand nowadays? Why have certain financial strategies reached the serious interest of professionals worldwide? First, as everyone knows, the Forex market is the most dynamic and largest financial market globally, with a median daily turnover of 6.6 trillion dollars. …

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Unleashing the Power of AI with Immediate Trader

Unleashing the Power of AI with Immediate Trader

In the fast-paced world of cryptocurrency trading, staying ahead of the curve is crucial. That’s where Immediate Trader steps in, a cutting-edge crypto auto-trader powered by advanced AI technology. In this article, we’ll delve into the features and benefits that set Immediate Trader apart from the rest. AI Technology for Unparalleled Performance Immediate Trader harnesses …

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Oil prices rose

Oil prices fell as potential U.S. interest rate hikes could slow growth

Oil prices retreated as a potential U.S. interest rate hike, which could slow growth and pause oil consumption, weighed on strong economic data from China. Brent crude futures were down $1.83, or 2.23%, at $82.94 a barrel, while West Texas Intermediate was down $1.83. The U.S. Federal Reserve is likely to make another interest rate …

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dollar

Dollar steadied after it seesawed with bond market volatility

The dollar held steady after seeing bond markets falter as investors eyed U.S. economic data. Meanwhile, the dollar index advanced 0.112% to 101.84 in Asian trade after retreating 0.37% on Tuesday, reversing the previous session’s 0.54% rally. Two-year U.S. Treasury yields hit a near one-month high of 4.232% overnight and remained higher in Tokyo trading …

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