Category Archives: Business
January 31, 2025
Japanese Yen Bulls Gain Momentum Amid BoJ Rate Hike Speculation
The Japanese Yen (JPY) continues to strengthen against the US Dollar (USD) during Friday’s Asian session, remaining near a one-month high. Fresh economic data from Japan reinforced expectations of further rate hikes by the Bank of Japan (BoJ), further supporting the Yen’s upward trajectory. Japanese Economic Data Boosts Yen Sentiment Tokyo’s Consumer Price Index (CPI) […]
January 30, 2025
Australian Dollar Gains Limited Amid RBA Dovish Sentiment
The Australian Dollar (AUD) strengthened following the release of the Export Price Index on Thursday, but upside momentum appears restrained due to a dovish outlook from the Reserve Bank of Australia (RBA). A breakout above key resistance levels is needed to confirm a bullish trend. Australian Dollar Reacts to Export Price Index Data The AUD/USD […]
January 30, 2025
Gold Price Forecast: Will Bulls Break Resistance and Push to New Highs?
Gold prices continue to consolidate near recent highs, with a potential breakout above $2,773 signaling further strength. Key support stands at $2,702, while upside targets extend to $2,823 and beyond. Gold Consolidates Near Highs – Is a Breakout Imminent? On Wednesday, gold remained in a tight range, forming a higher daily low and a slightly […]
January 29, 2025
Ripple (XRP) Surges 10% Amid Bullish Momentum, Eyes $4.50 Price Target
Ripple’s native cryptocurrency, XRP, has witnessed a sharp 10% price increase in the last 24 hours, currently trading at $3.18. This rebound follows a brief dip below $2.80 on January 27, triggered by a market-wide selloff linked to the launch of a new AI model by Chinese startup DeepSeek. Key Highlights: XRP Leads Crypto Market […]
January 29, 2025
Nvidia Fights Back After £500bn Wall Street Wipeout as Trump Warns of Chinese AI Threat
Nvidia shares made a strong comeback after suffering a historic £500bn market value loss, as former US President Donald Trump warned that China’s rising artificial intelligence (AI) industry poses a serious threat to American technological dominance. Following a devastating 17% drop on Monday—the largest single-day stock loss in corporate history—Nvidia’s stock rebounded nearly 9%. This […]
January 28, 2025
Bitcoin, Ethereum, and Solana Crash — Is China’s Low-Cost AI Model DeepSeek the Culprit?
IntroductionThe global financial markets, including cryptocurrencies like Bitcoin and Ethereum, have been shaken by the emergence of DeepSeek, a Chinese AI startup that introduced a revolutionary, low-cost AI model. Experts believe this disruptive technology challenges Silicon Valley’s dominance and may have contributed to the recent crash in crypto and tech stocks. DeepSeek’s AI Model Sparks […]
January 28, 2025
Analysts Praise Diageo as Guinness and Moet Hennessy Sale Rumors Dismissed
IntroductionDiageo, the world’s largest spirits maker, has ruled out the sale of its iconic Guinness brand and its stake in Moet Hennessy, dispelling recent speculation. Analysts at Jefferies responded positively, reaffirming their confidence in the company’s future, which is poised for growth under new leadership. Diageo Shuts Down Guinness Sale RumorsLast week, reports emerged suggesting […]
January 27, 2025
Bitcoin Plummets Below $102,000: Crypto Market Faces Resilience Test
Bitcoin’s journey has never been smooth, and its recent drop below $102,000 highlights the volatility that continues to define the cryptocurrency market. This decline comes at a time when investors had high expectations following the start of President Donald Trump’s second term. Bitcoin Price Update As of Sunday night, Bitcoin (BTC) is trading at just […]