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Gold is slipping this morning to its lowest levels since late September as the US dollar is gaining strength on news that drugmaker Pfizer (PFE) could move to seek emergency approval for its vaccine within days. Vaccine news have been driving the price of gold lower as traders adopt a risk-on attitude in hopes that…
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The Bitcoin rally is resuming this morning as the cryptocurrency is trading 2.8% higher at $18,175 per coin aided by a weaker dollar and some late-buying activity as more investors jump on board while BTC advances to its all-time highs. These levels haven’t been seen since January 2018, when the cryptocurrency’s value started to nosedive…
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NIO stock tumbled over 7% on Friday but is trading around 1% higher in pre markets today. Citron Research, which was bullish on the Chinese electric vehicle maker, came up with a bearish report on the company that led to the sell-off. Can NIO prove Citron Research wrong with its Q3 earnings that are scheduled…
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Bitcoin is rallying again with analysts speculating that it will go past the 2017 peak in a few months. Volatility is extremely high, which translates to high profitability potential for algorithmic traders. Bitcoin Rejoin is an algorithmic trading system powered by Artificial Intelligence (AI) algorithms. It’s arguably one of the most profitable trading systems in…
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The price of Bitcoin (BTC) seems to be determined to pop above its $16,000 psychological threshold as the cryptocurrency jumped to $16,200 in early cryptocurrency trading activity today, making this the second time in which the cryptoasset has traded above this level since the month started. This latest bull run appears to be driven by…
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XPeng, that listed earlier this year only, was trading sharply higher in pre markets today after posting strong sets of numbers in the third quarter. XPeng delivered 8,578 electric cars in the third quarter, a year over year increase of over 265%. The deliveries for P7, which commenced in June only, increased to 6,210 in…
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Oil futures are surging more than 3% today at $42.60 per barrel as crude prices keep moving higher on vaccine hopes and lower US inventories. Futures of the West Texas Intermediate (WTI) – the US benchmark – are trading above the $42 mark for the first time since 20 October, while Brent futures – the…
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Plant-based meat company Beyond Meat was trading sharply down in pre markets today as a flurry of negative news including a massive earnings miss has hit the stock. Beyond Meat released its third quarter earnings yesterday after the close of markets. The earnings missed analysts’ estimates by a wide margin. The company’s net revenues increased…
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Disney is set to release its earnings on 12 November after the close of the markets. In this article, we’ll discuss what should investors expect from the company’s fiscal fourth quarter 2020 earnings release. Disney’s earnings estimates According to the data compiled by Tikr, analysts expect Disney to post revenues of $14.14 billion in the…
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Square stock was up sharply in pre markets today after its third quarter earnings smashed estimates. For the first time ever, the company reported over $1 billion in revenues from bitcoins. Square reported revenues of $3.03 billion in the third quarter as compared to $1.27 billion in the corresponding quarter in 2019. Analysts were expecting…
