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Bulls are taking over Bitcoin this morning, as the price of the cryptocurrency has risen above its $12,000 psychological resistance on the back of increased support from the US central bank to the potential introduction of a digital currency. Many of these Bitcoin investors, also known as traders, are looking forward to trade with software…
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US stock futures are trading higher this morning during the European futures trading session after seeing five consecutive days of losses amid concerns of renewed lockdowns in Europe and a rising number of daily virus cases in the US. E-mini futures of the S&P 500, Nasdaq 100, and Dow Jones Industrial Average are all trading…
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Tesla would report its third quarter earnings after the close of markets tomorrow. The stock has been on a fire this year amid investors’ optimism over electric vehicles. What’re analysts projecting for Tesla’s third quarter earnings? Tesla’s Q3 earnings estimates According to the consensus estimates compiled by Tikr, analysts expect Tesla to report revenues of…
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The International Monetary Fund (IMF) is forecasting that oil prices will trade range-bound during 2021 as the demand for crude is likely to remain weak amid the pandemic. According to a recent report from the Washington-based organization, oil prices could trade in a range between $40 and $50 per barrel, which means that the IMF…
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This week is the busiest week for S&P 500 with companies including Tesla and Netflix reporting during the week. What’re analysts projecting for Netflix’s third quarter earnings and how’s the stock placed ahead of its release? The earnings season is in full swing and streaming giant Netflix would report its third quarter on 20 October….
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On one hand, you have Toyota, a Japanese car manufacturer that produces a million cars annually for the world, and on the other, you have Tesla, which is an emerging automobile company that recently surpassed Toyota’s market value for the first time. The decade-long-standing of Toyota as a market-leading Car Company has been crushed by Tesla, as…
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Gold is rebounding today during the European commodity trading session, moving slightly above the $1,900 per ounce level following yesterday’s plunge as the International Monetary Fund (IMF) warned that financial markets could face “sharp adjustments” if the pace of the global economic recovery stalls. Gold prices went down 1.64% yesterday as a result of a…
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BitQL is a popular bitcoin trading robot said to earn users insane profits speculating on bitcoin. Users can reportedly earn up to $1 million in about a year of trading with this robot if they compound their daily profits. A typical user with just USD 250 in invested capital can reportedly make up to $1250…
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The third quarter earnings season kicks off this week led by leading US banks including Bank of America that would report its earnings on Tuesday. What should investors expect from Bank of America’s third quarter earnings? Earnings season This week, leading US banks including JP Morgan Chase, Citibank, Bank of New York Mellon, and Bank…
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Gold prices are rising 1.2% at $1,916 per ounce during today’s early commodity trading activity as investors keep piling on the yellow metal ahead of the US election amid expectations of increased market volatility. The price of the precious metal has been trading range-bound since rebounding off the $1,860 lows of late September, as investors…
