Latest Market News

May 12
Apple’s stock drops below the March low to complete bearish pattern

Shares of Apple Inc. AAPL, -5.18% were diving 3.6% in afternoon trading Wednesday, enough to pace the Dow Jones Industrial Average’s DJIA, -1.02% decliners. The decline comes amid a broad selloff in the technology sector, and even though the technology behemoth didn’t issue any press releases or file anything with the Securities and Exchange Commission […]

May 12
ApeCoin is down 70%+ since the Otherside launch — Can Yuga Labs turn the ship around?

ApeCoin (APE), the new cryptocurrency that was recently launched by Yuga Labs, aims to be the bedrock of the Otherside metaverse and recently, the token has experienced massive volatility leading into and after its digital land sale. APE’s price dropped from $26 at the peak on Apr. 28 to $14 on May. 2 — more […]

May 12
Gold prices rise Wednesday, a day after settling at a 3-month low

Gold futures ended Wednesday with a gain, as traders digested a reading on inflation that came in higher than expected. Gold for June delivery rose about 0.7%, up $12.70, to settle at $1,853.70 an ounce on Comex. The April consumer price index showed inflation at a 8.3% annual rate, down from 8.6% the previous month, […]

May 12
Not bothered: Miners ‘not impacted by volatility’ in Bitcoin market

Despite steadily declining prices of Bitcoin and turmoil on the markets today, some of the largest mining companies are unfazed and insist their operations will not be affected by negative price volatility. Some even see it as an opportunity to gain market share as smaller competitors collapse. Bitcoin (BTC) prices have been on a steady […]

May 12
Amazon stock slumps toward a 2-year low, has wiped out $400 billion in market cap since Q1 results

Shares of Amazon.com Inc. AMZN, -3.20% slumped 3.3% in afternoon trading Wednesday, putting them on track to close at a more-than two-year low. The ecommerce and cloud services behemoth’s stock, which is headed for the lowest close since April 9, 2020, has now tumbled 27.2% since first-quarter result were reported after the April 28 close, […]

May 11
Forex Technical Analysis & Forecast 11.05.2022

EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 1.0530. If later the price breaks this range to the downside, the market may form a new descending structure with the target at 1.0462; if to the upside – start another growth towards 1.0610 or even break this level to extend the structure up to […]