On the monthly chart, silver has reached a very interesting technical level. Just yesterday, I published an analysis explaining why I expected silver to move lower, with a downside target around $50. However, today I’ve taken one important factor into account that I underestimated yesterday. Today is Fed Day. We’ll get the Federal Reserve’s interest…
SK Hynix fell 9.61% on July 29, closing at KRW 1,401,000 (SKHY: approximately $130.17) after reaching an intraday low of KRW 1,246,000 (approximately $115.77). The stock has now declined more than 50% from its late-June high, but the latest low tested a previous breakout area, suggesting that buyers are beginning to defend this zone. The…
OGN is approaching a major support area inside its long-term descending channel after a prolonged bearish trend. Price is currently testing the lower boundary of the structure, where buyers need to step in to prevent further downside. A recovery attempt could start if OGN holds the 0.0143 – 0.0137 support zone and reclaims the 0.0162…
ETH/USD ā Holding Above $1,900, $2,000 Is the Line in the Sand Ethereum continues to defend the $1,900 level, and dip demand has been consistent ā a constructive sign for bulls in the near term. Key observations: š¢ Dip-buying intact ā each pullback toward $1,900 is being absorbed, suggesting underlying demand hasn’t dried up.š” $2,000…
What happened: Semiconductor stocks declined on Wednesday as a record profit from memory maker SK Hynix (000660.KS, SKHY) failed to lift the sector, further unwinding the AI trade. The PHLX Semiconductor Index (^SOX) fell more than 3%, extending losses from the prior session. AI chip heavyweight Nvidia (NVDA) stock dropped more than 2% while peer AMD (AMD)…
US stocks fell on Wednesday after Iran launched surprise attacks against the US, and as investors counted down to the Federal Reserve’s policy decision and earnings from two big spenders on AI. The S&P 500 (^GSPC) lost 0.8%, and the tech-heavy Nasdaq Composite (^IXIC) dropped 1.1%. The Dow Jones Industrial Average (^DJI), which includes fewer…
Just recently, in a span of about six weeks, one impressive company was selected by the U.S. Army to build and operate rare earth processing facilities on an American military baseā¦the first time the Army has ever done this. That same company closed $100 million in institutional financing, giving it a war chest of roughly…
By Heekyong Yang and Hyunjoo Jin SEOUL, July 29 (Reuters) – South Korean chipmaker SK Hynix reported bumper quarterly results on Wednesday but fell short of lofty investor expectations, heightening market concerns about slower AI spending by big tech firms. To cushion itself against the industry’s volatile demand cycles, the company is racing to lock…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. How much money should you have by the time you turn 30? Social media has made it much harder to know what’s normal. Scroll through enough finance posts and you’ll quickly find people claiming to have $500,000, $1…
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