Analysis

After a dramatic bull run following the election of Donald Trump last week, Tesla (NASDAQ: TSLA) shares are finally cooling off today, pulling back in line with a broader sell-off as the S&P 500 is headed for its first decline since the election.

As we glide into the holiday season with the presidential poll freshly in the past, cryptocurrencies are benefiting from an unprecedented set of tailwinds.

Investing.com -- Federal Reserve chair Jerome Powell has made it clear that he is willing to remain in place even if President-elect Donald Trump demands his resignation, but could Trump appoint a “shadow” Fed chair to sideline Powell?

The EUR/USD pair remains under pressure on Wednesday, holding steady just above the 1.0600 level during Asian trading hours. This would mark the fourth consecutive day of losses for the Euro, as the pair continues to face downward momentum.

Dogecoin has skyrocketed over 200% in less than three weeks, riding the wave of Bitcoin’s recent record-breaking rally. As BTC surged to new all-time highs, the momentum carried over to altcoins, with Dogecoin leading the pack in aggressive gains.

Micron (NASDAQ: MU) stock got hit with big sell-offs in Tuesday's trading. The memory chip specialist's share price ended the daily session down 4.2%. Meanwhile, the S&P 500 index fell 0.3%, and the Nasdaq Composite fell 0.1%.

Investing.com - Occidental Petroleum on Tuesday reported blowout third-quarter earnings, driven by strong operational performance.

Day traders have gone on a buying spree, flocking to assets linked to Elon Musk following Trump’s election win. The assets on their list include stocks and extremely volatile cryptos such as Dogecoin and MAGA-themed memecoins. 

TradingKey - For investors in China’s big technology stocks, Alibaba Group Holding Ltd (NYSE: BABA) (HKEX: 9988) is one of the most recognisable names. The e-commerce giant has amassed a loyal following and customer base given its various online retail platforms like Taobao, Tmall and Lazada.

Japanese multinational investment firm SoftBank reported a revenue of ¥1.18 trillion ($7.7 billion) in the previous quarter, following a loss of about ¥931 billion ($6 billion) from the year before. 

The Dogecoin price is racing towards its next bullish target, as an analyst projects a rise to $15 for the number one meme coin.

Amazon is reportedly working on its own AI processor to lessen its reliance on NVIDIA for AI chips.

EUR/USD trimmed further into low the side on Tuesday, shedding another third of a percent.

The Bitcoin price has finally broken out of resistance and is on a journey to the $320,000 threshold, according to a crypto analyst.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.00 on Wednesday.

Investing.com -- Deutsche Bank (ETR:DBKGn) on Tuesday made adjustments to its ratings on cybersecurity stocks, upgrading SentinelOne (NYSE:S) and downgrading Okta (NASDAQ:OKTA).

TradingKey - Since the U.S. election on November 5, Bitcoin, the largest cryptocurrency, has surged approximately 28%, reaching an all-time high of $89,884 in the early hours of Tuesday, Eastern Time.

We believe the reasonable price for Celsius should be around $30-36.5 for FY25F, and we remain our neutral view on it.

Bitcoin (BTC) has been on an all-time-high (ATH) run following the election victory of the Republican US presidential candidate Donald Trump. 

AUD/JPY retraces its recent gains from the previous session, trading around 100.70 during the early European hours on Tuesday.