Analysis

Bitcoin price action despite being wobbly in the past days, is still being discussed by analysts.

 Infosys today announced the expansion of its collaboration with NVIDIA for AI-powered, customer-centric solutions to drive innovation and operational excellence for telcos.

The Nvidia-fueled tech rally is likely to slow and turn volatile as economic headwinds and chip regulation weigh, but the sun isn't likely to set on the AI theme anytime soon.   

The EUR/USD pair recovers some lost ground around 1.1080, snapping the two-day losing streak on Friday during the early Asian session.

Wall Street is seen trading in tight ranges Thursday ahead of more labor macro data, a speech by Vice President Kamala Harris and, perhaps more importantly, the start of the Jackson Hole symposium on Friday. 

Gold is rising as markets digest disappointing Nvidia earnings, now a macro event given the company’s size and importance.  

Base reaches the 1 million daily active wallet milestone. It recently surpassed 4 million weekly active wallets. The Coinbase-launched Ethereum layer-2 Base has witnessed an amazing month in terms of […] The post Base Surpasses 1 Million Daily Active Wallets appeared first on Live Bitcoin News.

Amid Ethereum’s continuous free fall in price, renowned crypto analyst Michael Van De Poppe highlighted the asset’s current weakness in a post on X earlier today and when there could be a potential rebound.

Japan equities were lower at the close on Thursday, as losses in the Paper&Pulp, Mining and Chemical, Petroleum&Plastic sectors propelled shares lower.

The EUR/GBP cross trades in negative territory for the seventh consecutive day near 0.8415 during the early European session on Thursday.

EUR/USD is back in the green zone early Thursday, reversing a part of Wednesday’s steep sell-off. The further upside, however, appears elusive if risk aversion gathers steam and revives the safe-haven demand for the US Dollar (USD).

Investing.com-- Asian chipmaking stocks fell on Thursday, tracking overnight losses in market darling Nvidia after the chipmaker’s guidance on revenue and margins underwhelmed, raising concerns over the AI trade. 

Investing.com-- Most Asian currencies firmed on Thursday, albeit slightly, as a rebound in the dollar stalled ahead of key economic readings that are likely to factor into the outlook for interest rate cuts.

The AUD/USD pair trades on a stronger note around 0.6790 on Thursday during the Asian trading hours. The hotter-than-expected Australian CPI inflation data push back the expectation of a rate cut by the Reserve Bank of Australia (RBA) and provide some support to the Aussie. 

Trio Industrial Electronics Group Limited , a leading manufacturer and distributor of advanced industrial electronic components and products in Hong Kong, is pleased to announce the consolidated interim results of the Company and its subsidiaries (the “Group”) for the six months ended 30 June 2024.

NEW YORK, Aug. 29, 2024 /PRNewswire/ -- Global lifestyle brand MINISO marked the grand opening of its 200th store in the United States on August 24, 2024, at the iconic 3rd Street Promenade in Santa Monica.

Investing.com--Apple was seen ordering components for a much higher number of iPhones than last year, the Nikkei reported on Thursday, as the technology giant prepared for an artificial intelligence-driven boost to sales.

GBP/USD is making a headway back toward the 29-month high set on Tuesday at 1.3266. The pair is helped by a renewed selling seen in the US Dollar even as risk-off flows dominate, in the aftermath of the disappointing guidance shared by the American AI titan, Nvidia.  

Investing.com-- Gold prices rose in Asian trade on Thursday, staying close to record highs as a rebound in the dollar cooled ahead of key inflation data that is likely to factor into the outlook for interest rate cuts.

Silver price (XAG/USD) edges higher to near $29.45 during the early European session on Thursday. The ongoing geopolitical tensions in the Middle East and weaker US Dollar (USD) amid the Federal Reserve (Fed) rate cut expectation provide some support to the white metal.