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AMD Reports Record Q4 Revenue, Shares Plunge 9% on Data Center Miss
AMD, a global semiconductor giant, saw its stock price fluctuate dramatically after releasing its Q4 2024 earnings report, despite surpassing consensus estimates on both the top and bottom lines. The primary concern was the underperformance of its highly anticipated data center business.TradingKey
Feb 5, 2025
Forex Today: US Dollar retreats, Gold renews record-high as markets await US data
Here is what you need to know on Wednesday, February 5: After weakening against its major rivals on improving risk mood and disappointing US data on Tuesday, the US Dollar (USD) struggles to hold its ground early Wednesday. Later in the session, the US economic calendar will feature ADP...
Fxstreet
Feb 5, 2025
Alphabet Drops 7% Due to Two Shocks in Q4 Financial Results
Google (GOOG.US) released its fourth-quarter earnings report for the period ending December 31, 2024. Shares of the Google parent company plummeted 7% in after-hours trading, likely due to investor dissatisfaction with slowing cloud growth and surging AI-related expenditures.TradingKey
Feb 5, 2025
EUR/USD lacks firm intraday direction, stuck in a range around 1.0375-1.0380 zone
The EUR/USD pair struggles to capitalize on this week's solid recovery from the 1.0200 neighborhood, or the lowest level since January 13, and oscillates in a range near the weekly top touched earlier this Wednesday.
Fxstreet
Feb 5, 2025
Bitcoin Funding Rate Turns Negative For The 7th Time in a Year – Every Previous Drop Led To Gains
Bitcoin and the entire crypto market faced a sharp decline as fears of a U.S. trade war rattled investors. The price plummeted amid uncertainty, only to stage a swift recovery after reports emerged that President Trump is in negotiations with Mexico and Canada to lift the tariffs.
Japanese Yen rallies on strong wage growth data; USD/JPY slumps to mid-153.00s
The Japanese Yen (JPY) attracts fresh buyers after data released during the Asian session on Wednesday showed a rise in Japan's real wages, which reaffirms bets that the Bank of Japan (BoJ) will raise interest rates again.
Fxstreet
Feb 5, 2025
USD/CAD consolidates above 1.4300 mark; upside potential seems limited
USD/CAD struggles to gain any meaningful traction and hangs near a two-week trough. Subdued Oil prices and the BoC’s dovish outlook undermine the Loonie and cap the pair. The USD languishes near the weekly low and further acts as a headwind for spot prices.
Fxstreet
Feb 5, 2025
Dogecoin Price Prediction: ‘Channel Down’ Formation Shows Why A Bounce Above $0.3 Is Expected
Crypto analyst TradingShot has identified a pattern on DOGE’s chart that shows why a bounce above $0.3 is expected for the Dogecoin price. This provides some optimism regarding the foremost meme coin, which was one of the most affected by the recent downtrend in the crypto market. ‘Channel Down’ For
Ethereum Price Forecast: ETH drops below $2,800 amid gas limit increase above 30 million units
Ethereum price today: $2,670 Ethereum validators reached a consensus to increase the network's gas limit above 30 million units to improve scalability. Ethereum buying activity has increased since the market crash, with ETH ETFs taking in $83 million and exchange reserves plunging by over 250,000...Fxstreet
Feb 5, 2025
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