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The Tech Layoff Wave Continues: Major Cuts at TikTok Quick Look: TikTok Layoffs: Announces significant layoffs in operations, content, and marketing departments amid economic pressures. Key Department Cuts: The global user operations team will be disbanded, with employees reassigned to trust and safety. Workforce

Britain’s Inflation Drop to 2.3% Disappoints Markets Quick Look: Inflation Data: April saw a smaller-than-expected drop in British inflation, with consumer prices rising 2.3% annually, down from March’s 3.2%. Core Inflation: Core inflation barely fell, decreasing to 3.9% from 4.2%, missing forecasts of

JPY Drops Amid $2.96 Billion Trade Deficit and Weak Data Quick Look: Trade Deficit Impact: Japan’s trade deficit of Y462.5 billion in April, exacerbated by a weak Yen, pressured the currency further. Economic Indicators: Despite an 8.3% rise in exports, falling short of

Tesla Q1 2024 Revenue Drops 9%, Profit Down 48% Quick Look: Financial Decline: Tesla’s Q1 2024 revenue fell 9%, and adjusted profit dropped 48%, marking its steepest decline since 2012. Earnings Miss: Adjusted EPS was 45 cents, below the expected 49 cents, and

A new May high for the price of Ethereum at the $3839 level The price of Ethereum started this week calmly, hovering around the $3100 level. Ethereum chart analysis The price of Ethereum started this week calmly, hovering around the $3100 level. On

Dogecoin and Shiba Inu: Dogecoin support at 0.16600 level This morning, Dogecoin made a significant move, climbing to a new weekly high at 0.17461.  This morning, a new weekly Shiba Inu price high was formed at the 0.00002684 level.  Dogecoin chart analysis This morning,

BNB Targets $645 Following Breakout to $628.7 Quick Look: Recent Recovery: BNB experienced a slight recovery after a period of higher lows and lower highs. Consolidation Breakout: BNB broke out from a two-month consolidation, reaching $628.7. Key Levels: Maintaining above $620 is crucial; support

ApeCoin and Akita Inu: support for ApeCoin at 1,280 level The price of ApeCoin yesterday formed a new weekly high at the 1,332 level. The price of the Akita Inu was pulling back to the support level at 0.0000001820 yesterday.  ApeCoin chart analysis The

SafeMoon and Litecoin: Litecoin drops to support at $85,90 SafeMoon price re-visited the weekly low yesterday at the 0.00004866 level. Litecoin’s price is slowly moving away from yesterday’s high of $89.63.  SafeMoon chart analysis SafeMoon price re-visited the weekly low yesterday at the 0.00004866

Solana and Cardano: Cardano loses ground below 0.480 level On Tuesday, the price of Solana retreated from $187.00 to $174.35.  Yesterday, we saw Cardana’s price confirmation of a weekly high at 0.511 level.  Solana chart analysis On Tuesday, the price of Solana retreated from

EURUSD and GBPUSD: EURUSD pulls back below 1.08500 level Since the beginning of the week, the EURUSD pair has been in a bearish consolidation.  After a three-day lateral consolidation above the 1.27000 level, GBUPSD made a bullish move to the 1.27614 level

Oil and Natural Gas: Oil is falling below the $77.50 today The oil price continues to stumble today, forming a new weekly low at the $77.32 level.  The natural gas market, another crucial player in the energy sector, saw an increase in

Gold and silver: the price of gold finds support at $2410 The price of gold is in retreat after Monday’s jump to the $2450 level.   The price of silver slowed down after jumping to $32.51 on Monday.  Gold chart analysis The price of gold

The dollar index is approaching the EMA200 at 104.80 level The dollar index has demonstrated remarkable stability since the beginning of the week, maintaining a position above the 104.50 level. Dollar Index chart analysis The dollar index has demonstrated remarkable stability since the

Solana Eyes $200 Rebound Amidst Institutional Inflows Quick Look: Institutional Support: Solana has seen $11.1 million in institutional inflows, making it the second most preferred altcoin after Chainlink. Price Dynamics: Trading around $180, Solana’s next resistance is $191, with potential support at $200