#MarketNews
โ๏ธ Happy Tuesday, dear traders! Letโs discuss the most exciting news for the beginning of the week:
โก๏ธ The ECB, led by Christine Lagarde, needs more time to assess inflation uncertainties. June's 2.5% inflation data were insufficient for decisions on interest rates.
๐ฌ Japan's economy is forecasted to shrink in 2024, with GDP revised to -2.9% in Q1, leading BNP Paribas to predict a -0.4% contraction and SMBC Nikko Securities a -0.3% contraction.
๐ฆ๐บ The RBA minutes show an August rate hike is possible, with the key rate at 4.35% and inflation at 4% in May, despite household financial stress.
๐ณ๐ฟ Weak New Zealand business confidence, with 44% of firms pessimistic and a 28% decline in trading, adds pressure on the central bank to cut the 5.5% interest rate sooner.
๐ Tesla is expected to report a 5.8% drop in quarterly deliveries to 439,302 vehicles. The company is facing a prolonged sales slump due to an older lineup and widespread staff cuts. Tesla (#TESLA) shares are up 6.05%.
๐ข Oil trades near a two-month high, with Brent crude at $86.80 per barrel, driven by rising summer demand and potential disruptions from Hurricane Beryl.
โ๏ธ Airbus deliveries rose 2% in the first half of the year to approximately 323 planes despite supply chain issues. Airbus (#AIR) stock is up 2.64%.
๐ Nvidia is set to face antitrust charges from the French regulator for alleged anti-competitive practices, which could lead to fines of up to 10% of its global annual turnover. Nvidia (#NVIDIA) stock is up 0.62%.
That's it for today, guys! Click on๐ if you liked our review, and see you soon!
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๐ข Oil trades near a two-month high, with Brent crude at $86.80 per barrel, driven by rising summer demand and potential disruptions from Hurricane Beryl.
That's it for today, guys! Click on
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#MarketNews
๐ Good morning, dear traders! How are you? Letโs discuss the most exciting news for the beginning of the week.
โ๏ธ The US dollar slipped 0.1% after President Joe Biden announced he would not seek reelection in 2024 and endorsed Vice President Kamala Harris.
๐จ๐ณ China enacted unexpected interest rate cuts to bolster economic growth following a major Communist Party meeting that left investors wanting more immediate stimulus measures.
๐ณ๐ฟ New Zealand's inflation slowed to 3.4% in the second quarter, below the Reserve Bank's 3.6% forecast, potentially setting the stage for upcoming interest rate cuts. NZDUSD trades at 0.5998
๐ฏ๐ต Hedge funds reduced their short bets on the yen by 38,025 contracts, the most considerable reduction in over a decade, after Japan's suspected interventions to boost the currency. USDJPY is trading at 156.68
๐ฅ Gold imports to China plummeted nearly 60% to 58.9 tons last month, marking the lowest level since May 2022, as elevated prices deterred the world's largest bullion consumer amidst the economic slowdown.
๐ฑ Vodafone has sold an additional 10% stake in Vantage Towers to Oak Holdings for 1.3 billion euros, reducing its effective ownership to 44.7% and furthering its strategy to decrease debt. #VOD stock is down 0.55%
๐ Volkswagen and Xpeng have partnered to develop a new EV architecture, planning to begin production in two years and launch two Volkswagen-branded EV models by 2026. #VOW shares rise 0.52%
๐ NVIDIA is developing a new flagship AI chip, the "B20," for the Chinese market. It is adhering to US export restrictions and collaborating with its major Chinese distributor. #NVIDIA shares fell 2.61%.
That's it for today, guys! Click on๐ if you liked our review, and see you soon!
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#MarketNews
๐ค Happy Thursday, dear traders! Let's check the news moving the financial markets today:
๐ #NVIDIA stock dropped to 8.4% after disappointing forecasts and production issues with its Blackwell chips. This was despite Q2 revenue of $30 billion, surpassing analyst estimates of $28.9 billion.
๐จ๐ณ China's 5% growth target is increasingly doubtful as UBS, JPMorgan, and Nomura cut their GDP forecasts below 5%, citing a property slump and weakened consumer spending.
๐ European car sales stagnated in July as electric vehicle demand plummeted 37% in Germany, the region's largest market. This contributed to just a 0.4% overall increase in new-car registrations.
๐ฐ Berkshire Hathaway became the first US company outside the tech sector to surpass $1 trillion in market value, with its shares rising 30% in 2024, outpacing the S&P 500's 17% gain.
๐ข Oil prices increased, with Brent rising to $78.80 a barrel, as concerns over Libyan supply disruptions, which could affect up to 1 million barrels per day, offset a smaller-than-expected US crude inventory draw of 846,000 barrels.
๐ณ๐ฟ New Zealand business confidence surged to a 10-year high in August, boosting the Kiwi dollar, as the central bank's rate cuts fueled optimism.
๐ Amazon has secured approval to purchase land in New Zealand for its Project Kuiper, which aims to deliver the Internet via a constellation of over 3,000 low-earth orbit satellites. #AMAZON shares are down 1.34%.
๐ According to a Nikkei report, Apple has ordered components for over 10% more iPhones than last year, betting on AI-driven sales growth ahead of the iPhone 16 launch. #APPLE stock is down 0.68%.
That's it for today, guys! Click on๐ if you liked our review, and see you soon!
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๐ข Oil prices increased, with Brent rising to $78.80 a barrel, as concerns over Libyan supply disruptions, which could affect up to 1 million barrels per day, offset a smaller-than-expected US crude inventory draw of 846,000 barrels.
That's it for today, guys! Click on
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#MarketNews
โ๏ธ Happy Wednesday, dear traders! Today, September 4, we're bringing you the day's most thrilling news highlights:
โ๏ธ High interest rates expose global risks in regional banks, with smaller lenders holding $37.4 trillion in assets facing increased instability from commercial real estate and weak risk management.
๐ช๐บ The European Central Bank's restrictive policy risks harming Europe's economy, with inflation at a 3-year low of 3% and rates near 3%.
๐จ๐ณ China's services PMI fell to 51.6 in August, missing estimates and signaling slower expansion. This adds to concerns about the economy's weakening recovery.
๐ฌ According to a Citigroup survey, the transition to T+1 settlement in US markets has proven more challenging than expected. Thirty-three percent of related projects are still pending, and asset managers face increased funding costs.
๐ข Wall Street's 2025 oil forecasts worsen, with Brent prices expected to fall below $80 and some predicting a drop to $60 due to weak demand from China and oversupply.
๐ #NVIDIA experienced a record $279 billion loss in market value as its shares dropped 9.5%, driven by declining investor confidence in AI and a broad market selloff following weak economic data.
๐ Volkswagen faces significant worker unrest over plans to close factories in Germany, potentially affecting 300,000 workers, and cut costs amid a market value drop to below โฌ60 billion. #VOW shares fell 0.49%.
๐ฎ Sony is shutting down its $40 million big-budget game Concord just two weeks after release, offering full refunds after the game failed to gain traction. #SONY stock is down 2.13%.
That's it for today, guys! Click onโค๏ธ if you liked our review, and see you soon!
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๐ข Wall Street's 2025 oil forecasts worsen, with Brent prices expected to fall below $80 and some predicting a drop to $60 due to weak demand from China and oversupply.
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#MarketNews
โ๏ธ Happy Friday, dear traders! Look at the major news on this week's last trading session!
โ๏ธ Major banks are split on Fed cuts, with Goldman Sachs predicting quarter-point reductions through June 2025, JPMorgan expecting a 0.5% cut in November, and traders pricing in 2% by September 2024.
๐จ๐ณ China is considering easing homebuying restrictions, including for non-locals, to boost its $5.4 trillion housing market as the CSI 300 Index has fallen 7% this year.
๐ฌ๐ง The British pound reached its highest point since March 2022 after the Bank of England kept its key interest rate at 5%.
๐ฉ๐ช Germany's economy is expected to resume growth at the end of 2024. Static growth is forecast for Q3 and 0.2% growth in Q4, lagging behind the eurozone's projected 0.3% growth.
๐ #NIKE replaced its CEO, offering a $1.5 million base salary and potential 200% bonuses. As a result, shares jumped 7% despite a 25% stock drop this year.
๐ Nvidia and G42 are creating a climate tech lab using Nvidia's Earth-2 system, leveraging 100+ petabytes of data. G42 is backed by a $1.5 billion Microsoft investment. #NVIDIA shares are up 3.97%.
๐ช Goldman Sachs' breakup with Apple could cost the bank between $500 million and $4 billion, potentially forcing Goldman to eliminate one of its three business lines. #GS stock is up 3.97%.
๐ฆ FedEx (#FDX) reported Q1 earnings of $3.60 per share and revenue of $21.6 billion, falling short of analysts' forecasts of $4.86 per share and $21.96 billion in revenue.
That's it for today, guys! Click onโค๏ธ if you liked our review, and see you soon!
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#TradeIdea
๐ ๐ผ โซ โฌ๏ธ Nvidia Alert!
In the Daily timeframe, #NVIDIA reached the trend line after the correction, and on the Alligator, the lips crossed the jaw. The up-trend line on RSI has been broken, making growth possible.
๐ผ Trade: Buy NVIDIA on a breakout above 125.0 and trendline;
๐ฏ TP: 140.0;
โก๏ธ Start Trading with FBS
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In the Daily timeframe, #NVIDIA reached the trend line after the correction, and on the Alligator, the lips crossed the jaw. The up-trend line on RSI has been broken, making growth possible.
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Thatโs it for today, guys! Click on
#MarketNews
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FBS Analytics
#TradeIdea ๐ ๐ผ โซ โฌ๏ธ Nvidia Alert! In the Daily timeframe, #NVIDIA reached the trend line after the correction, and on the Alligator, the lips crossed the jaw. The up-trend line on RSI has been broken, making growth possible. ๐ผ Trade: Buy NVIDIA on a breakoutโฆ
#Forecast
Click
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#MarketNews
๐ Good morning, dear traders! How are you? Letโs discuss the most exciting news for the beginning of the week.
โ๏ธ Goldman Sachs forecasts gold will hit $3,000 per ounce by December 2025, driven by central bank demand, ETF inflows, and Fed rate cuts. Current spot gold is at $2,584 after peaking above $2,790 last month.
๐ฅ #NVIDIA is set to shake the markets this week with an expected 85% year-on-year profit surge to $0.74 per share and an 81.1% revenue jump to $32.8 billion, reinforcing its dominance in AI chip technology.
๐ #WALMART is leveraging AI, including generative models, to enhance online sales this Black Friday, improving 850 million catalog data points and streamlining processes with nearly 100x less staff required for similar tasks.
๐ฃ #ALIBABA plans to issue up to $5 billion in dollar and yuan bonds with maturities ranging from 3.5 to 30 years to refinance offshore debt and fund its share buyback program.
๐ CALENDAR FOR TODAY - 2024.11.18
๐ฅ Monday:
๐ช๐บ ECB President Lagarde Speaks - 20:30 GMT+2
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#NVIDIA will report today after the markets close, and traders brace for a potential $300 billion stock swing due to uncertainty over Blackwell chip production. According to BofA, Nvidia's earnings are a key market driver, with greater short-term impact than Federal Reserve or US employment data!
#Forecast
Hit
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#MarketNews
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Despite the short-term decline, Nvidia is doing well and sales are growing, so a short-term rebound may well be considered.
#Forecast
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๐จ๐ญ SNB Chairman Schlegel Speaks โ 11:00 GMT
๐จ๐ฆ Core Retail Sales m/m -0.1% (Forecast: 0.2%) โ 15:30 GMT
๐จ๐ฆ Retail Sales m/m -0.4% (Forecast: -0.6%) โ 15:30 GMT
Thatโs it for today, guys! Click on
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#MarketNews
Guys, don't forget to put
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โฝ๏ธ Traders are already betting European gas could surge to โฌ50/MWh next summer โ about 60% above current levels near โฌ32 โ with volatility easing and US natural gas futures at $2.79 today.
#MarketNews
๐ช๐บ German Flash Manufacturing PMI โ 10:30 GMT+3
๐ช๐บ German Flash Services PMI โ 10:30 GMT+3
๐ฌ๐ง Flash Manufacturing PMI โ 11:30 GMT+3
๐ฌ๐ง Flash Services PMI โ 11:30 GMT+3
๐บ๐ธ Flash Manufacturing PMI โ 16:45 GMT+3
๐บ๐ธ Flash Services PMI โ 16:45 GMT+3
๐บ๐ธ Fed Chair Powell Speaks โ 19:35 GMT+3
๐จ๐ฆ BOC Gov Macklem Speaks โ 21:15 GMT+3
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#Forecast
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