Nvidia stock is trading at six-month lows after a 1.6% decline today. The chart is problematic as it bottomed near $170 three times since November but it’s now broken that support and trading at the worst levels since September. The chipmaker is now testing the September lows, which stretch down to $164. Should that break, we will be at…
The Dow Jones Industrial Average (DJIA) tumbled on Friday, shedding roughly 510 points or 1.1% to fall below 45,500 and officially enter correction territory. The S&P 500 lost around 1%, bringing its decline from its record high to over 8%, while the Nasdaq Composite dropped 1.3% after entering correction territory a day earlier. Friday’s slide capped a fifth consecutive…
The headline story on the weekend is from the Washington Post and it’s titled: ‘Pentagon prepares for weeks of ground operations in Iran’ The headline basically tells the whole story and it signals what the market has been buzzing about since the Japan-based USS Tripoli was deployed to the Middle East on March 13. That ship has now arrived…
DBS Group Research sees South Korea’s March exports remaining in double-digit growth, supported by strong AI and data centre demand, higher memory prices and supply shortages, leading to a wider trade surplus despite rising import costs. CPI is projected around 2.3% year-on-year, above target, prompting government measures including fuel caps, reserve releases, energy-saving campaigns and a KRW 25 trillion…
Prudent to hold interest rates steady and await more clarity on what the Fed should do next Pace and uncertainty of changes around AI have made a lot of Fed officials ‘uneasy’ War, fast changes due to artificial intelligence have again clouded economic outlook Even before oil shock, progress on inflation was at risk of stalling Higher gasoline prices…
GBP/USD holds above 1.3300 as haven bids lift the US Dollar The British Pound (GBP) holds firm during the North American session on Friday, clings above the 1.3300 figure, yet seems poised to finish the week with 0.20% losses against the US Dollar (USD). Risk aversion due to an energy shock caused by the Middle East conflict and the haven appeal of the…
For investors and traders navigating the current volatility, here is a backdrop of what happened over the recent trading sessions, characterized by escalating geopolitical tension and significant market retreats: Those are some important catch-up from investingLive.com and now let’s dive in some interesting angles I see from the prediction markets lately. Prediction Markets Are Starting to Price Time, Not…
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Friday, with AUD/USD extending losses for a fourth straight day as the Greenback remains broadly supported amid ongoing geopolitical tensions in the Middle East. At the time of writing, the pair is trading around 0.6866, slipping to fresh two-month lows. The US Dollar continues to draw support…
From Jennifer Jacobs at CBS News: The Iranian response to the U.S. peace proposal is expected later today, sources familiar with the matter told Marg Brennan and me. President Trump and top White House officials have been told that Iran’s counter-proposal would likely arrive Friday via interlocutors. It will be interesting to see if this gets published. I wonder…
Societe Generale’s Kunal Kundu analyses how the Iran conflict exposes India’s macro vulnerabilities through imported energy dependence and trade route risks. Kundu highlights broad spillovers from higher Oil and gas prices into the consumption basket and external balances. He argues for a calibrated fiscal–monetary mix, with the central bank treating inflation as transitory and targeted government support for households….
