XM does not provide services to residents of the United States of America.
N
N

Nvidia


XM Research

Market Comment – Fed’s Waller fuels the dollar, yen intervention warnings intensify

Fed Gov. Waller says no rush to lower rates June rate cut probability declines, dollar gains Yen recovers on stronger intervention warnings Wall Street and gold trade north Dollar gains as Waller signals patience The US dollar finished Wednesday slightly higher against all but one of its major peers and continues to trade on the front foot on Thursday as well.
G
U
U
N

Market Comment – Dollar rises as Fed enters spotlight, yen plummets

US dollar gains as traders brace for hawkish Fed Yen tumbles despite BoJ’s historic decision Loonie slides on cooler than expected Canadian inflation Wall Street gains ahead of Fed, oil extends advance Will the Fed revise its dot plot higher? The US dollar traded higher against its major counterparts yesterday, gaining the most versus the yen, the kiwi and the loonie in that order.
U
O
G
U
U
N

Market Comment – Yen stays on the backfoot despite BoJ rate hike speculation

Wage data drives up bets of BoJ rate hike on Tuesday but yen not convinced Weaker yen boosts Nikkei but inflation worries weigh on Wall Street ahead of Fed Dollar steady in calm start to a very busy week but oil unsettled by geopolitics All eyes on BoJ decision as yen slips Intensifying speculation about a potential historic rate hike by the Bank of Japan is dominating the start of the week where the Federal Reserve, as well as central banks in the UK, Switzerland and Australia
U
E
O
A
J
U
N

Market Comment – US PPI and retail sales data enter the limelight

After hot CPI inflation, dollar awaits PPI and retail sales data Yen on the back foot as BoJ March hike bets decrease S&P 500 and Nasdaq pull back, gold rebounds Dollar trades cautiously ahead of US data The US dollar traded lower against most of its major peers yesterday, gaining some ground only against the Swiss franc and staying virtually unchanged against the Japanese yen.
G
U
U
N

Weekly Technical Outlook – USDJPY, GBPUSD, Nvidia

USD/JPY eyes 200-day SMA after dramatic downfall; US CPI next on the calendar GBP/USD resumes bullish outlook as UK jobs data loom Nvidia stock sinks the most in a while. Where next for the AI king?   US CPI inflation --> USD/JPY February saw a jobs growth of 275k in the US, surpassing analysts' expectations. However, a downward revision in previous readings and a rise in the unemployment rate, along with slowing wages, fueled rate cut projections and led to more sellin
U
G
N

Market Comment – Powell still sees rate cuts this year, ECB enters the spotlight

Powell says it may be appropriate to lower rates this year Yen rallies as speculation about BoJ exiting negative rates intensifies BoC appears less dovish than expected, central bank torch goes to ECB Wall Street rebounds, gold hits a new record high Dollar slides as Powell adds to rate cut hopes The US dollar extended its decline against its major peers yesterday, with the commodity-linked currencies aussie, kiwi, and loonie gaining the most.
G
U
U
E
U
N

Market Comment – Gold and equities shine after disappointing US data

Dollar loses steam after soft ISM manufacturing survey But gold and stock markets rally, closing at new records Huge week lies ahead, featuring an ECB decision and US payrolls Dollar retreats on softer data A wave of euphoria swept through global markets last week after a disappointing US manufacturing survey rekindled hopes that lower interest rates are on the horizon, sending investors rushing to buy real assets.
G
U
E
N

Are there more AI growth opportunities to be priced into the markets?

Nvidia skyrockets and drives the S&P 500 to new records Demand for chips continues to surge, AI enters consumers’ life There maybe more AI growth opportunities to be priced in But downside risks on high valuations and geopolitics do exist Nvidia beats already optimistic estimates Just last week, the investor favorite Nvidia beat out Amazon and Alphabet to take the third place as the most valuable company in the US by market capitalization, and although the chipmaker’s
U
A
M
T
A
N

Market Comment – Nvidia supercharges tech rally, euro loses momentum

Stock markets hit new record highs after stellar Nvidia earnings Euro surrenders early gains as German economic gloom intensifies Dollar recovers with help from solid data, risk-linked currencies shine Tech propels stocks to new highs Equity markets rode to new record highs on Thursday, after a stellar earnings report from Nvidia lit a fire under tech shares.
U
E
N

Market Comment – Fed minutes confirm caution about lowering rates

Fed minutes reveal concerns about lowering rates too soon Rate cut bets are pushed back but dollar remains unimpressed Kiwi continues to gain on increasing RBNZ hike speculation Wall Street closes mixed, Nvidia beats earnings estimates Dollar slides further despite hawkish Fed minutes The dollar traded lower against all but one of its major counterparts yesterday, with the New Zealand dollar being once again the main gainer and the Japanese yen the exception.
U
E
G
N
N

Market Comment – Fed minutes and Nvidia earnings in the spotlight

Dollar gets knocked down ahead of FOMC meeting minutes Gold recovers more ground, China-related assets gain after rate cut Nvidia earnings later today will set the tone in stock markets Fed minutes to drive the dollar The US dollar hit an air pocket this week, losing altitude without any clear news catalyst behind the decline. Incoming data continues to point to a US economy that is running hot, with economic growth on track to hit 3% this quarter, a historically tight labor marke
G
U
E
N

Technical Analysis – Nvidia stock consolidates ahead of earnings

Nvidia hovers around its record high of 745.70 Exponential year-to-date rally seems overstretched Stochastics exit but RSI stays in overbought area Nvidia has been surging since the beginning of the year, posting consecutive all-time highs. However, the price seems to be in a consolidation phase in the past few daily sessions as traders are bracing for the upcoming Q4 earnings report on Wednesday.
N

Market Comment – Dollar in wait and see mode, kiwi extends gains

Dollar trades mixed as traders await tomorrow’s Fed minutes Kiwi extends gains on bets that the RBNZ could hike again Aussie remains unimpressed by hawkish RBA minutes China announces biggest ever cut in 5-year LPR Fed minutes the next test for the dollar The US dollar traded mixed against the other major currencies on Monday as US markets remained closed in observance of President’s Day.
U
A
N
U
N

Market Comment – Dollar unable to capitalize on hot inflation prints

US producer prices come in hot, but dollar cannot sustain gains Stock markets take a step back, Nvidia earnings to set the tone Gold recovers recent losses with some help from geopolitics Dollar not impressed The US economy continues to run hot. Incoming data point to solid economic growth, the labor market remains tight, and inflation is not cooling down as quickly as investors had hoped.
G
U
E
N

Market Comment- US retail sales in focus after UK and Japan slip into recession

Goolsbee says Fed is on track even with inflation a bit higher Dollar pulls back, US retail sales enter the limelight Pound wounds deepen as UK economy slips into recession Yen gains on fears of intervention, despite Japan’s downturn Dollar retreats on Goolsbee’s remarks, US retail sales on tap The US dollar pulled back against all but one of its major peers on Wednesday, as traders may have decided to consolidate gains after Tuesday’s hotter-than-expected US inflation
U
U
O
G
N

Magnificent 7 earnings assert dominance, focus shifts to Nvidia – Stock Markets

Magnificent 7 earnings endorse their relentless rally Tesla lags, while Apple shows some signs of weakness Valuations are stretched despite rosy projections   In their own world The so-called Magnificent Seven group comprised of Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla has gone parabolic since early 2023, outperforming the broader US stock market by a wide margin.
A
F
G
M
T
A
N

Technical Analysis – Nvidia goes supernova, hits new record highs

Nvidia shares continue their unstoppable rally Momentum oscillators are at extreme levels Uptrend may encounter some resistance near 730 Nvidia shares have risen more than 41% already this year, extending their rally to reach consecutive record highs. The stock is in a powerful uptrend, although some technical oscillators suggest the latest move is overextended, generating the risk of a pullback.   Specifically, the RSI and the MACD are both at extreme overbought levels, wi
N

Market Comment – Gold struggles as solid US data propel dollar higher

Gold edges lower, dollar shines after another round of rosy US data Australian dollar recovers on RBA decision and China stimulus hopes Shares on Wall Street lose momentum, but remain near record highs Traders recalibrate Fed rate path Another round of encouraging US data prompted traders to further scale back bets on Fed rate cuts, sending the dollar flying higher on Monday.
G
U
E
N

Technical Analysis – Nvidia stock conquers uncharted territories

Nvidia extends rally and hits new all-time high Oscillators point to extremely positive momentum Investors may continue exploring uncharted areas Nvidia’s stock surged on Friday, extending its prevailing rally, and hitting a new record high of around 594. The stock has been climbing north since January 8, when it exited the sideways range between 405 and 505, within which it was trading since mid-May.
N

Market Comment – Dollar resumes recovery, bitcoin awaits ETF decision

Dollar recovers as traders await CPI inflation data Fake SEC message triggers volatility in bitcoin Dow Jones and S&P 500 slide, Nasdaq remains elevated Oil recovers on US inventory drawdown Dollar recovers but March Fed cut probability remains high The US dollar resumed its recovery against all its major counterparts on Tuesday, although it is trading steady on Wednesday.
U
U
B
O
A
N



Conditions

Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.