This year has been remarkable for Nvidia (NASDAQ: NVDA) investors, with the company's shares surging more than 91%. The stock's momentum might receive a further boost when Nvidia announces its first-quarter fiscal 2025 earnings on Wednesday, May 22. Nvidia is set to release its quarterly report amid favorable trends in the artificial intelligence (AI)...
Earnings Outlook: Analysts are projecting earnings of $2.64 per share, a slight dip of 1.5% compared to the previous year and with revenues estimated to be around $21.38 billion, marking a 13.6% decrease year-over-year, there are certainly some intriguing dynamics at play. ------------------------------------------------------------------------------------- I'm...
While Most people may see Boeing Company (NYSE: BA) as an opportunity to buy at 176.22 - Given the recent whistleblower allegations regarding cost-cutting measures on Boeing's planes, and the potential impact on earnings, I've decided to sell my position at the support level of $176.22.
I have my Sell Limit Set at 1927.10 (Entry - 1927.58 - 1924.28 Fair Value Gap) . My Stop Loss at 1934.55 . My take Profit @ 1902.99 Risk : Reward - 1 : 3.33
I am looking to take ashort position @ 1.21295 with my Take Profit @ 1.19374 and my Stop Loss @ 1.21856
Investors are eagerly anticipating the release of the minutes from the Federal Reserve's last meeting, scheduled for today. The market is looking for insight into the Fed's perspective on the potential trajectory of interest rates, particularly in light of Chair Powell's recent comments indicating a less aggressive stance. With the US earnings season winding down,...
Investors are eagerly anticipating the release of the minutes from the Federal Reserve's last meeting, scheduled for later today. The market is looking for insight into the Fed's perspective on the potential trajectory of interest rates, particularly in light of Chair Powell's recent comments indicating a less aggressive stance. With the US earnings season winding...
As Britain's election campaign kicks off, the British pound fell below $1.2, close to a four-year low. This is partly due to concerns about the UK's economic outlook. As a result of Johnson's resignation as prime minister, ten Tory MPs have announced their intent to become the next premier, including former chancellor of Exchequer Rishi Sunak. A recession risk has...
In response to fears that the energy crisis will throw Europe into recession and restrict ECB's ability to tighten monetary policy, the Euro dropped as low as $1.01 for the first time in over 20 years. On July 11, Nord Stream 1, the key gas pipeline, began annual maintenance. Flows are expected to stop for 10 days, but concerns linger that supply might not recover...
Tuesday, July 12th, the Australian Dollar Japanese Yen traded at 92.2320, down 0.3080 or 0.33 percent from the previous trading session. Based on AUDJPY's performance over the last four weeks, it has lost 0.90 percent. There has been an increase of 12.06 percent in its price over the past 12 months. By the end of this quarter, I forecast that the Australian Dollar...
Despite stabilizing around $0.695, the Australian dollar remains under pressure as a sign of global recession due to aggressive monetary tightening drags on commodity prices and related assets. Furthermore, Australian 10-year yields hovered near eight-year highs above 4%, providing some support to the currency. A 50 basis point rate hike by the Reserve Bank of...
The price of bitcoin has stabilized since the May 12 crash and has remained relatively flat, macro-wise. This consolidation could lead to BTC making a move that will shock investors as a result of volatility. In fact, I believe we are going long.
NB: Will publish Fundamental Analysis Tomorrow. So folow to be notified when I publish what I think Will happen to USDZAR
XABCD Pattern forming, just waiting for the D to form and then you can find a good spot to place new positions.
Should UK inflation data come in weaker than expected on Wednesday, the EUR/GBP is well positioned to rally in the week ahead. If eurozone inflation or activity data is stronger than expected, it will reinforce the view that tighter Eurozone monetary policy is on the horizon, while weaker than predicted figures will be written off as aberrations.
1.1800 is a stumbling block for EURUSD. After Powell delivered his much anticipated speech in Jackson Hole, the market witnessed a late Friday surge, but the message wasn't encouraging relative to the hawkish Fedspeak heading into Powell's remarks. The USD fell victim to a typical "buy the rumor, sell the fact" type of trade, sending EUR/USD to its highest level...