Nvidia delivered the goods when it came to its earnings report for the last quarter. It reported another quarter of record-breaking revenue, up 18% from a year earlier at $26bn. Data centre revenue is, once again, the jewel in the crown for Nvidia. Revenues in this part of the business were also higher by 23%
Month: May 2024
The EURUSD has moved to new lows in the last hour of trading. The move lower has taken the price within a couple of pips of the key 100-day moving average 1.08156. Risk-focused traders are stepping in against that moving average level on the first look, hoping for a bounce back to the upside. If
The USD moved higher today with the major indices vs the USD moving up with yields. The Fed minute from the early May meeting were viewed as more hawkish with the Fed saying that it will take longer than anticipated to gain greater confidence in the inflation fall. Although there were thoughts that the comments
Oil prices fell more than 1% on Wednesday, retreating for a third straight day on expectations that U.S. interest rate cuts might be deferred due to sustained inflation, potentially affecting demand in the world’s largest oil user. The market also slipped as U.S. crude oil and gasoline inventories rose last week, according to market sources
Sterling climbed broadly today after data showed that UK disinflation progress was slower than anticipated, with services inflation remaining persistently high. This development dashed hopes for an imminent rate cut by BoE, causing the odds of a rate cut in June to plummet from around 50% to below 20%. Despite this, the notable declines in
The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023. Valerie Plesch | Bloomberg | Getty Images Federal Reserve officials appear to have “no idea” what is happening when it comes to the inflation picture in the U.S., according to Julian Howard, lead investment director of
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. U.S. stocks are little changed Wednesday as Wall Street awaits Nvidia’s highly anticipated earnings report after the closing bell. Some investors believe the leading artificial intelligence chip maker’s forthcoming results
The US Dollar trades flat ahead of the release of Nvidia earnings and the Fed Minutes. Volatility around the Greenback could pick up with plenty of economic data points on Thursday. The US Dollar Index trades in a tight range, respecting nearby support and resistance levels. The US Dollar (USD) is drifting as markets await
Fundamental Overview The USD has been generally under pressure since the benign US CPI report last week as the hawkish expectations subsided and the market switched its focus from inflation back to growth. This triggered a positive risk sentiment which is generally negative for the greenback and benefited the other major currencies. The EUR, on
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Sustaining near its all-time high levels, June gold futures opened flat on Wednesday at Rs 73,930 per 10 gram, down by Rs 91 or 0.12%, while silver July contracts were down by Rs 419 or 0.44% at Rs 94,306/ kg.Gold stayed near its record high for the second day as traders awaited signals on US
New Zealand Dollar surged sharply higher following RBNZ’s unexpectedly hawkish rate decision. While OCR was left unchanged, the central bank signaled the increased possibility of another rate hike this year and delayed projected timing of the first rate cut to the second half of 2025. However, Kiwi quickly gave back some of its gains after
In this article M Follow your favorite stocksCREATE FREE ACCOUNT The Macy’s company logo is seen at the Macy’s store on Herald Square on January 19, 2024 in New York City. Macy’s department-store chain announced that they will be laying off roughly 2,350 employees which is about 3.5% of their workforce. The company says that
Silver is up 0.47%, just below Monday’s eight-year high of $32.51. Strong upward momentum continues; RSI suggests further gains possible despite overbought conditions. Resistance levels at $32.51, $33.00, and October 2012 high of $35.40. Supports at May 20 low of $30.95, April 12 high of $29.79, and $28.00 psychological level. Silver’s price advanced 0.47% on
The USDCHF has had its upsa and downs today (and this week), with the buyers now making a play after holding support at the 100 bar MA on the 4-hour chart at session lows today. The ability to hold that support and them push above the 50% retracement of the May trading range, has given
For the second consecutive day, there were no economic releases in the US. Instead, Fedspeak was the only fundamental influence and even so, what was said, was not all that different from prior Fed officials At the end of the day five of the seven major currency pairs – the EURUSD, GBPUSD, USDCHF, AUDUSD and
Oil prices dropped by more than $1 on Tuesday, extending losses on the potential for lingering U.S. inflation to keep interest rates higher for longer, depressing consumer and industrial demand. Brent crude futures fell by $1.54, or 1.8%, to $82.17 a barrel by 1210 GMT. U.S. West Texas Intermediate crude (WTI) futures for June, which
Canadian Dollar sees a broad decline in early US session due to growing speculation about rate cut by BoC in the near future. April’s headline CPI slowed as expected, despite a significant increase in gasoline prices. Core inflation measures also showed more progress in disinflation than anticipated. While it remains uncertain if this progress will
- « Previous Page
- 1
- …
- 5
- 6
- 7
- 8
- 9
- …
- 22
- Next Page »