Bloomberg reports that new chip curbs on China might be less strict. The rules are set to be released next week by the outgoing Biden administration. Equipment makers like Lam Research and Applied Materials are said to be less affected. NVDA stock rose more than 2% on Friday after falling most of the week. Following a dismal week…
There is some major intrigue around central bank decisions in December and the Bank of Canada will be one of the first ones off the starting blocks on December 11. At the moment, the market is leaning 70/30 in favour of 25 bps rather than 50 bps. But that will swing based on today’s GDP data, which is due…
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The Q2 reading was +2.1% annualized Q/Q reading +0.3% vs +0.5% prior Q/Q implicit price index +0.6% vs +1.1% prior Gov’t spending rose 1.1% in the quarter Household spending rose 0.9% in the quarter Business spending on machinery and equipment decreased 7.8% in the quarter Housing investment +0.8% in the quarter, the first expansion since the third quarter of…
Friday’s session saw NZD/USD rally 0.61% to trade around 0.5930. Price action shows recent gains and a recovery to the 20-day SMA, indicating potential for a reversal. Indicators look promising and approaching positive areas so the pair may see further upside. The NZD/USD pair surged by 0.61% on Friday’s session, continuing the recovery from last week’s lows and reaching…
USD/CAD 10 mins The Canadian economy grew at a 1.0% annualized rate in Q1, which was in-line with forecasts but a further drilling down in the data highlights a troubling trend. GDP was flat in August, then grew just 0.1% in Sepemteber and the advance estimate for October was +0.1%. The slowly pace of growth is further compounded by…
Aussie mildly rose to 0.6510 in Friday’s session. Gains in the Aussie pair are influenced by broad-based US Dollar weakness. Aussie finds support but faces pressure from trade war concerns between China and the US. The AUD/USD pair extends gains for the third straight day on Friday, although it has trimmed a portion of its intraday gains and holds…
AI image, obviously China’s CSI 300 stock index rose as much as 2.3% today before fading to close up 1.1%. It was the second day of gains but it might be based on flimsy evidence. So far, the market has been disappointed by Chinese stimulus but hopes are building for more. A report from earlier this week highlighted the…
Silver posts a 1.33% gain on Friday, yet records a weekly loss of 2.30%. Technical outlook neutral with a potential bullish pivot if Silver clears $31.00 resistance. Downward risk persists if Silver falls below $30.35, targeting next support at $30.00. Silver price advanced on Friday and finished the session with gains of over 1.33%, yet printed losses of 2.30%…
Stock heatmap by FinViz.com Fri, 29 Nov 2024 14:46:11 GMT Sector Overview The stock market presented a mixed bag today, with notable discrepancies between the performance of tech giants and semiconductor stocks. The Technology sector saw varied outcomes. While Microsoft (MSFT) dipped by 0.81%, semiconductor leader Nvidia (NVDA) climbed 0.86%, signaling a shift in investor focus within the sector….