Nvidia shares extended their record slump in early Wednesday trading following reports that the chipmaker is part of an antitrust probe into the semiconductor sector by the Department of Justice. Bloomberg News reported that Nvidia (NVDA) , Read more…
Check back for updates throughout the trading day U.S. equity futures extended their September slump Wednesday, while market volatility gauges surged higher, as a pullback in risk sentiment, and a big rotation out of tech Read more…
In July, Eurozone PPI rose 0.8% mom, surpassing expectations of 0.3% mom increase. On a yearly basis, however, PPI was down by -2.1% yoy, though better than the expected -2.5% yoy decline. Energy costs were Read more…
UK services sector continued its expansion in August, with the PMI Services index finalized at 53.7, up from 52.5 in July, marking the 10th consecutive month of growth. PMI Composite also showed improvement, climbing to Read more…
US 100 index drops, reversing the August rally Nvidia woes keep sentiment negative Momentum indicators are turning bearish The US 100 cash index is in the red again today, trading back below the 100-day simple Read more…
USDJPY drifts back below 147.00 area; tests support trendline Technical picture signals bearish trend continuation USDJPY was unable to maintain its strength on Tuesday despite briefly surpassing the 147.00 level, as the 20-day exponential moving average (EMA) caused a Read more…
The USD/JPY pair has slightly increased, rising to 145.95 on Wednesday morning. This movement marks a rebound from two-week lows, though it is still early to suggest a significant reversal in the trend due to Read more…
Eurozone’s services sector showed improved growth in August, with PMI Services index rising to 52.9 from July’s 51.9, while the PMI Composite increased to 51.0 from 50.2. Both readings marked three-month highs, signaling a strengthening Read more…
Gold eases beneath near-term SMAs Stochastics post positive divergence MACD strengthens bearish momentum Gold prices have been developing within a trading range of 2,470 to 2,528 since August 16 with mid-level the 2,507 resistance, which Read more…
Markets US equities went into a tailspin yesterday. The tech-heavy Nasdaq underperformed, racking up losses of 3.26%. Europe’s EuroStoxx50 (-1.22%) painted the perfect bearish engulfer. Volatility spiked with the Vix index jumping to the highest Read more…