Global Market Turmoil: Nvidia’s Plunge Sparks AI Concerns Amid DOJ Antitrust Probe Asian stocks tumbled, tracking the sharp decline in US markets, as Nvidia’s 9.5% plunge erased $279 billion in market value, leading chipmakers like TSMC and SK Hynix to drop over 4%. The risk-off sentiment was fueled by concerns over AI and soft US […]

Fed policymakers agree on need for rate cuts, but their reasons vary As recently as two and a half months ago, most U.S. central bankers didn’t see an interest rate cut in the cards at their Sept. 17-18 meeting. By the end of last month, when Federal Reserve Chair Jerome Powell said it was time […]

Asian Markets Slip as Investors Eye Key U.S. Economic Data and Fed Rate Decisions Asian stocks fell, with markets turning risk-averse ahead of key US economic data later this week that may influence Federal Reserve rate cut decisions. The dollar and yen strengthened against other currencies, while US equity futures dropped ahead of Wall Street’s […]

Dollar Rises to Two-Week High as Fed Rate Cut Bets Ease Ahead of U.S. Jobs Report The dollar climbed to a two-week high against the euro on Monday as traders reduced bets on aggressive rate cuts by the Federal Reserve, focusing instead on the upcoming U.S. jobs report. The dollar’s strength was supported by a […]

Major Currency Pairs Remain Neutral as Markets Await Key Economic Data The GBPUSD, USDJPY, and USDCHF started the final trading day of the week in a neutral position, hovering between their 100-hour and 200-hour moving averages. This technical standoff is likely to persist until key economic reports provide direction. As the day unfolds, traders are […]

Dollar Steadies Ahead of Key U.S. Inflation Data, Traders Eye Fed’s Next Move The US dollar stabilized on Thursday, recovering from recent losses as traders focus on the upcoming core personal consumption expenditures (PCE) price index release, the Federal Reserve’s preferred inflation gauge. The PCE data, due Friday, could provide crucial insights into future rate […]

Asian Markets Decline Amid Weak Chinese Earnings and Anticipation for Nvidia Results Asian stocks fell, led by declines in Chinese markets, as disappointing corporate earnings raised concerns about China’s economic outlook. Nongfu Spring Co. shares plummeted after reporting its slowest profit growth in four years. Investors are also cautious ahead of Nvidia’s earnings, which are […]

Asian Stocks Retreat as Tech Earnings and US Rate Outlook Weigh on Sentiment Asian stocks ended a three-day winning streak, with technology shares leading the decline as investors focused on corporate earnings and the upcoming Nvidia results. The MSCI Asia Pacific Index fell 0.4%, with notable losses in Hong Kong, mainland China, and South Korea. […]

Oil Prices Surge on Middle East Tensions and U.S. Rate Cut Hopes On Monday, oil prices continued to rise due to concerns that escalating violence from the Gaza conflict might impact oil supplies in the Middle East. Additionally, anticipated cuts in U.S. interest rates improved global economic prospects and increased expectations for fuel demand. In […]

Yen Strengthens as BOJ Signals Rate Hike Path; Asian Stocks Mixed Ahead of Powell’s Speech The yen led gains among G-10 currencies, rising 0.5% to 145.62 per dollar after Bank of Japan Governor Kazuo Ueda indicated possible further interest rate hikes if economic conditions align. Japanese bond futures fell, and stocks fluctuated as traders assessed […]