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Nvidia’s Stellar Forecast Sparks Market Frenzy: A Surge Beyond Expectations!

Market Update - Daniel Ang The Accidental Trader Traders Academy International 13

In a stunning after-hour reveal, Nvidia’s latest earnings report sent shockwaves through the financial markets, forecasting a jaw-dropping 233% jump in quarterly revenue that not only shatters estimates but cements its dominance in the AI chip sector. Top 3 Key Points: In a groundbreaking after-hours trading session on Thursday, February 22, 2024, Nvidia unveiled its […]

Market Turbulence Ahead? Nvidia’s Plunge and Global FX Shakes Stir the Pot!

Daily Market Update - (Daniel Ang)

Wall Street witnessed a notable retreat, led by a downturn in tech giant Nvidia amidst anticipations for its earnings report. Meanwhile, Walmart’s resilience offered some buffer to the Dow’s descent, painting a mixed picture for investors eyeing the latest in foreign exchange fluctuations and commodities market adjustments. Top 3 Key Points: In a session marked […]

Currency Clash and Rate Cut Roulette: Navigating the Global Financial Tempest

Forex traders (foreign exchange traders) anticipate changes in currency prices and take trading positions in currency pairs on the foreign exchange market to profit from a change in currency demand. They can execute trades for financial institutions, on behalf of clients, or as individual investors.

China’s unexpected deep cut in the five-year loan prime rate marks a strategic shift in monetary policy, aiming to stimulate economic growth. Nomura analysts revise forecasts, predicting phased rate cuts throughout 2024 to support domestic demand and ensure financial stability, reflecting a nuanced approach to navigating global economic tensions. Key Highlights: Asian Currencies Brace for […]

Wall Street Retreats on Inflation Fears and Fed Rate Cut Hopes Dampened

Market Update - Daniel Ang The Accidental Trader Traders Academy International 2

Wall Street ended its winning streak due to unexpected high producer prices in January, hinting at inflation fears and reducing hopes for imminent Fed rate cuts. Major indices like the S&P 500, Nasdaq, and Dow fell. The Dollar strengthened against major currencies, while commodities and cryptocurrencies saw mixed movements. Investors await the Fed meeting minutes […]

Nvidia’s Earnings Spotlight Amid Inflation Concerns and Global Market Movements

Market Update - Daniel Ang The Accidental Trader Traders Academy International 3

The financial landscape begins the week on a subdued note, with U.S. markets pausing for Presidents’ Day. Amidst this quiet, Nvidia emerges as a focal point, anticipating its quarterly earnings report on Wednesday. This week also brings attention to key purchasing managers’ index readings from Germany, the Eurozone, the U.K., and the U.S., providing insights […]