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Tuesday, September 3, 2024

American Market Recap: The drop in Nvidia shares today is the largest-ever destruction of market cap

The drop in Nvidia shares today is the largest-ever destruction of market cap

Shares of Nvidia fell 9.5% today as the market frets about slowing progress in AI. There were worries last week after earnings but shares of Nvidia steadied after nearly a dozen price target boosts fr... 

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Some signs of a better risk mood but not in stock markets

Time is ticking down on US equity trading today but there are some signs of slightly better risk appetite elsewhere. Bitcoin held the earlier lows and is now at the best levels of the US afternoon. BT... 

NZDUSD falls helped by risk-off,commodity selling, slower growth.What about the technical?

The NZDUSD is trading to new lows as traders react today to risk-off sentiment as stocks/commodities slide. Concerns about growth in the US and CHna iare weighing on the pair. Recall from last week, t... 

What's priced in for the Federal Reserve at the start of September

That line from Federal Reserve Chairman Powell, uttered at Jackson Hole looms large in market pricing this week and going forward. The takeaway is that they don't want to see unemployment rise meaning... 

USDJPY bounces off the 200 hour MA and 100 hour MA too

The USDJPY is bouncing after starting the US session with a move below 100 hour MA and 50% retracement of the August range when both were near 145.53. The momentum continued down to the 200-hour MA n... 

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Latest Forex Orders

FX option expiries for 3 September 10am New York cut

There are a couple to take note of, as highlighted in bold . The first being for EUR/USD at the 1.1050 mark. And that could perhaps limit price action and make things a bit stickier in the session ahe... 

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