Nvidia, Boeing & Splunk: Here’s What’s Shaking Up the Premarket

Nvidia, Boeing & Splunk: Here’s What’s Shaking Up the Premarket

Nvidia Steals the Spotlight  Nvidia with a 7% bump after a stellar quarter that surpassed Wall Street’s predictions, it’s no wonder investors are buzzing. Plus, they’re not just looking good now; they’ve got their eyes on the horizon, forecasting a whopping 170% sales leap! Delivering $2.70 per share, they left the $2.09 analysts’ guess in…

Currency Showdown: Can BRICS Shake Up the U.S. Dollar’s Reign

Currency Showdown: Can BRICS Shake Up the U.S. Dollar’s Reign

In a recent rendezvous in Johannesburg, Brazil’s President threw a curveball. He pitched for a collective BRICS trade currency to minimize the dollar’s whimsy dance on their economies. Yep, that’s Luiz Inacio Lula da Silva for you, always mixing it up. Now, why’s Lula batting for this? Simple. If you’re not trading in dollars, why…

Trader who predicted 2008’s financial crisis puts $1.6bn on the stock market collapse by the end of 2023

Trader who predicted 2008’s financial crisis puts $1.6bn on the stock market collapse by the end of 2023

Michael Burry, played by Christian Bale in the movie ‘The Big Short’, is putting his money on another financial disaster. A man who was the subject of the movie “The Big Short “, after he correctly predicted the housing market’s collapse in 2008, indicated that a Wall Street crash would occur before the end of the year….

China is far too large for a collapse of the Soviet Union however, it’s also on unstable foundations

China is far too large for a collapse of the Soviet Union however, it’s also on unstable foundations

As its growth slows, China’s prospects are still being determined. We should be thankful that the changes aren’t sudden,The Chinese economy is experiencing an upswing. Its growth is lagging, and its housing bubble has wholly ruptured. The unemployment rate is increasing.What do you suggest? Every country experiences difficult times where past excesses get caught up…

Japan exports drop for first time since 2021

Japan exports drop for first time since 2021

TOKYO, The exports of Japan decreased in July for the first time in more than two years, brought down by sluggish demand for chip-making and light oil equipment, highlighting concerns over the possibility of a global recession as demands for key markets such as China declines. Japanese exports declined by 0.3 percent in July year-on-year,…

Gold Prices Teeter Ahead of Anticipated FOMC Minutes Release

Gold Prices Teeter Ahead of Anticipated FOMC Minutes Release

The price of gold (XAU/USD) has been battling with the vital support of $1,900 as investors wait for minutes from the Federal Open Market Committee (FOMC) minutes to get guidelines on inflation and the rate of interest at its peak. The precious metal can still get offers from investors since the US Dollar and Treasury…

AUD/JPY Nears 94.10 as Markets Anticipate Australian Jobs Data and Japan’s CPI Release

AUD/JPY Nears 94.10 as Markets Anticipate Australian Jobs Data and Japan’s CPI Release

AUD/JPY traded at a higher level of 94.10 in the early European trading hours on Wednesday. The pair is recovering from the loss recorded on Tuesday, and the resiliency that the Australian Dollar (AUD) is potentially due to the fall in US bonds’ yields. However, China’s declining economic outlook raises fears of a possible decrease…

Dollar Index: More volunteers to support the US dollar – ING

Dollar Index: More volunteers to support the US dollar – ING

The data confirms that the health of the US economy, and the Industrial Production report and FOMC Minutes can only fuel the flame. According to economists from ING, it’s clear that the US Dollar is the clear winner. More volunteers are needed to help the USD. Following an 0.5 % MoM decrease in June, industrial…

Dow rises by more than 100 points following the release of low inflation figures, Disney shares rise Live updates

Dow rises by more than 100 points following the release of low inflation figures, Disney shares rise Live updates

Stocks climbed on Thursday after an important inflation report revealed slightly lower year-over-year inflation than was expected. The Dow Jones Industrial Average gained 131 points, 0.4 per cent. The S&P 500 The index climbed 0.3 per cent, as did the Nasdaq Composite. It gained 0.2 0.2%. The three indexes all gained more than 1% earlier…