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Nvidia

XM Research

XM Research - 1 day ago

Market Comment – Market craves dovish Fedspeak as US stocks reach new highs

US stocks rally after Chairman Powell’s comments Focus on key US data today ahead of Thursday’s bank holiday Dovish ECB commentary to keep euro under pressure Dollar/yen rally continues US stocks rally after Powell’s comments The ECB-dominated forum held in Sintra, Portugal, managed to produce market-moving headlines for the Fed.
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XM Research - 1 week ago

Market Comment – Dollar rises to a 38-year high against yen

Dollar rises as investors digest Fed remarks Dollar/yen breaks 160, triggers intervention warnings Wall Street trades in the green, AI still the main driver To cut or not to cut in September? The US dollar traded higher against all its major counterparts on Wednesday, gaining the most ground against the Japanese yen. Today, the greenback is stabilizing or pulling back.
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XM Research - 1 week ago

Nvidia rebounds as investors seem eager to buy the AI dip – Stock Markets

Nvidia erases a significant part of its 3-day slide Investors are bullish as AI keeps delivering earnings Subdued volatility hints low odds of a broader correction   Nvidia’s roller coaster ride moves markets The last few days have been eventful for the US stock market mainly because of Nvidia’s volatile moves. The AI darling lost over $430 billion in market capitalisation in three successive sessions starting from last Thursday, marking the largest three-day loss in the sto
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XM Research - 2 weeks agoNeutral

Nvidia’s stock drifts lower after peaking in the 140 area Technical signals confirm overbought conditions; next support at 126 Long-term outlook positive above 109.85   Nvidia’s stock closed Thursday’s session sharply lower at 130.24 after stretching its record rally to 140.29. There was no serious headwind behind the decline, which feeds speculation that traders probably decided to lock some profits near the 140 psychological mark.
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XM Research - 2 weeks ago

Market Comment – Dollar headed for third weekly gains as stock rally cools

Dollar stands tall after SNB cut and BoE’s dovish hold Yen enters intervention zone as Japan’s underlying inflation falls Euro slips on weak PMIs, US PMIs next in focus Nasdaq tumbles as Nvidia hit by profit taking ahead of triple witching Fed cut hopes not enough to dent the dollar The US dollar looks set to finish the week higher, extending its winning streak to a third week.
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XM Research - 2 weeks ago

Market Comment - Wall Street sets another record after soft US retail sales

Risk appetite buoyed by signs of weakening US consumption Wall Street closes at record highs ahead of US holiday, oil also rallies Pound edges up as services CPI remains sticky despite drop in headline September rate cut hopes get a boost US retail sales fell short of expectations on Tuesday, in another sign that consumers in America have started to rein in their spending.
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XM Research - 2 weeks ago

Market Comment – Euro extends losses on French election jitters

Euro hits 6-week low as risk premium for French debt jumps But equities mixed as selloff eases Trio of central bank decisions eyed Euro rocked by fresh fears of a debt crisis Concerns about the real risk of a far-right government in France continue to dog the euro after they resurfaced towards the end of last week. Having shed more than 1% so far in June, the euro is struggling to hold on to the $1.07 level on Monday and is currently trading at more than six-week lows.
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XM Research - 4 weeks ago

Market Comment – ECB cut awaited as Wall Street sets new record

ECB expected to follow in BoC’s footsteps and cut by 25bps Fed rate cut hopes rise despite upbeat ISM services PMI Dollar mostly steady, stocks surge higher ECB set to deliver this week’s second cut The European Central Bank is on course to become the second central bank in the G7 this week to lower borrowing costs after the Bank of Canada paved the way on Wednesday.
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XM Research - 1 month ago

Market Comment – Sentiment sours after strong US PMIs; stocks slip, dollar climbs

Rate cut expectations take another hit after upbeat PMIs Dollar rises to 10-day high, Nvidia rally unable to lift Wall Street Higher for longer weighs on oil and gold Fed may not cut until after election It’s been a bad week for investors hoping to see a near-term rate cut by the Fed as expectations have been pushed out further towards the end of the year.
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XM Research - 1 month ago

Nvidia set to propel Wall Street to new highs but Fed uncertainty weighs – Stock Markets

Nvidia earnings skyrocket on soaring demand for AI chips Boost could fuel next leg of Wall Street’s rally But Fed’s ‘higher for longer’ stance is a growing headwind The AI effect The Q1 earnings season is almost coming to an end and one of the last big names to report is Nvidia. The chip maker just announced a staggering 461% year-on-year jump in earnings per share for the first fiscal quarter of 2024. Revenue is up an equally impressive 262% as the company struggles to ke
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XM Research - 1 month ago

Market Comment – Dollar benefits from hawkish Fed minutes

Dollar rallies as both gold and bitcoin fall Early UK elections called after mixed UK CPI report EZ PMIs unlikely to stop the ECB from cutting rates in June Dollar rallies on the back of the minutes The Fed minutes showed a much more hawkish discussion at the May 1 meeting than originally portrayed by Chairman Powell. In particular, the comment about the willingness of various participants to tighten policy further should risks to the inflation outlook materialize, contradicts Po
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XM Research - 1 month agoBullish

Technical Analysis – Can Nvidia unlock 1,000 level?

Nvidia’s stock flatlines as FOMC minutes, Q1 earnings eagerly awaited Stock fluctuates within short-term bullish channel; support at 910-920   Nvidia’ stock bounced off its 20-period simple moving average (SMA) in the four-hour chart on Monday with scope to start a new bullish phase, but the 950 zone came to cap the action ahead of the company’s Q1 earnings due later on Wednesday.
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XM Research - 1 month ago

Market Comment – Dollar under pressure as Fed speakers multiply

FOMC minutes in the spotlight today Mixed UK CPI probably keeps the door closed to a June move RBNZ surprises with its hawkishness; kiwi benefits Nvidia reports after the US market close Dollar remains on the back foot The quieter data calendar has turned the market’s attention to the plethora of Fed speakers eager to express their opinions ahead of the next blackout period.
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XM Research - 1 month ago

Key notes ahead of Nvidia’s Q1 2025 earnings - Stock Markets

Nvidia’s Q1 2025 earnings to be announced on Wednesday after the market closes Analysts expect triple-digit earnings growth as Nvidia dominates AI industry Profitability metrics, forward guidance, and spending plans will be closely watched Nvidia might initiate another bull run if it renews AI optimism     AI buzzword fails to boost stocks this season More than 80% of businesses have already reported their earnings, presenting better-than-expected statements and a rosy guidance f
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XM Research - 3 months ago

Market Comment – Fed’s Waller fuels the dollar, yen intervention warnings intensify

Fed Gov. Waller says no rush to lower rates June rate cut probability declines, dollar gains Yen recovers on stronger intervention warnings Wall Street and gold trade north Dollar gains as Waller signals patience The US dollar finished Wednesday slightly higher against all but one of its major peers and continues to trade on the front foot on Thursday as well.
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XM Research - 4 months ago

Market Comment – Dollar rises as Fed enters spotlight, yen plummets

US dollar gains as traders brace for hawkish Fed Yen tumbles despite BoJ’s historic decision Loonie slides on cooler than expected Canadian inflation Wall Street gains ahead of Fed, oil extends advance Will the Fed revise its dot plot higher? The US dollar traded higher against its major counterparts yesterday, gaining the most versus the yen, the kiwi and the loonie in that order.
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XM Research - 4 months ago

Market Comment – Yen stays on the backfoot despite BoJ rate hike speculation

Wage data drives up bets of BoJ rate hike on Tuesday but yen not convinced Weaker yen boosts Nikkei but inflation worries weigh on Wall Street ahead of Fed Dollar steady in calm start to a very busy week but oil unsettled by geopolitics All eyes on BoJ decision as yen slips Intensifying speculation about a potential historic rate hike by the Bank of Japan is dominating the start of the week where the Federal Reserve, as well as central banks in the UK, Switzerland and Australia
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XM Research - 4 months ago

Market Comment – US PPI and retail sales data enter the limelight

After hot CPI inflation, dollar awaits PPI and retail sales data Yen on the back foot as BoJ March hike bets decrease S&P 500 and Nasdaq pull back, gold rebounds Dollar trades cautiously ahead of US data The US dollar traded lower against most of its major peers yesterday, gaining some ground only against the Swiss franc and staying virtually unchanged against the Japanese yen.
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XM Research - 4 months ago

Weekly Technical Outlook – USDJPY, GBPUSD, Nvidia

USD/JPY eyes 200-day SMA after dramatic downfall; US CPI next on the calendar GBP/USD resumes bullish outlook as UK jobs data loom Nvidia stock sinks the most in a while. Where next for the AI king?   US CPI inflation --> USD/JPY February saw a jobs growth of 275k in the US, surpassing analysts' expectations. However, a downward revision in previous readings and a rise in the unemployment rate, along with slowing wages, fueled rate cut projections and led to more sellin
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XM Research - 4 months ago

Market Comment – Powell still sees rate cuts this year, ECB enters the spotlight

Powell says it may be appropriate to lower rates this year Yen rallies as speculation about BoJ exiting negative rates intensifies BoC appears less dovish than expected, central bank torch goes to ECB Wall Street rebounds, gold hits a new record high Dollar slides as Powell adds to rate cut hopes The US dollar extended its decline against its major peers yesterday, with the commodity-linked currencies aussie, kiwi, and loonie gaining the most.
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