Day: September 4, 2024

As NVIDIA Corp (NASDAQ: NVDA) is at the forefront of AI technology development, investors assess its performance to gauge the overall AI sector. On 28 August, NVIDIA released the Q2 2024 report, which showed stronger-than-expected results. This suggests that the AI boom is not over, and the company’s stock has growth potential. This article provides […]

The EURUSD rate is undergoing a slight correction after its decline yesterday. Find out more in our analysis for 4 September 2024. EURUSD forecast: key trading points The US manufacturing PMI remains below the critical 50-point level, confirming an economic slowdown The likelihood of a Federal Reserve 50-basis-point interest rate cut fell to 38% from […]

Following a recovery, the US Tech index resumed a downtrend, falling by 2.83% yesterday. The future US Tech forecast is negative. US Tech forecast: key trading points Recent data: the US manufacturing PMI rose to 47.2 points Economic indicators: the services sector has the largest share of US GDP; however, a decline in the manufacturing […]

A decrease in the US trade balance and the JOLTS job openings data may negatively impact the US dollar and strengthen the yen. Find out more in our analysis for 4 September 2024. USDJPY forecast: key trading points Japan’s services PMI: previously at 53.7, currently at 53.7 US trade balance: previously at -73.10 billion USD, […]

The USDCAD pair has been on an upward trend. The Canadian dollar is pressured by weak forecasts for commodity exports and currency inflows. Discover more in our analysis for 4 September 2024. USDCAD forecast: key trading points The USDCAD pair has strengthened markedly Falling Brent oil prices may negatively impact the Canadian economy USDCAD forecast […]