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AMD Sets Sight On AI Chip Market, Plans To Dethrone Nvidia With New Product

AMD Sets Sight On AI Chip Market, Plans To Dethrone Nvidia With New Product

Image courtesy of 123rf.com Advanced Micro Devices (Nasdaq: AMD) introduced a new AI chip, which it claims can rival Nvidia’s (NASDAQ: NVDA) most powerful offering, H100. With this new product, AMD hopes to disrupt Nvidia’s dominance in the AI processor market, which is expected to hit a valuation of $400 billion by 2027. The chipmaker’s shares climbed […]
FTSE Reverses Early Losses To Finish In The Green

FTSE Reverses Early Losses To Finish In The Green

Image Source: Pexels On Thursday, the FTSE 100 in the UK experienced an early decline across the board due to the negative impact of a stronger pound on the index, which is heavily reliant on exporters. Additionally, there was a decrease in risk appetite caused by higher government bond yields. The blue-chip FTSE 100 reversed ealy […]
GBPJPY Is Turning Sharply From Strong Resistance

GBPJPY Is Turning Sharply From Strong Resistance

Photo by Jay Gomez on Unsplash  GBPJPY was in a strong bullish rise from the start of 2023, but five-wave bullish cycle within wave C of B suggests that the cycle can be coming to an end. With the current sharp reversal back below the channel support line on a daily chart, seems like 5th […]
Analytical Overview Of The Main Currency Pairs – Thursday, Dec. 7

Analytical Overview Of The Main Currency Pairs – Thursday, Dec. 7

Image Source: Pexels  The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0789 Prev Close: 1.0763 % chg. over the last day: -0.24 % On Wednesday, Deutsche Bank said it expects the European Central Bank (ECB) to cut interest rates by 150 basis points (bps) next year, 50 bps more than its previous forecast, as inflation falls and central bank […]
EUR/USD Reaches Session Highs Near 1.0800 After US Jobless Claims

EUR/USD Reaches Session Highs Near 1.0800 After US Jobless Claims

 Image source: Pixabay   The Dollar extended its reversal as US Jobless Claims increased. These figures confirm the view that the US labor market is deteriorating. EUR/USD remains bearish while below 1.0850. The Euro bounced up ahead of Thursday’s session opening times with the US Dollar extending its reversal. US Jobless claims have confirmed that the labor market is […]
USD/JPY Price Aiming To Pounce 145.0 After Downbeat US ADP

USD/JPY Price Aiming To Pounce 145.0 After Downbeat US ADP

The USD/JPY price slumped well below yesterday’s low of 146.89. Fundamentally, the US dollar’s depreciation was expected after the US ADP Nonfarm Employment Change came in at 103K in November versus 131K expected, compared to 106K in October.In addition, the Trade Balance, Revised Nonfarm Productivity, and Revised Unit Labor Costs also reported poor data in […]
Sensex Today Ends 132 Points Lower; Nifty Holds 20,900

Sensex Today Ends 132 Points Lower; Nifty Holds 20,900

Image Source: Unsplash  After a muted opening, Indian share markets traded in a narrow range throughout the session and ended marginally lower.Equity benchmark indices were dragged by weak global cues and falling crude oil prices. Today’s fall comes after seven consecutive days of gains where the Sensex and Nifty scaled fresh all-time high on multiple occasions.At […]
GBP/USD Analysis: US Dollar Is Trying To Recover Its Losses

GBP/USD Analysis: US Dollar Is Trying To Recover Its Losses

Since the start of this week’s trading, the price of the GBP/USD pair has been on a downward correction path with losses that extended to the support level of 1.2544, abandoning the gains of the relatively upward rebound that affected last week. The resistance level of 1.2732 is its highest in three months.Thus, it was […]
A Curious Claim That The BLS Is Overstating Rent And Exaggerating Inflation

A Curious Claim That The BLS Is Overstating Rent And Exaggerating Inflation

It’s not often I hear a claim the BLS is overstating inflation, but it comes from two people I respect, so let’s investigate. Cleveland Fed New Tenant Rent Index NTR with upper and lower bound 95% confidence intervals, CPI rent of primary residence, and OER. Chart by MishI created the above chart from a Cleveland Fed data […]
GBP/USD Faces Stern Test: NFP, CPI, FOMC, BoE On The Horizon

GBP/USD Faces Stern Test: NFP, CPI, FOMC, BoE On The Horizon

Photo by Colin Watts on Unsplash   The GBP/USD is poised for a significant challenge in the upcoming days, spanning the end of this week and much of the next. Anticipation surrounds key data releases from both the UK and the US, with the US nonfarm payrolls report on Friday and CPI data on the horizon. Moreover, the Federal […]