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Is Nvidia A Buy For 2024? One Analyst Sees A 15% Downside For The AI Stock

Is Nvidia A Buy For 2024? One Analyst Sees A 15% Downside For The AI Stock

Nvidia’s shares (NVDA) staged an impressive gain of over 240% in 2023, riding on the artificial intelligence (AI) wave, which many see as the most crucial technology since the internet. However, one wealth management firm, DA Davidson, does not see Nvidia expanding this momentum in 2024, predicting a drop in demand for AI services.  PexelsDA Davidson Sees 15% Downside […]
Doing The DXY Dance

Doing The DXY Dance

Image Source: Pexels  The dollar index has a very interesting turn-of-the-year pattern. Heading into the year the dollar sees pronounced weakness from a seasonal perspective but in contrast, we see dollar strength to start the year from a seasonal perspective.This dollar dances around here and often results in the dollar falling into the new year before […]
GBP/USD Forex Signal: Outlook As US And UK Bond Yields Rebound

GBP/USD Forex Signal: Outlook As US And UK Bond Yields Rebound

The GBP/USD pair made a bearish breakout in the past few days.  Bullish view Set a buy limit at 1.2600 and add a take-profit at 1.2700. Add a stop-loss at 1.2550. Timeline: 1-2 days.  Bearish view Set a sell-stop at 1.2600 and a take-profit at 1.2500. Add a stop-loss at 1.2700. The GBP/USD exchange rate retreated […]
Time For My 2024 Crystal Ball

Time For My 2024 Crystal Ball

Image Source: Unsplash  One of the most popular finance games when the New Year comes around is to make forecasts about the upcoming year. Most predictions don’t come to pass—the future is just too darn fickle.However, it is the start of a new year, so I, too, will take a shot at some predictions.Because some things […]
European Stock: Volkswagen AG

European Stock: Volkswagen AG

Company: Volkswagen AGBloomberg ticker: VOW GR, (VWAGY)Market cap: US $65.068BBackground: Volkswagen AG manufactures and sells vehicles. The Company offers economy and luxury automobiles, sports cars, trucks, and commercial vehicles. Volkswagen serves customers worldwide.  World Class Benchmarking of Volkswagen AG Profitable Growth rank of 7 was same compared to the prior period’s 7th rank This is below average performance compared […]
USD/JPY Signal: Tries To Recover At This Point 
                    
 

USD/JPY Signal: Tries To Recover At This Point  

At the end of the day, the recent rally in the US dollar against the yen indicates a resurgence of strength. The USD/JPY displayed a significant rally during Tuesday’s trading session, breaching the 142 yen level and signaling renewed vitality. A potential break above the 142.80 yen level could signify the clearance of substantial resistance, […]
German Labor Market Ends 2023 On A Negative Note

German Labor Market Ends 2023 On A Negative Note

Image Source: Pexels  The gradual worsening of the German labor market continued in December.The German labor market ended the year on a negative note. In December, German unemployment increased by 31,000, raising the unemployment figure to 2.637 million. The seasonally adjusted unemployment rate increased to 5.9% from 5.8% in November. For those who want to find […]
Bitcoin And Ethereum: Bitcoin Is Holding Above $45000

Bitcoin And Ethereum: Bitcoin Is Holding Above $45000

Bitcoin chart analysisThe price of Bitcoin continues the bullish trend at the beginning of this year. On Monday, we saw the price cross above the EMA50 moving average and strong bullish consolidation from the $42500 to $45922 level. There we encounter resistance and make a pullback to support at the $44650 level. After that, the price is […]
The Downside To Lower Rates

The Downside To Lower Rates

Image source: Pixabay  Now that aggressive rate cuts have been priced in for 2024, the market is starting to worry about the fact that all of this also implies greater economic weakness. This has translated to a wave of profit taking on US Dollar shorts and a liquidation in US equities as the year gets going.Video […]
USD/CAD Price Analysis: CAD Slips On Weak Factory Activity

USD/CAD Price Analysis: CAD Slips On Weak Factory Activity

The USD/CAD price analysis paints a bullish picture as we launch into the 2024 trading landscape. The Canadian dollar’s descent against the dollar continues due to weak factory activity in Canada. Notably, the Canadian S&P Global Manufacturing Purchasing Managers’ Index worsened on Tuesday, reaching a 43-month low. It reflects the ongoing deterioration in the Canadian economic […]