Author: FX
Mondays are tough, but this one was especially so for investors. Pre-market trading saw significant declines in the so-called “Magnificent Seven,” with Nvidia — one of the key drivers of the recent bull market — leading the losses. The culprit? Fears of lower demand for Nvidia’s products.No, it’s not because Trump is shelving the $500 billion Stargate project to invest in AI over the next few years. Instead, the sell-off was driven by news that a Chinese startup, DeepSeek, developed an OpenAI competitor at a fraction of the cost — allegedly less than $6 million — using significantly fewer chips.If…
The US Dollar began the new trading week on the back foot as market participants continued to digest the narrative of further tariffs from the Trump administration, while investors started gearing up for the FOMC meeting on Wednesday. Here is what you need to know on Tuesday, January 28: The US Dollar Index (DXY) printed moderated losses, although it managed to regain some traction after bottoming out near 107.00. Durable Goods Orders will be released in the first turn, seconded by the FFA’s House Price Index, the Conference Board’s Consumer Confidence, and the Richmond Fed Manufacturing index, all ahead of…
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Nvidia’s stock price has tumbled on the DeepSeek news, raising questions about its valuation multiples. Adam shares some compelling fundamental insights on what could be the biggest news story of 2025 and beyond. You can read about it HERE.From a technical perspective, the price action reflects significant bearish momentum. The stock gapped below the 38.2% retracement of the move up from the August swing low at $129.28, which now serves as a key resistance level. Staying below this level reinforces the bearish bias, signaling potential for further downside. Traders should monitor this level closely for signs of sustained selling or…
The US Dollar does not enjoy safe-haven inflows seen on Monday on AI valuation concerns. US President Trump threatened to slap 50% tariffs on Colombia imports in a deportation spat. The US Dollar Index (DXY) sinks below 108.00 and flirts with a break below 107.00. The US Dollar Index (DXY), which tracks the performance of the US Dollar against six different major currencies, edges slightly lower and trades around 107.30 at the time of writing on Monday despite some earlier safe-have inflows during the Asian session. Markets got spooked after United States (US) President Donald Trump threatened to slap 50%…
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TradeCompass for NVIDIA Stock: Contrarian Long Opportunity Amid Pre-Market DeclineAt the time of this analysis, NVIDIA (NVDA) is trading at $128.40, down nearly 10% in pre-market from Friday’s close. This presents an intriguing contrarian long opportunity for swing traders, leveraging key support levels from historical value areas and VWAP deviations. Below is a detailed trade idea based on volume profile analysis:Trade SetupEntry Levels (Equal Buys):127.25 – Near the value area low (VAL) from December 19th and October 7th, as well as close to the pivot point formed on December 18th.125.93 – Strategically placed between the first buy level and the…
Gold price kicks off the new week on a weaker note amid a modest USD recovery. Fed rate cut bets and sliding US bond yields cap the USD gains and lend support. Renewed trade war fears also contribute to limiting losses for the XAU/USD pair. Gold price (XAU/USD) trims a part of heavy intraday losses, though retains its negative bias through the first half of the European session and currently trades around the $2,757-2,758 region. The US Dollar (USD) stages a goodish recovery from over a one-month low touched on Friday and turns out to be a key factor exerting…