Author: FX
Gold declined due to profit-taking amid AI sector overvaluation fears. Market sell-off driven by interest in Chinese AI firm, DeepSeek, dampens gold’s appeal despite lower bond yields. Global economic worries grow as China’s PMI data reveals contractions in services and manufacturing. Gold price slid over 1% late on Monday during the North American session, sparked by a broader market sell-off spurred by interest in Chinese AI company DeepSeek. The yellow metal has failed to gain traction as US Treasury bond yields plunge, though the Greenback pared some of its losses, yet below the 108.00 figure. The XAU/USD trades at $2,738…
WirestockAstraZeneca (NASDAQ:AZN) and Daiichi Sankyo’s (OTCPK:DSKYF) drug Enhertu has been approved by the FDA for the treatment of certain breast cancer patients. Enhertu was approved for the treatment of unresectable or metastatic HR-positive, HER2-low or HER2-ultra-low breast cancer, as determined by an Source link
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…
Digital Brands Group files to sell up to 4.93M units Source link
Views of Lula turn negative, Brazilians wary on taxes, economy Source link
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%…
TDS announces CEO transition Source link
Emerson to buy rest of AspenTech for $265 per share Source link