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    Market Analysis

    23 August 2024
    Google appoints Noam Shazeer to lead the Gemini AI project

    Google appoints former Character.AI founder Noam Shazeer to co-lead its Gemini AI project. Explore the market implications and short-term trading outlook.

    23 August 2024
    Wheat prices remain under pressure with abundance in global supply

    Wheat prices edge higher but remain near multi-year lows as abundant global supplies from the Black Sea region keep prices subdued. Explore market dynamics and short-term trading opportunities.

    23 August 2024
    Oil prices remain weak amid demand concerns and easing supply fears

    Oil prices remained steady in early Asian trading on Friday, with Brent crude futures dipping by a cent to $77.21 per barrel and U.S. West Texas Intermediate (WTI) crude futures inching up by 4 cents to $73.05 per barrel.

    23 August 2024
    Dollar steady as markets brace for Powell; BOJ’s Ueda aims to stabilise yen

    The U.S. dollar held steady on Friday as the market’s focus turned to Federal Reserve Chair Jerome Powell’s upcoming speech at the Jackson Hole Symposium.

    22 August 2024
    GBPUSD rises to 2024 high on positive data and dollar weakness

    GBPUSD reaches a 2024 high, driven by positive UK economic data and a weaker US dollar ahead of the Jackson Hole event. Explore market implications and short-term trader insights.

    22 August 2024
    Netflix stock hits new high as ad revenue soars

    Netflix (Symbol: NFLX) continues to assert its dominance in the streaming industry, with its stock reaching new heights, consistent with its increase in advertising revenue.

    22 August 2024
    Rupee under pressure despite dovish Fed minutes; downside bias persists

    The Indian rupee is likely to start Thursday’s session with little change, despite the U.S. Federal Reserve’s dovish minutes failing to provide a lift to Asian currencies. The 1-month non-deliverable forward (NDF) suggests the rupee (USDINR) will open close to …

    22 August 2024
    Gold dips as traders eye Fed rate cut and U.S. jobs data

    Gold prices have taken a step back from their record highs as traders closely monitor developments around the U.S. Federal Reserve’s rate decisions and upcoming economic data.

    22 August 2024
    Nvidia challenged by the AMD strategic acquisition in AI

    Key Points: The dominance of Nvidia in AI infrastructure faces a potential challenge as AMD acquired ZT Systems for $4.9 billion in a bid. The stock price of Nvidia mellowed down as a commercial threat is likely from this acquisition. …

    22 August 2024
    Rupee stabilises on U.S. dollar weakness and hedging by importers

    Key Points: The Indian rupee is expected to open flat against the U.S. dollar, following its best day in nearly two months as the dollar index remains near its lowest level of the year. Importers are likely to take advantage …