Category Archive: Finance, No picture
Google Up 2.6% In Premarket As New AI Model Released To Compete With GPT-4
Google introduced its most capable AI model, Gemini, claiming it can compete with OpenAI’s GPT-4.Google (GOOGL) recently announced the launch of its most powerful large language model (LLM) yet, Gemini, several months after OpenAI took the tech sector by storm with its GPT-4 model. In the announcement, Google claimed Gemini beat OpenAI’s GPT-3.5 and, in certain benchmarks, […]
Jobless Claims Data Surges (And Falls) With Seasonal Hiring At Decade Lows
After an ugly JOLTS print and disappointing ADP report, the headline jobless claims data comes to the rescue of the ‘goldilocks’ narrative.Initial claims (SA) were flat at 220k (but on a NSA basis surged)…Driven by a plunge in California…Continuing claims (SA) tumbled back below 1.9mm (but on a NSA basis surged)…But, but, but, it’s seasonals we […]
USD/CAD Signal: Dollar Bounces Against Loonie
All things being equal, I would anticipate a lot of noise in this market, but I do think that we are starting to enter a potential “buy on the dips” scenario.The US dollar initially fell against the Canadian dollar during trading on Wednesday session, but as the Bank of Canada chose to keep its interest […]
Elliott Wave Technical Analysis: Visa Inc.
Image Source: Unsplash Visa Inc., Elliott Wave Technical AnalysisVisa Inc., (NYSE: V): 4h Chart 7 December 2023V Stock Market Analysis: We have been moving as expected from the previous update. We are looking for a wave (iv) to then resume higher. This wave (iv) could be sideways as wave (ii) was more of a sharp correction. […]
Traders Caught Off Guard By BoJ Ueda
Image Source: Pexels Though there certainly wasn’t any definitive commitment to anything, the big story of the day has been the latest comments from BoJ Governor Ueda. The BoJ has leaned overly dovish to a fault over the years and there has never been any real bend to that communication.Video Length: 00:02:01More By This Author:When Bad […]
XAU/USD Gold Price Analysis Today: Gold Holds Strong Against Dollar Strength
The gains of the US dollar halted after data showed a less-than-expected increase in private sector employment in the United States. Thus, this data boosting optimism that the Federal Reserve would begin cutting interest rates sometime early next year. Recently, this allowed the gold price (XAU/USD) to stabilize around the $2035 resistance level. Currently, Gold […]
Is The US Stock Market Set To Break Out Of Its Trading Range?
For much of the past month and a half, the S&P 500 Index has rallied, recovering all of the lost ground from the summer/fall correction. The market is currently trading at just below its July high. A decisive rise above this level would strengthen the view that US equities are poised to break free of […]
USD/CAD Forecast: Loonie Loses Ground After BoC’s Pause
The USD/CAD forecast suggests a positive shift favoring the pair as the Canadian dollar weakens after the BoC’s decision to maintain rates. On Wednesday, the Bank of Canada (BoC) kept its key overnight rate at 5%. Still, the bank indicated the possibility of another hike. Additionally, the BOC expressed ongoing concerns about inflation.Inflation in Canada […]
Bull Of The Day: Zoom Video Comms
The Leader in Video ConferencingZacks Rank #1 (Strong Buy) stock Zoom Video Communications (ZM) is a video conferencing platform company that enables people to connect and communicate virtually. Zoom is the most popular conferencing platform and allows users to conduct online meetings, webinars, and virtual conferences through audio and video. Users can join Zoom meetings from various […]
Crude Oil Commentary – Thursday, Dec. 7
Image Source: Pixabay Crude Breaks SupportCrude oil prices sank to fresh 5-month lows yesterday as a combination of concerns over the Chinese economy and excess supply in the oil market weighed on sentiment. News that Moody’s has downgraded its credit outlook on China to negative, along with a slew of Chinese corporates, has caused some pause […]
