A Hyperscalers Hiccup Sends Investors Into A Tailspin

TalkMarkets - Wed, 07/24/2024 - 20:50
There’s a growing sense that investors don’t want to be the last ones on the floor when the A.I. music stops.

AUD/JPY Price Analysis: Plunges To A Fresh Low Amid Steep Four-Day Losing Streak

TalkMarkets - Wed, 07/24/2024 - 20:31
In Wednesday's trading, the AUD/JPY pair has prolonged its downward spiral, tumbling by 1.50% to reach 101.20.

Silver Price Analysis: XAG/USD Dips Beneath $29.00; Further Downside Seen

TalkMarkets - Wed, 07/24/2024 - 20:10
Silver price failed to extend its gains on Wednesday and lost over 1% as US Treasury yields rose following a US 5-year Note auction. The XAG/USD trades at $28.83, finally achieving a daily close beneath $29.00, opening the door for further downside.

Stocks And Precious Metals Charts - In The Heart Of Darkness

TalkMarkets - Wed, 07/24/2024 - 19:47
Stocks took a dive today with a little bounce off the lows. Gold and silver rallied, and held it for much of the day, but finally gave it up and slid a bit into the close. VIX was elevated.

Heavy Selling In Nasdaq And S&P As Semiconductors Crushed

TalkMarkets - Wed, 07/24/2024 - 19:35
A difficult day for the Semiconductor Index as it sheds nearly 6%, losing not just 50-day MA support, but also breakout support of 5,200.

Alibaba: Too Cheap To Ignore

Seeking Alpha - Wed, 07/24/2024 - 19:22

BYD Poised To Surpass Tesla In EV Sales Despite Buffett’s Divestment

TalkMarkets - Wed, 07/24/2024 - 19:16
As electric vehicle demand wanes across the US and Europe, Chinese EV maker BYD is on track to outpace Tesla in vehicle sales this year.

Ethereum Price Stays Quiet Amid $107 Million Net Inflow And Rising Bitcoin Volatility: What’s Next For ETH Price?

TalkMarkets - Wed, 07/24/2024 - 18:55
Despite the launch of the much-anticipated Ethereum spot Exchange-Traded Fund, the price of Ethereum has remained relatively stable, showing little reaction to what many expected would be a significant market catalyst.

Dudley Changes His Mind, Says “Fed Needs To Cut Rate Now” To Avoid Recession

TalkMarkets - Wed, 07/24/2024 - 18:30
Citing the McKelvey recession indicator, former NY Fed President Bill Dudley, wants the Fed to cut rates now. It’s too late Bill, recession has started.

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