Nvidia Under the DOJ’s Microscope: Antitrust Probe Intensifies
Nvidia faces a DOJ antitrust probe that intensifies concerns over its AI market control, sending shockwaves through the tech sector. What’s next for the giant?
POPG to Expand Community-Driven Web3 Ecosystem
Dubai, United Arab Emirates, 4th September 2024, Chainwire
China’s Caixin Services PMI Unexpectedly Dips to 51.6 in August
Hang Seng extends losses as weaker China Caixin Services PMI weighs on investor sentiment, dropping 1.60% to 17,369.
ISM Manufacturing PMI Rises To 47.2, Missing Analyst Expectations
The report showed that U.S. manufacturing activity contracted slower compared to last month.
The Crypto Cap Sinks Below $2 Trillion
Like other altcoins, Ethereum’s local high was on August 24th, two days before bitcoin reversed and interrupted a corrective rebound.
Gold (XAU) Daily Forecast: Struggles Below $2,500 as Dollar Strength Caps Gains
Gold remains under $2,500, pressured by a stronger U.S. dollar and upcoming Fed rate cut expectations.
Natural Gas and Oil Forecast: $2.16 Key Pivot for NG; Oil Eyes $69.50 Support
Natural Gas hovers near $2.16 pivot, while Oil tests $69.50 support amid weakening global demand and easing geopolitical tensions. Will prices hold steady?
DAX Index News: US and German Economic Data Drive DAX Market Volatility
DAX slips 0.97% as Infineon leads losses, while Germany’s Services PMI raises recession fears. US labor data could drive further volatility.
Dollar Index (DXY) Faces Pressure as US Treasury Yields Hold Below 3.85%
The US Dollar Index struggles as Treasury yields stay below 3.85%, raising questions about future strength.
Silver (XAG) Daily Forecast: Can China’s Rising Demand Break Silver’s Downward Trend?
Silver faces resistance at $28.66 amid dollar strength and Fed uncertainty. Will China’s demand boost prices?
Forgd is Reinventing Web3 Advisory with Free Tools for Tokenomics Design, Liquidity Monitoring, and Token Cap Table Management
New York, NY, 3rd September 2024, Chainwire
Crude Oil Price Forecast – Crude Oil Continues to Look Stuck in a Range
The oil markets bounced in general in thin holiday trading on Monday, but at this point in time, the markets are essentially “stuck”, as there are so many different external forces being pressed upon them.
Bitcoin Price Forecast – Bitcoin Continues to Hang Onto Range
The Bitcoin market has rallied a bit in the early part of Monday, but with the Americans and Canadians gone for the Labor Day celebration, it is a bit of a stretch to read too much into the move, other than we were at the lower band of the recent
Silver Price Forecast – Silver Continues to See Turbulence
The silver market has been somewhat negative in thin holiday trading on Monday. Remember, the United States and Canada both are celebrating Labor Day, and therefore the liquidity would have been thin.
Apple, Microsoft, and Nvidia Battle for AI Dominance in $100B OpenAI Investment Round
Tech giants battle for AI dominance as Apple, Microsoft, and Nvidia vie to invest in OpenAI’s $100B round, signaling major impacts on AI stocks.
Natural Gas Price Forecast – Natural Gas Continue to Attempt a Recovery
The natural gas market continues to see buyers from this area, but it is also important to recognize that Monday was Labor Day in American and Canada, and this of course would greatly influence the liquidity of the market on the whole.
Natural Gas News: Bearish Pressure Remains as Seasonal Transition Begins
Natural gas futures rise as seasonal shifts begin, but high storage levels and weak demand keep the market outlook bearish. Key support level $2.021 under watch.
Silver (XAG) Forecast: Dollar Strength and Thin Trading Slam Prices – Is More Downside Ahead?
Silver drops to a two-week low of $28.32 as U.S. dollar strength and weak Chinese data spark bearish sentiment. Key U.S. economic data could drive further moves.
Gold (XAU) Price Forecast: Will Key U.S. Data Trigger a Gold Price Breakout?
Gold prices dip on U.S. bank holiday as traders await crucial economic data and Fed rate decision. Will gold break out or remain rangebound?
Toncoin Trend That Preceded 120% Price Rally in 2023 Flashes Again
Toncoin (TON) may be on the verge of a 50% rally, driven by a repeating fractal pattern and whale accumulation amid recent market dips.
Crypto Titans Rally Behind Kamala Harris: Will She Champion Industry-Friendly Regulation?
Crypto leaders rally behind Kamala Harris with $100K fundraiser, hoping for a softer regulatory approach. Will she deliver?
Oil News: Crude Prices Slide as Saudi Arabia Eyes October Price Cuts
Oil prices fall as Saudi Arabia considers cutting October crude prices for Asia amid weak demand, while OPEC+ prepares to boost production.
China Caixin Manufacturing PMI Climbs to 50.4 on Strong Domestic Demand
Manufacturing sector sees a boost as China’s Caixin PMI hits 50.4 in August, with new orders surging but export orders faltering.
Five Things to Know in Crypto This Week: Fed Bets and ETF Outflows Shake Confidence
Crypto market faces dual pressure from Fed rate uncertainty and regulatory actions by the SEC.
Michigan Consumer Sentiment Rises To 67.9, Missing Analyst Expectations
The report showed that consumers’ short- and long-run economic outlook improved.