August 2023 – Page 6 – UAG Trade Asia

Chip Stocks Rally after Huaweis LowKey Launch of new Phone

August 30, 2023
Finance
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SHENZHEN, ChinaSHANGHAI, Aug 30 Reuters Chinese chip stocks rallied on Wednesday following Huawei Technologies39; HWT.UL launch of its new Mate 60 Pro phone, as investors speculated it could be using a 5G capable chip which, if true, would mark a win for China39;s local semiconductor sector. Since 2019, Washington has restricted Huawei from buying advanced […]

August 30, 2023
Finance
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TOKYO, Aug 30 Reuters The U.S. dollar on Wednesday clawed back some of the previous session39;s sharp declines as investors looked ahead to more labour market data for clues on the path for Federal Reserve policy. The dollar index which measures the currency against six major peers including the yen and euro added 0.09 to […]

British Pound Price Action Setups: GBP/USD, EUR/GBP Nearing Key Pivot Points?

The British Pound continues to face a bearish Head & Shoulders chart formation against the US Dollar. Meanwhile, EUR/GBP faces the 100-day moving average as prices bounce off support.

Asia Day Ahead: Weak US Data Cooled Rate Bets; Australia inflation Below Expected

Wall Street took comfort from several downside surprises in US macro data overnight, with the data taming some rate hike bets and saw US Treasury yields decline.

Gold Price Forecast: XAU/USD May Rise After US Job Openings Data Fuel Bearish Exposure

Gold prices surged higher as a miss in US job openings fueled a lower terminal Federal Funds Rate. Now, retail traders are more bearish than before. Will gold continue higher?

August 29, 2023
Uncategorized
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Aug 29 Reuters The Biden administration will hold the first ever auction of offshore wind development rights in the Gulf of Mexico on Tuesday, expanding its bet on the nascent clean energy industry to a major U.S. hub for oil and gas production. The sale is a major milestone in President Joe Biden39;s agenda to […]

August 29, 2023
Uncategorized
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BERLIN, Aug 29 Reuters German companies see the energy transition bringing more risks than opportunities for their competitiveness, the DIHK Chambers of Commerce and Industry said on Wednesday. For half of the more than 3,500 companies surveyed by the DIHK, the transition towards renewable energies and away from Russian gas will have a very negative […]

August 29, 2023
Oil
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SINGAPORE, Aug 29 Reuters Oil prices slipped on Tuesday as worries that further possible U.S. interest rate hikes could pull down demand outweighed concerns that a tropical storm off the U.S. Gulf Coast may impact supply. Brent crude was down 19 cents, or 0.2, at 84.23 a barrel by 0640 GMT, while U.S. West Texas […]

August 29, 2023
Business
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Aug 28 Reuters Increased analysts39; estimates since Nvidia39;s strong quarterly report last week have left the world39;s most valuable chipmaker trading at its lowest forward earnings multiple in eight months. Nvidia39;s stock added nearly 2 to 468 on Monday, leaving it down almost 1 since last Wednesday, when the Santa Clara, California company far exceeded expectations with […]

August 29, 2023
Business
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Reuters Intel on Monday said a new data center chip coming out next year will handle more than double the amount of computing work that can be done for each watt of power used, part of a broader industry push to lower electricity consumption. At a semiconductor technology conference held at Stanford University in Silicon Valley, […]

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Chip Stocks Rally after Huaweis LowKey Launch of new Phone

Dollar Finds Feet, Investors await Further Clues on Fed Path

British Pound Price Action Setups: GBP/USD, EUR/GBP Nearing Key Pivot Points?

Asia Day Ahead: Weak US Data Cooled Rate Bets; Australia inflation Below Expected

Gold Price Forecast: XAU/USD May Rise After US Job Openings Data Fuel Bearish Exposure

US Launches First Offshore Wind Auction in OilRich Gulf of Mexico

German Firms Fear the Energy Transition survey

Oil Slips as Demand Worries Outweigh Supply Concerns

Nvidias Forward PE Ratio Tumbles to Lowest in Eight Months

Intel says new Sierra Forest Chip to more than Double Power Efficiency

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