Previous Trading Days Events 21 Feb 2024

Nvidia on Wednesday experienced shares up by 10 afterhours.

The market was poised to sell the news following Nvidias earnings, given the skyhigh expectations and deteriorating macro conditions, Investing.com analyst Thomas Monteiro said. However, once again, the company left no doubt that the AI boom is much more than just a stock market narrative, but rather, the most significant bet from corporations worldwide at this moment.

The lateday stock jump pushed up the shares of other AIrelated companies including chip designer Arm Holdings. Nvidia and other hardware suppliers linked to AI computing added 160 billion of combined stock market value.

Source

httpswww.reuters.comtechnologynvidiaforecastsfirstquarterrevenueaboveestimates20240221

Winners vs Losers

NZDUSD continues to lead with 1.63 gains for the week followed by GOLD with 1.10. All USD pairs USD as Quote climb due to depreciation. This month EURJPY is leading now with 2.60 gains.

News Reports Monitor Previous Trading Day 21 Feb 2024

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Midnight Night Session Asian

The seasonally adjusted WPI rose 0.9 for the December quarter of 2023 and 4.2 over the year. No major impact was recorded in the market.

Morning Day Session European and N. American Session

The FOMC Meeting Minutes report apparent was the need to see more progress that inflation is going towards the 2 target before proceeding to rate cuts. Inflation…