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๐น 1. NVIDIA Hits Record Territory โ AI Fuel Still Burning
NVIDIA shares soared to a fresh peak of $169.10, marking another breakout for the AI leader. The surge came after a notable rise in AI-driven earnings and a significant boost in sentiment following news that the U.S. has slightly loosened chip-related trade limits with China.
๐ Impact: Tech and AI sectors gained strong momentum as investors chased innovation-focused equities.
๐น 2. Powell in the Crosshairs? Trump Speculation Rattles Markets
A wave of concern hit markets after speculation emerged that former President Trump might consider replacing Jerome Powell if he returns to office. The rumor, although later denied, had immediate consequences.
๐ต U.S. Dollar slid, while gold briefly jumped above $2,465 as traders sought safe-haven assets.
๐ Outcome: While Trumpโs denial eased some nerves, investor uncertainty remained visible in price action.
๐น 3. Weak Jobs Data Out of Australia
Australia's labor data came in softer than expected โ unemployment climbed to 4.4% against forecasts of 4.2%.
๐ฑ The Australian Dollar (AUD) declined as traders started pricing in a higher likelihood of a rate cut by the RBA.
๐ Meanwhile, gold gained traction as a hedge amid rising policy easing expectations.
๐น 4. Canadaโs Inflation Slows More Than Predicted
Canadaโs CPI data revealed inflation cooling to 1.8%, below the estimated 2.0% threshold.
๐ This unexpected dip pushed the Canadian Dollar (CAD) into choppy territory, while equity indices slipped.
๐ก Gold, again, saw inflows as softer inflation hinted at more accommodative monetary policy down the road.
๐น 5. UK Inflation Hotter Than Forecasted
The UKโs CPI printed at 3.8%, topping estimates and raising concerns that the Bank of England might tighten sooner than previously thought.
๐ท The British Pound (GBP) faced downward pressure due to rate fears, while bond markets responded quickly with a rise in yields.
๐น 6. U.S. CPI Matches Estimates but Still Climbing
The latest CPI print from the U.S. came in at 2.8%, right in line with market consensus โ but up from the prior 2.6%.
๐ Though not a major surprise, it slightly dented hopes for near-term rate cuts by the Fed.
๐ Equity markets showed signs of hesitation, while bond yields adjusted to the dataโs implications.
๐ง Key Takeaways โ What Traders Should Know:
โ AI & Tech Stocks: Still in bullish momentum
โ Gold: Firmly reclaiming its safe-haven appeal
โ AUD, USD: Weak spots in currency space
โ ๏ธ Equities: Showing reactive, short-term swings
๐ Bonds: Quick to respond to inflation signals
๐ฌ Final Word:
The market isnโt moving on isolated headlines anymore โ instead, itโs reacting to a blend of tech breakthroughs, geopolitical risks, central bank clues, and inflation surprises. Every update now triggers layered reactions across multiple assets.
๐ฎ Your move now? Stay nimble, stay informed. The signals are fast โ and theyโre global.
๐ฅ Spotlight: $DOGE
Currently Trading at $0.24550 (+13.06%)
Meme momentum is back โ keep your radar on.
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