🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 10 April 2024
📌 Intel's AI Ambitions Challenge Nvidia's Dominance. Intel announces its latest AI chip, aiming to compete with Nvidia, which holds an estimated 80% of the AI chip market.
📌 SEC Likely to Reject Ether ETFs, Predicts VanEck CEO. Amid speculation, VanEck CEO Jan van Eck believes the SEC will probably deny the firm’s application for an ether exchange-traded fund, with a decision expected by late May.
📌 Russia and China Strengthen Ties. High-level meetings between Beijing and Moscow showcase their commitment to opposing U.S. influence, particularly in the global south.
📌 Bank of Japan Keeps Options Open for Future Rate Hikes. Governor Kazuo Ueda reaffirms the BOJ's current accommodating stance but doesn't dismiss the possibility of adjusting policies in the future.
📌 Google Invests in Custom Chips for AI. In an effort to decrease dependence on external suppliers, Google escalates its in-house chip development, signaling the escalating costs in the race for AI supremacy.
Sources: CNBC, Bloomberg, WSJ
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Date: 10 April 2024
📌 Intel's AI Ambitions Challenge Nvidia's Dominance. Intel announces its latest AI chip, aiming to compete with Nvidia, which holds an estimated 80% of the AI chip market.
📌 SEC Likely to Reject Ether ETFs, Predicts VanEck CEO. Amid speculation, VanEck CEO Jan van Eck believes the SEC will probably deny the firm’s application for an ether exchange-traded fund, with a decision expected by late May.
📌 Russia and China Strengthen Ties. High-level meetings between Beijing and Moscow showcase their commitment to opposing U.S. influence, particularly in the global south.
📌 Bank of Japan Keeps Options Open for Future Rate Hikes. Governor Kazuo Ueda reaffirms the BOJ's current accommodating stance but doesn't dismiss the possibility of adjusting policies in the future.
📌 Google Invests in Custom Chips for AI. In an effort to decrease dependence on external suppliers, Google escalates its in-house chip development, signaling the escalating costs in the race for AI supremacy.
Sources: CNBC, Bloomberg, WSJ
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[Trading Guide: The Beginner's Guide to Trading and Technical Analysis]
In this comprehensive 9-part guide, you will learn:
- should you start with trading or investing?
- trading tools, techniques & strategies
- products & markets to trade
- how to craft your trading plan
- how to make your first trade
Read more 👉🏻 https://synapsetrading.com/?p=33510
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In this comprehensive 9-part guide, you will learn:
- should you start with trading or investing?
- trading tools, techniques & strategies
- products & markets to trade
- how to craft your trading plan
- how to make your first trade
Read more 👉🏻 https://synapsetrading.com/?p=33510
Share 🍻 https://www.tg-me.com/synapsetrading
[Weekly Market Wrap: Gold & Commodities Are Bullish!]
Last week's labor update showed strong March job growth at 303,000, but signals a moderating market with a 3.8% unemployment rate.
Wage growth’s slow to 4.1% suggests easing inflation but complicates Fed cuts.
This week, eyes are on March CPI data and Q1 bank earnings, including JPMorgan, Wells Fargo, and Citigroup, pivotal for future Fed decisions.
Fed officials' remarks and the FOMC minutes will also provide crucial economic insights.
Read full blog post: 👇🏻
https://synapsetrading.com/?p=48274
Last week's labor update showed strong March job growth at 303,000, but signals a moderating market with a 3.8% unemployment rate.
Wage growth’s slow to 4.1% suggests easing inflation but complicates Fed cuts.
This week, eyes are on March CPI data and Q1 bank earnings, including JPMorgan, Wells Fargo, and Citigroup, pivotal for future Fed decisions.
Fed officials' remarks and the FOMC minutes will also provide crucial economic insights.
Read full blog post: 👇🏻
https://synapsetrading.com/?p=48274
🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 11 April 2024
📌 KPMG's Netherlands Unit Faces a Record $25 Million Fine. The penalty, related to an exam-cheating scandal, is the largest issued by the Public Company Accounting Oversight Board, surpassing the previous record fine against Deloitte Brazil.
📌 March Inflation Report Complicates June Rate Cut Prospects. The Consumer Price Index rose 3.5% year-over-year in March, indicating persistent inflationary pressures.
📌 Fed to Reduce Balance Sheet Runoff Pace. The Federal Reserve signals plans to slow down the $7.4 trillion portfolio runoff, currently at $60 billion in Treasury maturities per month.
📌 Optimistic Trade Outlook from WTO Amidst Risks. The World Trade Organization forecasts a trade revival, buoyed by decreasing inflation, though warns of potential weakening from global economic fragmentation.
📌 Blizzard and NetEase Renew Partnership for China Market. Blizzard Entertainment's major titles are set to return to China through a new agreement with NetEase, expected to kick off this summer.
Sources: CNBC, Bloomberg, WSJ
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Date: 11 April 2024
📌 KPMG's Netherlands Unit Faces a Record $25 Million Fine. The penalty, related to an exam-cheating scandal, is the largest issued by the Public Company Accounting Oversight Board, surpassing the previous record fine against Deloitte Brazil.
📌 March Inflation Report Complicates June Rate Cut Prospects. The Consumer Price Index rose 3.5% year-over-year in March, indicating persistent inflationary pressures.
📌 Fed to Reduce Balance Sheet Runoff Pace. The Federal Reserve signals plans to slow down the $7.4 trillion portfolio runoff, currently at $60 billion in Treasury maturities per month.
📌 Optimistic Trade Outlook from WTO Amidst Risks. The World Trade Organization forecasts a trade revival, buoyed by decreasing inflation, though warns of potential weakening from global economic fragmentation.
📌 Blizzard and NetEase Renew Partnership for China Market. Blizzard Entertainment's major titles are set to return to China through a new agreement with NetEase, expected to kick off this summer.
Sources: CNBC, Bloomberg, WSJ
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[Blog Post: What is a Short Squeeze?]
Ultimately, you will need to do a lot of research to find these rare opportunities, but if you get good at it, a handful of such trades a year is all you need to make decent returns.
Read more 👉🏻 https://synapsetrading.com/?p=36827
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Ultimately, you will need to do a lot of research to find these rare opportunities, but if you get good at it, a handful of such trades a year is all you need to make decent returns.
Read more 👉🏻 https://synapsetrading.com/?p=36827
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🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 12 April 2024
📌 OPEC Maintains Oil Demand Outlook, Reduces Non-OPEC Supply Forecast. The organization expects stable global oil-demand growth while projecting lower supply increases from non-OPEC countries.
📌 IMF Chief Advises Caution on Rate Cuts. Kristalina Georgieva of the IMF warns central banks against premature interest rate reductions that could reignite inflation pressures.
📌 Mortgage Rates Approach 7%, Threatening Housing Market Recovery. The recent rise in mortgage rates is jeopardizing the anticipated recovery in the housing market this year.
📌 Amazon's CEO Highlights AI's Potential Amid Fiscal Prudence. Andy Jassy, in a letter to shareholders, emphasized the transformative potential of generative AI while confirming the company’s focus on reducing costs.
📌 X Faces Congressional Inquiry Over Brazil Operations, Musk Reveals. Elon Musk stated that X has been queried by U.S. lawmakers regarding its legal battles with Brazilian authorities.
Sources: CNBC, Bloomberg, WSJ
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Date: 12 April 2024
📌 OPEC Maintains Oil Demand Outlook, Reduces Non-OPEC Supply Forecast. The organization expects stable global oil-demand growth while projecting lower supply increases from non-OPEC countries.
📌 IMF Chief Advises Caution on Rate Cuts. Kristalina Georgieva of the IMF warns central banks against premature interest rate reductions that could reignite inflation pressures.
📌 Mortgage Rates Approach 7%, Threatening Housing Market Recovery. The recent rise in mortgage rates is jeopardizing the anticipated recovery in the housing market this year.
📌 Amazon's CEO Highlights AI's Potential Amid Fiscal Prudence. Andy Jassy, in a letter to shareholders, emphasized the transformative potential of generative AI while confirming the company’s focus on reducing costs.
📌 X Faces Congressional Inquiry Over Brazil Operations, Musk Reveals. Elon Musk stated that X has been queried by U.S. lawmakers regarding its legal battles with Brazilian authorities.
Sources: CNBC, Bloomberg, WSJ
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[Infographic: Triangle Pattern Trading Strategy Guide]
There are 3 different types of triangle patterns – the symmetrical triangle, the ascending triangle, and the descending triangle, each with different trading strategies.
Read full post 👉🏻 https://synapsetrading.com/?p=34698
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There are 3 different types of triangle patterns – the symmetrical triangle, the ascending triangle, and the descending triangle, each with different trading strategies.
Read full post 👉🏻 https://synapsetrading.com/?p=34698
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🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 13 April 2024
📌 Generative AI's Impact on Workforce Decisions. Companies are investing millions annually in generative AI technologies, aiming to streamline operations and potentially reduce the need for new hires.
📌 Slowdown in China's Credit Issuance. The first quarter saw a reduction in credit provided by financial institutions, indicating weak demand among businesses and consumers in China.
📌 Stable Canadian Housing Market in March. Existing home sales in Canada saw a slight increase of 0.5% last month, with a modest dip in prices and a drop in new listings, suggesting early signs of market stability.
📌 China Introduces Consumer Product Trade-In Initiative. The government has detailed a new trade-in program targeting cars and appliances to stimulate domestic consumption.
📌 China Directs Telecoms to Eliminate Foreign Chips. Chinese telecom operators have been instructed to phase out foreign semiconductors, impacting major suppliers like Intel and AMD amidst escalating tech tensions with the U.S.
Sources: CNBC, Bloomberg, WSJ
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Date: 13 April 2024
📌 Generative AI's Impact on Workforce Decisions. Companies are investing millions annually in generative AI technologies, aiming to streamline operations and potentially reduce the need for new hires.
📌 Slowdown in China's Credit Issuance. The first quarter saw a reduction in credit provided by financial institutions, indicating weak demand among businesses and consumers in China.
📌 Stable Canadian Housing Market in March. Existing home sales in Canada saw a slight increase of 0.5% last month, with a modest dip in prices and a drop in new listings, suggesting early signs of market stability.
📌 China Introduces Consumer Product Trade-In Initiative. The government has detailed a new trade-in program targeting cars and appliances to stimulate domestic consumption.
📌 China Directs Telecoms to Eliminate Foreign Chips. Chinese telecom operators have been instructed to phase out foreign semiconductors, impacting major suppliers like Intel and AMD amidst escalating tech tensions with the U.S.
Sources: CNBC, Bloomberg, WSJ
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If you study the greatest traders, they made the most money from riding long trends and adding to their winning positions as the market moved in their favour. Doing the opposite by adding to losing positions is a sure way to chalk up large losses.
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Spencer Li (Synapse Trading)
Our next class is on 20 & 21 April 2024, but seats are very limited, so click this link below to check availability. 🔥 https://synapsetrading.com/?p=33911 To date, over 500 people have used their SkillsFuture credits to attend our "Beginner’s Course on Trading…
This is a reminder that our next intake (Apr 20 & 21 2024) is coming up real soon, and seats are filling up fast!
We only hold a few intakes per year, so don't miss the chance to use your SkillsFuture credits!
Seats are very limited, so click this link below to check dates & availability:
🔥 https://synapsetrading.com/?p=33911
We only hold a few intakes per year, so don't miss the chance to use your SkillsFuture credits!
Seats are very limited, so click this link below to check dates & availability:
🔥 https://synapsetrading.com/?p=33911
🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 14 April 2024
📌 U.S. Crude Oil Prices Surge Amid Middle East Tensions. West Texas Intermediate crude hit $87.67 a barrel amid reports of Israel bracing for an attack from Iran, heightening geopolitical risks.
📌 Europe Reconsiders China Relations as U.S. Election Looms. Concerns about a potential Donald Trump presidency are driving European nations to strengthen ties with China, amidst economic struggles and geopolitical fears.
📌 U.S. Steel-Nippon Steel Deal Approved by Shareholders. Despite union pushback and pending regulatory hurdles, the merger has been officially sanctioned by U.S. Steel's shareholders.
📌 U.S. to Highlight Chinese Competitive Threats at Global Forums. The U.S. is set to raise concerns about China's industrial policies, particularly in the electric vehicle sector, at upcoming G-7 and G-20 meetings.
📌 Tech Industry Faces Rising Distress in Debt Markets. The tech sector is seeing a spike in distressed debt, now nearing $30 billion, with an increasing number of firms defaulting multiple times.
Sources: CNBC, Bloomberg, WSJ
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Date: 14 April 2024
📌 U.S. Crude Oil Prices Surge Amid Middle East Tensions. West Texas Intermediate crude hit $87.67 a barrel amid reports of Israel bracing for an attack from Iran, heightening geopolitical risks.
📌 Europe Reconsiders China Relations as U.S. Election Looms. Concerns about a potential Donald Trump presidency are driving European nations to strengthen ties with China, amidst economic struggles and geopolitical fears.
📌 U.S. Steel-Nippon Steel Deal Approved by Shareholders. Despite union pushback and pending regulatory hurdles, the merger has been officially sanctioned by U.S. Steel's shareholders.
📌 U.S. to Highlight Chinese Competitive Threats at Global Forums. The U.S. is set to raise concerns about China's industrial policies, particularly in the electric vehicle sector, at upcoming G-7 and G-20 meetings.
📌 Tech Industry Faces Rising Distress in Debt Markets. The tech sector is seeing a spike in distressed debt, now nearing $30 billion, with an increasing number of firms defaulting multiple times.
Sources: CNBC, Bloomberg, WSJ
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[Blog Post: What Products & Markets Should I Start Trading?]
One major decision all traders have to make is to decide what markets and what financial products to trade, since there are many choices available.
Here is a list of all the major markets and products.
Read more 👉🏻 https://synapsetrading.com/?p=38989
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One major decision all traders have to make is to decide what markets and what financial products to trade, since there are many choices available.
Here is a list of all the major markets and products.
Read more 👉🏻 https://synapsetrading.com/?p=38989
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🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 15 April 2024
📌 Cryptocurrencies Fall Amid Escalating Middle East Tensions. Over the weekend, as geopolitical risks intensified, Bitcoin and other digital currencies saw significant declines.
📌 Challenges Hit Home-Solar Sector. Despite favorable policies, the U.S.'s largest residential solar market is experiencing a downturn, with a projected 13% drop in installations nationwide.
📌 Iran Strikes Israel with Drones and Missiles. A direct military conflict has ignited between Iran and Israel, increasing the likelihood of a broader regional conflict.
📌 Global Manufacturing Sees Gradual Uptick. Factories in the U.S. and China are showing signs of revival, with Germany also reporting improvements in industrial activity.
📌 Dollar Stores Struggle Amid Competitive Pressure. Family Dollar is closing 1,000 stores as it faces stiff competition from more successful retailers like Walmart and Aldi.
Sources: CNBC, Bloomberg, WSJ
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Date: 15 April 2024
📌 Cryptocurrencies Fall Amid Escalating Middle East Tensions. Over the weekend, as geopolitical risks intensified, Bitcoin and other digital currencies saw significant declines.
📌 Challenges Hit Home-Solar Sector. Despite favorable policies, the U.S.'s largest residential solar market is experiencing a downturn, with a projected 13% drop in installations nationwide.
📌 Iran Strikes Israel with Drones and Missiles. A direct military conflict has ignited between Iran and Israel, increasing the likelihood of a broader regional conflict.
📌 Global Manufacturing Sees Gradual Uptick. Factories in the U.S. and China are showing signs of revival, with Germany also reporting improvements in industrial activity.
📌 Dollar Stores Struggle Amid Competitive Pressure. Family Dollar is closing 1,000 stores as it faces stiff competition from more successful retailers like Walmart and Aldi.
Sources: CNBC, Bloomberg, WSJ
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[Infographic: Head and Shoulders Trading Strategy Guide]
The head and shoulders and inverse head and shoulders are a type of common reversal pattern found at the end of major trends.
There are 3 main trading strategies for this pattern.
Read full post 👉🏻 https://synapsetrading.com/?p=34688
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The head and shoulders and inverse head and shoulders are a type of common reversal pattern found at the end of major trends.
There are 3 main trading strategies for this pattern.
Read full post 👉🏻 https://synapsetrading.com/?p=34688
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🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 16 April 2024
📌 Oil Prices Dip Following Israel-Iran Conflict. Despite a large-scale aerial assault by Iran, effective defenses by Israel and the U.S. minimized actual damage, leading to a slight decrease in oil prices.
📌 Trump Media Stock Tumbles After Announcement of New Share Issuance. The company's decision to issue additional DJT stock led to an 18% drop in share price as market confidence wavered.
📌 Tesla Announces Major Workforce Reductions. In a significant shake-up, Tesla plans to lay off over 10% of its staff, with several high-level executives also leaving the company.
📌 Apple Faces Decline in Smartphone Market Share. New reports show a sharp decline in Apple’s smartphone sales, as Chinese competitors gain ground, dethroning Apple as the world's top smartphone seller.
📌 Samsung Secures $6.4 Billion Investment for Texas Facilities. The funding will boost Samsung’s chip production in Texas, including a new factory and a state-of-the-art R&D facility.
Sources: CNBC, Bloomberg, WSJ
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Date: 16 April 2024
📌 Oil Prices Dip Following Israel-Iran Conflict. Despite a large-scale aerial assault by Iran, effective defenses by Israel and the U.S. minimized actual damage, leading to a slight decrease in oil prices.
📌 Trump Media Stock Tumbles After Announcement of New Share Issuance. The company's decision to issue additional DJT stock led to an 18% drop in share price as market confidence wavered.
📌 Tesla Announces Major Workforce Reductions. In a significant shake-up, Tesla plans to lay off over 10% of its staff, with several high-level executives also leaving the company.
📌 Apple Faces Decline in Smartphone Market Share. New reports show a sharp decline in Apple’s smartphone sales, as Chinese competitors gain ground, dethroning Apple as the world's top smartphone seller.
📌 Samsung Secures $6.4 Billion Investment for Texas Facilities. The funding will boost Samsung’s chip production in Texas, including a new factory and a state-of-the-art R&D facility.
Sources: CNBC, Bloomberg, WSJ
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Last Thursday, I shared with my community that I was going short on the Nasdaq 100, and last night the price alert triggered when it broke the major support. Seems like the long-awaited correction is here, so I might be adding more shorts tonight.
Join us for daily real-time trading signals and analysis: https://synapsetrading.com/daily-trading-signals/
Join us for daily real-time trading signals and analysis: https://synapsetrading.com/daily-trading-signals/
When trying to build a new habit, it is normal to miss once, but the golden rule is to never miss twice in a row!
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🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 17 April 2024
📌 Fed Chair Signals No Rate Cuts Due to Stubborn Inflation. Jerome Powell highlighted ongoing inflationary pressures, dampening expectations for near-term interest rate reductions.
📌 SpaceX Targets Illegal Starlink Users. In a bid to enforce compliance, SpaceX is cracking down on unauthorized use of its Starlink service across unauthorized regions.
📌 Microsoft Expands AI Influence with $1.5 Billion UAE Investment. Microsoft's strategic investment in Abu Dhabi-based G42 enhances its AI capabilities and strengthens U.S.-UAE tech ties.
📌 Baidu’s Ernie AI Surpasses 200 Million Users. Baidu reports a significant user increase for its Ernie AI, making it one of the leading ChatGPT-style chatbots in China.
📌 LVMH Revenue Declines in Q1 Amidst Global Luxury Downturn. The world's largest luxury goods company, LVMH, reported a 2% drop in revenue, reflecting broader challenges in the luxury market.
Sources: CNBC, Bloomberg, WSJ
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Date: 17 April 2024
📌 Fed Chair Signals No Rate Cuts Due to Stubborn Inflation. Jerome Powell highlighted ongoing inflationary pressures, dampening expectations for near-term interest rate reductions.
📌 SpaceX Targets Illegal Starlink Users. In a bid to enforce compliance, SpaceX is cracking down on unauthorized use of its Starlink service across unauthorized regions.
📌 Microsoft Expands AI Influence with $1.5 Billion UAE Investment. Microsoft's strategic investment in Abu Dhabi-based G42 enhances its AI capabilities and strengthens U.S.-UAE tech ties.
📌 Baidu’s Ernie AI Surpasses 200 Million Users. Baidu reports a significant user increase for its Ernie AI, making it one of the leading ChatGPT-style chatbots in China.
📌 LVMH Revenue Declines in Q1 Amidst Global Luxury Downturn. The world's largest luxury goods company, LVMH, reported a 2% drop in revenue, reflecting broader challenges in the luxury market.
Sources: CNBC, Bloomberg, WSJ
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