Nvidia dethroned Apple as the world’s most valuable company on Friday following a record-setting rally in the stock, powered by insatiable demand for its specialized artificial intelligence chips. Nvidia’s stock market value briefly touched $3.53 trillion, slightly above Apple’s $3.52 trillion.
Nvidia shares rose 0.4% in the last session. Support: 138.82 | Resistance: 146.82
The Dollar fell 0.5% against the Yen in the last trading session. The Williams indicator’s is giving a negative signal.
The last session saw USD fall 0.5% against JPY.
The Williams indicator is currently in negative territory.
Support: 150.07 | Resistance: 153.82
Palladium prices extended gains to 10-month highs. Palladium price jumps after US suggests sanctions on Russian exports.
The Canadian dollar edged down to an 11-week low against its U.S. counterpart as investors bet the Bank of Canada would need to cut interest rates further to bolster a sluggish domestic economy.
The Nasdaq and the S&P 500 gained, driven by Tesla’s positive earnings forecast and a decline in Treasury yields from a three-month high, which buoyed market sentiment despite declines from some corporate results.
Tesla’s stock rose 6.5% in the last session after gaining as much as 6.6% during the session. The Stochastic-RSI indicates an overbought market.
Support: 228.77 | Resistance: 286.79
Cardano is set to gain access to $1.3 trillion in Bitcoin liquidity for its decentralized finance ecosystem through a new integration with BitcoinOS, a Bitcoin smart contract platform.
The Bitcoin-Dollar pair skyrocketed 2.2% in the last session. The Ultimate Oscillator is giving a positive signal.
Support: 65221 | Resistance: 70678
