{"id":13149,"date":"2024-05-23T11:48:35","date_gmt":"2024-05-23T11:48:35","guid":{"rendered":"https:\/\/www.vtmarkets.net\/?p=13149"},"modified":"2025-03-06T06:58:20","modified_gmt":"2025-03-06T06:58:20","slug":"forex-market-analysis-gold-euro-nvidia-analysis","status":"publish","type":"post","link":"https:\/\/www.vtmarketsglobal.com\/en\/analysis\/13149\/","title":{"rendered":"Forex Market Analysis: Gold, Euro, Nvidia Analysis"},"content":{"rendered":"\n<h1 class=\"wp-block-heading has-medium-font-size\">CURRENCIES<\/h1>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Gold Forecast:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gold (XAU\/USD) dropped sharply on Wednesday, holding above support at $2,375.<\/li>\n\n\n\n<li>Bulls need to defend this level to prevent a deeper retrenchment towards $2,360.<\/li>\n\n\n\n<li>Continued weakness could shift focus to $2,335, the 38.2% Fibonacci retracement of the 2024 rally.<\/li>\n\n\n\n<li>A bullish reversal could push prices towards $2,420 and potentially $2,430.<\/li>\n\n\n\n<li>Overcoming $2,430 could lead to a rally towards the all-time high around $2,450.<\/li>\n<\/ul>\n\n\n\n<p><strong>EUR\/USD Forecast<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>EUR\/USD declined on Wednesday, nearing key support at 1.0810.<\/li>\n\n\n\n<li>To maintain a bullish outlook, the euro must stay above this threshold.<\/li>\n\n\n\n<li>Losing this floor could lead to a retreat towards the 200-day simple moving average at 1.0790.<\/li>\n\n\n\n<li>Further weakness could spotlight 1.0725.<\/li>\n\n\n\n<li>A bullish turnaround could target resistance at 1.0865, intersecting with the 50% Fibonacci retracement of the 2023 decline.<\/li>\n\n\n\n<li>A successful breakout may aim for 1.0980, the March swing high.<\/li>\n<\/ul>\n\n\n\n<p><strong>USD\/JPY Forecast<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>USD\/JPY rose on Wednesday, nearing horizontal resistance at 156.80.<\/li>\n\n\n\n<li>Bears must defend this barrier to prevent a climb to 158.00 and eventually 160.00.<\/li>\n\n\n\n<li>Advances to these levels risk intervention by Japanese authorities to bolster the yen.<\/li>\n\n\n\n<li>A bearish swing could find initial support at 154.65.<\/li>\n\n\n\n<li>A breach might lead to a descent towards the 50-day simple moving average at 153.75.<\/li>\n\n\n\n<li>Further losses could expose trendline support just above 153.00.<\/li>\n<\/ul>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\">STOCK MARKET<\/h1>\n\n\n\n<p><strong>Demand and Supply Issues:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Nvidia (NVDA) CEO Jensen Huang faces strong demand but insufficient supply.<\/li>\n\n\n\n<li>Following Nvidia&#8217;s first-quarter earnings report, Huang addressed concerns about a potential demand lull amid transitions between AI chip generations.<\/li>\n<\/ul>\n\n\n\n<p><strong>AI Chip Transition:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Nvidia is moving from its current Hopper AI platform to the advanced Blackwell system.<\/li>\n\n\n\n<li>Despite analysts&#8217; concerns, Hopper demand has grown even after the Blackwell announcement.<\/li>\n<\/ul>\n\n\n\n<p><strong>Demand vs. Supply:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Demand for both Hopper and Blackwell platforms will exceed supply well into next year.<\/li>\n\n\n\n<li>The complexity of Nvidia&#8217;s chips contributes to supply constraints.<\/li>\n<\/ul>\n\n\n\n<p><strong>Financial Performance:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Q1 results topped Wall Street forecasts with adjusted EPS of $6.12 on $26 billion in revenue, marking a 461% and 262% increase from the previous year.<\/li>\n\n\n\n<li>Non-GAAP operating income was $18.1 billion.<\/li>\n\n\n\n<li>Nvidia expects Q2 revenue to be around $28 billion, exceeding analysts&#8217; expectations of $26.6 billion.<\/li>\n<\/ul>\n\n\n\n<p><strong>Stock Split and Dividend Increase:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Nvidia announced a 10-to-1 stock split, effective June 10 for shareholders as of June 7.<\/li>\n\n\n\n<li>The quarterly dividend increased to $0.10 per share from $0.04.<\/li>\n<\/ul>\n\n\n\n<p><strong>Market Reaction:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Nvidia stock rose as much as 6% in extended trading on Wednesday.<\/li>\n<\/ul>\n\n\n\n<p><strong>AI Training and Inferencing:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Huang discussed transitioning from AI training to AI inferencing.<\/li>\n\n\n\n<li>Nvidia&#8217;s chips are expected to remain powerful for inference due to their complex software stack and model capabilities.<\/li>\n<\/ul>\n\n\n\n<p><strong>Broadening Customer Base:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Beyond major cloud service providers (Microsoft, Google, Amazon), companies like Meta, Tesla, and pharmaceutical firms are increasingly purchasing Nvidia chips.<\/li>\n\n\n\n<li>Automotive industry, excluding cloud companies, is a significant user of Nvidia&#8217;s data-center chips.<\/li>\n<\/ul>\n\n\n\n<p><strong>Future of Autonomous Vehicles:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Huang highlighted Tesla&#8217;s lead in self-driving cars.<\/li>\n\n\n\n<li>He emphasized that all cars will eventually need autonomous capabilities.<\/li>\n<\/ul>\n\n\n\n<p>Click <a href=\"https:\/\/www.vtmarkets.net\/trade-now\/\" title=\"\">here<\/a> to open account and start trading.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><span class=\"ui-provider a b c d e f g h i j k l m n o p q r s t u v w x y z ab ac ae af ag ah ai aj ak\" dir=\"ltr\"><p style=\"margin-bottom: 16px;margin-top: 0px\"><\/p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CURRENCIES Gold Forecast: EUR\/USD Forecast USD\/JPY Forecast STOCK MARKET Demand and Supply Issues: AI Chip Transition: Demand vs. Supply: Financial Performance: Stock Split and Dividend Increase: Market Reaction: AI Training and Inferencing: Broadening Customer Base: Future of Autonomous Vehicles: Click here to open account and start trading.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-13149","post","type-post","status-publish","format-standard","hentry","category-analysis"],"acf":[],"aioseo_notices":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"luna","author_link":"https:\/\/www.vtmarketsglobal.com\/en\/author\/luna\/"},"_links":{"self":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/13149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/comments?post=13149"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/13149\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=13149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=13149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=13149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}