Positive Sentiment, Bitcoin Rallies! | BDSwiss Market Moves on MT4
-Boeing Issues
The aeroplane maker is seemingly making extra efforts to ensure the inspections are needed to resume flights with the 737Max series. After the aircraft’s exit door blew out mid-flight, now the safety protocol is being adjusted. United Airlines has stated that signs of installation issues were found. The situation will likely cause also suppliers to be investigated to find the cause of the problem. Share prices have lost more than 8% in yesterday’s trading and are currently priced at USD . The market looks set to weaken further for now.
-Nvidia Plans
The chip technology giant is still dominating the world for microchips, which are ready to be used for artificial intelligence processes. Furthermore, the company announced that they will soon build special chips, which are being implemented into graphic cards, able to also add AI features for gaming in the consumer PC space. Currently, three chips are in the making and they will not rely on an internet connection for remote services, according to Nvidia. Yesterday, the price of Nvidia shot beyond the USD mark and is currently trading at USD .
-Market talk
Markets remain mixed during today’s opening with the US- Dollar potentially losing some steam against its peers. Gold and Silver prices advanced slightly and an interesting move occurred in oil. The price has shot down towards the early USD zone, which is the major support area. On the other hand, Bitcoin has moved strongly to the upside, with seemingly further momentum ahead. Long positions should be protected as sudden moves could happen! The potential release of several Bitcoin ETFs might cause volatility in either direction to happen. Stock markets have resumed some momentum towards higher levels with especially the S&P 500 looking bullish again. Based on the monthly chart, a potentially bullish breakout could be in the making above the 4,800 zone.
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