What Is Driving Micron Shares Higher? Surprise HBM Update
Micron shares jumped nearly 10% after the company said it started shipping its next-gen HBM4 memory chips earlier than expected.
USD/MYR Analysis: Trajectory Lower Proving Support Levels Vulnerable
The USD/MYR is around the 3.9055 ratio as it swims within depths that continue to test technical perceptions and long-term charts.
Data Center REITs Are A Conservative Way To Play AI
Data Center REITs are on the receiving end of the money being spent now, as they provide the infrastructure for AI, in contrast to the hyperscalers whose return on investment (ROI) won’t come until much later.
Gold Trades Sideways As Strong US Jobs Data Push Back Early Fed Rate-Cut Bets
Gold trades sideways above $5,000, remaining capped inside this week’s consolidation range.
Consolidation Featured After Yesterday's Big FX Moves
The general tone in the foreign exchange market is one of consolidation after yesterday’s stronger than expected January jobs data injected volatility into dollar trading.
GBP/USD Regains Ground After US Data And Finds An Equilibrium
GBP/USD was trading at 1.3632 on Thursday. Sterling found an equilibrium point after volatility triggered by a stronger dollar following US labor market data.
Tepid UK Growth Highlights The Need For BoE Action
On the data front, the UK brought a fresh data deluge this morning, with the 0.1% GDP figure for the fourth quarter serving to highlight the tepid growth that belies the story told by the stock market.