(AI Video Summary)
Interesting tech news updates
In today’s edition of “Beat the street”, Angeline Ong talks about important events that traders should pay attention to. One exciting event is that Apple might integrate Google’s Gemini AI engine into the iPhone. This could be a big deal for both companies. Another interesting point is that cocoa futures have doubled since the start of 2024, which means the price of cocoa has gone up a lot.
A look at the equity markets
The equity markets, which are where stocks are traded, are currently trading sideways. This means that the prices of stocks are mostly staying the same and not going up or down much. Ong also mentions a consolidation pattern in the market, which is when the prices of stocks are moving within a certain range. She mentions specific numbers like 38,020.00 and 39,330.00 to show where the consolidation pattern is happening.
DailyFX interview feature
There is also an interview with Richard Snow, a market strategist at DailyFX, who talks about the potential volatility in the FX market. The FX market is where different currencies are traded. Snow mentions that the Bank of Japan’s meeting and wage growth in Japan could cause some big changes in the FX market. He also talks about how inflation could affect the Fed’s rate cut outlook and other central banks.
US dollar basket news
She also talks about the US dollar basket, which is a measure of the value of the US dollar compared to other currencies. She then mentions the potential for the US dollar to go up even more if there is a breakout with higher volumes. The NASDAQ, which is an index of tech stocks, has had a recent breakout but might be getting close to exhaustion levels.
Company and commodities news
Ong discusses Apple considering integrating Google’s AI engine into the iPhone and how it has affected Alphabet’s shares. She also mention that Apple is talking to Microsoft-backed OpenAI. Other interesting topics are discussed, like an upcoming earnings report from FedEx, competition in the electric vehicle market, and the ongoing issues with Boeing. The doubling of cocoa prices and the rise in oil prices is also mentioned.
Overall, the video mentions a lot of exciting things happening in the trading world, from important events to potential market moves. The markets are currently trading sideways, and traders are waiting for central bank meetings and the Fed’s decision.