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On September 17th, several major US tech companies announced they would invest over $40 billion to expand the UKs AI infrastructure, a significant boon for the country, coinciding with a state visit from President Trump. Microsoft (MSFT.O) said on Tuesday it would invest $30 billion in UK AI infrastructure and existing operations by 2028, its largest financial commitment yet in the country. Google (GOOG.O) said it would invest approximately $6.8 billion in AI, R&D, and related engineering in the UK over the next two years. Meanwhile, Nvidia (NVDA.O), OpenAI, and British company Nscale are collaborating to build AI infrastructure in the UK to meet OpenAIs computing needs. The project, called "Stargate UK," is expected to be located in northeast England and utilize tens of thousands of Nvidias Grace Blackwell Ultra graphics processing units. Among other investments, AI cloud computing company CoreWeave plans to invest approximately $2.04 billion in AI data center capacity and operations in the UK. Salesforce announced it would invest a further $2 billion in its UK operations by 2030, while BlackRock will pour £500 million into data centers across the UK.On September 17th, local time, it was learned on the 16th that Israels Intelligence and Secret Service (Mossad) deployed 100 foreign agents in Iran at the start of the Israel-Iran conflict in June of this year. Israels Channel 13 reported that day that, according to information disclosed publicly for the first time by the Israeli Mossad, the agency established a "small army" of 100 foreign agents in Iran at the beginning of the Israel-Iran conflict in June of this year. Their mission was to destroy Irans numerous missile launchers and air defense systems at the outset of the conflict. The report said that these agents were well-trained and capable of operating missile systems weighing hundreds of kilograms. These missile systems were smuggled into Iran and used to attack Iranian ballistic missile launchers and air defense missile systems. This was reportedly the largest operation by the Israeli Mossad to date.Nvidia (NVDA.O) will work with the UK to build a national artificial intelligence infrastructure and ecosystem to drive innovation, economic growth and jobs.UK Government: Salesforce announced it will increase investment in its UK operations by $2 billion by 2030.UK Government: Coreweave announces £1.5 billion investment to drive UK AI innovation and growth through sustainable computing.

E-mini Dow in Position to Challenge Key Fib Level at 34942

Cory Russell

Apr 06, 2022 12:03


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Shortly after the cash market closed on Monday, June E-mini Dow Jones Industrial Average futures were trading higher. Despite the fact that the blue chip index is up for the day, it is trailing the benchmark S&P 500 Index and the technology-driven NASDAQ Composite.


June E-mini Dow Jones Industrial Average futures are trading at 34826, up 108 points or 0.31 percent, at 20:19 GMT. The SPDR Dow Jones Industrial Average ETF (DIA) closed at $349.18, up $1.17 or 0.34 percent from its previous close.


The S&P 500 Index and the NASDAQ Composite both rose for the day, but the S&P 500 Index and the NASDAQ Composite jumped out in front due to their large exposure to technology firms. Tech stocks, which had been battered in the first quarter due to expectations of interest rate hikes, rallied the most, topped by a 27 percent increase in Twitter shares.


Apple Inc, Intel Corp, and Microsoft Corp, which were up 2.37 percent, 2.27 percent, and 1.79 percent, respectively, led the Dow higher.

Daily Swing Chart Technical Analysis

According to the daily swing chart, the overall trend is up, although momentum is falling. The return of the uptrend will be signaled by a trade through 35281. The major trend will shift to the downside if the price breaks through 34214.


36708 to 32086 is the primary range. At 34397 to 34942, the E-mini Dow is now trading within its retracement zone. 


This zone is in charge of the average's near-term direction.


35649 to 32086 is the middle range. Another probable support region is the retracement zone, which runs from 34288 to 33868.


The two retracement zones are combined to form a significant support cluster region between 34397 and 34288. Since March 17, this zone has been supporting the market.

Daily Swing Chart Technical Forecast

Trader reaction to 34859 is expected to decide the direction of the June E-mini Dow Jones Industrial Average into Monday's closing.


The presence of buyers will be shown by a prolonged advance over 34859. This may result in a short test of the primary Fibonacci level at 34942.


Surpassing 34942 will signal that the purchasing is becoming more active. This might result in a surge to the major high at 35281.

Scenario that is bearish

The presence of selling will be signaled by a persistent rise below 34859. Look for a retest of the minor bottom at 34437, followed by the support cluster at 34397 to 34288, if this provides enough negative momentum.


Check out our economic calendar for a complete list of today's economic happenings.

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