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The Japanese government released its monthly report on Wednesday, stating that consumer confidence in the economy is recovering despite persistent inflation. The government maintained its baseline economic assessment but lowered its forecast for imports in November.The South Korean won fell 1% from its intraday high against the US dollar, last trading at 1,472.2 won per dollar.Novo Nordisk shares rose 1.4% after the U.S. cut healthcare spending on 15 expensive drugs by 36%.November 26th - According to the latest survey by TrendForce, in the third quarter of 2025, DRAM industry revenue increased by 30.9% compared to the previous quarter, reaching US$41.4 billion. This was driven by rising contract prices for conventional DRAM, increased shipments, and expanded shipments of high-bandwidth memory (HBM) chips. Looking ahead to the fourth quarter, TrendForce predicts that the final contract price for conventional DRAM will increase by 45-50% quarter-on-quarter, and the overall contract price for conventional DRAM and HBM combined will also increase by 50-55%.On November 26th, Teslas stock price initially declined before recovering on Tuesday. The stock briefly dipped to $405.95 before closing at $419.40, a slight increase of 0.4%. The S&P 500 and Dow Jones Industrial Average rose 0.9% and 1.4%, respectively. Considering Teslas stock price surged 6.2% on Monday, Tuesdays gains were relatively modest. Optimism surrounding the prospects of autonomous driving provided some support for the stock price. Rob Wertheimer, an analyst at Melius Research, pointed out that Teslas FSD technology is iterating rapidly, further widening the gap with traditional automakers. "In the past decade, and even a year or two ago, we assumed other automakers could catch up quickly, but now we are less certain. We have to think about chips, vertical integration, software capabilities, and whether we are truly looking at the car itself from a completely new perspective. Traditional automakers strategies and operations may be overly focused on cost control." Wertheimer remains bullish on the disruptive potential of autonomous vehicles, giving Tesla a "buy" rating with a target price of $525. According to FactSet data, 41% of analysts covering Tesla currently have a "buy" rating, compared to an average of about 55% for S&P 500 stocks.

Gold Price Forecast – Gold Markets Give Up Early Gain Yet Again

Alice Wang

Feb 09, 2023 16:01

market technical  analysis for gold

Similar to Monday and Tuesday, Wednesday's trading session saw an early increase in gold prices. There has been a lot of selling pressure, similar to those two days, which suggests that gold may still be seeking for a reason to decrease. The possibility that we may go to the 200-Day EMA, which is located just below the 50-Day EMA, does make some sense if we can break down below the 50-Day EMA. Nearly $1800 is a huge, round sum with psychological meaning and a point where there has historically been a lot of controversy.


If we surpass the peaks of the previous three candles, the market may move swiftly in the direction of $1950. I think it would need a decline in the value of the US dollar, but I also think that over time, both the USD and gold would climb. As things are right now, it would be difficult to see an external stimulus for this market to become too optimistic; thus, I think that at best, we will likely consolidate.


Given that the two previous enormous candles were both red and that they often don't happen in a vacuum, we will need to keep a careful eye on the situation. However, if the sellers can simplify things, we may see a greater flush down. A break over these hammers would thus be a stunning display of power. I believe that we are getting ready for a bigger transition.

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