Financial Analyst/Content Writer, RADEX MARKETS
Lawrence J. came from a strong technical and engineering background before pivoting into a more financial role later on in his career. Always interested in international finance, Lawrence is experienced in both traditional markets as well as the emerging crypto markets. He now serves as the financial writer for RADEX MARKETS.
AKCJA
Gold and silver fell foul of aggressive market conditions on Thursday afternoon, with both metals undergoing sharp declines as a result of what looks like a forced liquidation event. The sudden drop in prices occurred over a short 30-minute interval, during which gold lost 2% and silver fell almost 8%. Gold would go on to lose $160 over the course of the session, closing the day around $4,920 per ounce. The volatility in silver remains much higher however, with the white metal suffering double-digit losses and closing at $75 per ounce by Thursday evening. The downward move appears to be connected to a market-wide selloff as investors at large reduce their exposure ahead of US inflation figures later today. Cryptocurrencies continued to bleed yesterday, while oil prices shed around $2 per barrel amid mounting concerns of a global supply glut.
Yet another industry is facing the wrath of AI takeover, this time the more traditional freight and logistics sector. We mentioned a couple of days ago that different industries are being put under pressure by the threat of replacement by AI tools, and it seems that markets have found their latest victim. Software companies were the first to be targeted, followed by financial management and insurance brokerage firms, but yesterday it was the turn of the transport sector. Freight company Universal Logistics (ULH) fell 10% yesterday, while shares in CH Robinson (CHRW) had plummeted over 14% by the daily close. All it took was an announcement from Algorhythm Holdings (RIME), an understated Florida-based company who has claimed that their new AI freight scaling tool would allow transport companies to massively scale their operations without incurring any additional labour costs. The relatively unknown company rose 30% yesterday as investors piled on the bandwagon. Further afield, the wider tech sector remains fragile in the current environment, with Cisco Systems (CSCO) falling 12% on Thursday despite meeting earnings expectations. Meta (META) and Amazon (AMZN) both fell over 2% yesterday, while Apple (AAPL) lost 5%. US indices all closed in the red as a result, with the Nasdaq Composite falling the furthest.
The January non-farm payroll report vastly surpassed expectations on Wednesday, doubling estimates and revealing 130k new positions for the first month of the year. The unemployment rate also unexpectedly ticked down to 4.3%, further strengthening the image of the US labour market. With the latest report out of the way, markets are now turning their attention towards the January CPI drop, scheduled for later today. Inflation figures are projected to fall to 2.5% year-over-year, an improvement over the previous month but still above the Fed’s target. When coupled with a robust job market, sticky inflation leaves the Fed with no justifiable path forward to cut rates on the dollar. Interest rate traders are in agreement and are now firmly anticipating a rate hold in March. With that said, the next FOMC meeting is still over a month away and a lot can happen between now and then.
Handel instrumentami pochodnymi oraz produktami lewarowanymi wiąże się z wysokim ryzykiem i może prowadzić do strat przekraczających wartość początkowej inwestycji. Przed rozpoczęciem handlu należy zapoznać się z naszymi Warunkami i Zasadami (T&C) oraz Dokumentem ujawniającym informacje o produkcie (PDS).
OTWÓRZ KONTO