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What’s up traders, Ezekiel here with your fast market scoop. Let’s break down what’s moving the markets, why it’s important, and how you can stay ahead of the game:
- Today's market mayhem. S&P, EUR/USD, Bitcoin, and XAU/USD today
- Chip ban drama? Say less, dollar gets smacked by trade war fears
- Nvidia gets nuked, $5.5B hit from surprise China chip ban
- Bullish ABCD pattern EXPLAINED: Spot fake moves like a pro with our video
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WEEKLY MARKET MAYHEM
For this week's market mayhem, here’s what we got for you today:
💸 The Dollar’s Losing Streak Is Back — And Trade War Drama Is the Villain 💸
The US dollar just got kicked in the assets again 😬
After a brief little glow-up earlier this week, the greenback is back on the struggle bus, hitting a fresh 6-month low. It’s now down against every major currency in the Group-of-10 squad — yup, even your grandma’s favorite: the Swiss franc 🇨🇭
So what’s going on?
👀 Blame it on the trade war jitters.
The US cracked down (again) on Nvidia’s chip exports to China, and Wall Street immediately freaked out. Cue the “risk-off” energy. Investors started pulling out of US assets faster than you can say “tariff tantrum.”
👉 China basically said, “We’re not even talking unless you clean up your act,” which didn’t help either.
Meanwhile…
The euro, yen, and Swiss franc strutted in like safe-haven hotties.
Volatility demand spiked — because when there’s chaos, someone’s always buying popcorn 🍿
The Bloomberg Dollar Spot Index dropped 0.6%, its biggest slide in weeks.
And if you’re thinking this is just a blip… think again.
The dollar is down 3% already in April, on pace for its worst month since 2022. Big brains like Jefferies’ chief economist are calling it:
“The strong dollar era has peaked.”
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US Dollar Index Daily Chart as of April 16th, 2025 (Source: TradingView)
💰 Gold is the new black
With central banks slowly ghosting the dollar (👻), many are pivoting to gold like it’s the safe, shiny ex that never lets you down. Jefferies says it’s their “favorite version of a weaker dollar.”
Oh, and Treasuries? Also not vibing.
US Treasuries just had their worst selloff in 20+ years. Yikes.
There’s growing fear that big foreign holders (hi China 👋) are trimming down their US bond stashes.
Even the options market’s catching the drift — traders are paying extra to hedge against dollar weakness for the first time in 5 years.
And fund managers? The most dollar-bearish they’ve been since 2006. That’s pre-iPhone era bearish.
🤔 Asia Forex Mentor Insights
This is more than just dollar dips and China drama. It’s a global rebalancing of confidence — and forex traders are riding the wave 🌊
Safe havens are in, and risk assets tied to the US? Looking shakier than ever.
👉 Watch the euro, yen, and gold — they’re where the smart money’s flowing.
👉 And remember: in the FX game, sentiment shifts fast. Stay alert, stay nimble.
💥 Nvidia Just Got Smacked With a $5.5B Surprise 💥
You know that feeling when you’re about to cash in big… and then your wallet catches fire?
That’s basically what happened to Nvidia this week 🔥💸
The AI chip king saw its stock tumble 6% after revealing it’s about to take a $5.5 BILLION hit thanks to a surprise export ban on its made-for-China H20 chips.
Yeah — not a bug, that’s the actual number 🤯
🧨 What happened?
Late Tuesday night, Nvidia dropped a bomb in an SEC filing:
The US government told them they now need a special license to export H20 chips to China.
Spoiler alert: Those licenses basically don’t exist.
Like, zero have ever been granted. Not one. Because of fears the chips might be used to build AI supercomputers 🧠💻 (aka digital Skynet).
And while everyone assumed the US had backed off these bans after Nvidia’s CEO had dinner with Trump at Mar-a-Lago 🍽️… surprise! The feds hit “reverse” on that handshake.
NVIDIA Corporation Stock Daily Chart as of April 16th, 2025 (Source: TradingView)
😬 Why it’s such a mess
Nvidia already built the chips.
This isn’t about canceling future orders — they’ve got billions in inventory that’s now basically paperweights.
- Jefferies thinks the real damage could be closer to $10B in lost revenue 😳
- Bernstein is calling it out too: “The ban makes no sense. Chinese competitors already make worse chips.”
- Even Wall Street’s stunned. Most thought the Biden admin was chilling out on H20 controls. Nope.
To make things even more awkward, Nvidia had just promised to spend $500B building AI infrastructure in the US over the next four years. Timing? Impeccable 🙃
🤔 Asia Forex Mentor Insights
This isn’t just about Nvidia — it’s a major plot twist in the global AI arms race.
The US wants to keep China from training top-tier AI. China wants to go full-send on domestic innovation. And Nvidia? Caught right in the middle.
Here’s what we’re watching:
👉 If these chip bans stick, expect Huawei and other Chinese firms to rise FAST
👉 Nvidia could pivot hard to domestic expansion and non-China sales
👉 And in the FX world? This fuels more volatility and safe-haven inflows — think yen, Swiss franc, and gold plays 💰
The bigger question: How far will the US go to kneecap China’s AI future? And how many Nvidia chips get left out in the cold?
MEMES OF THE DAY
Please, just one bounce… 🕯️📈🔮
“Fed surprise rate hike… effective immediately.” 😳📉
