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September 2nd - According to foreign media citing sources familiar with the matter, AI programming startup Cognition AI is about to complete a new round of financing, which will boost its valuation to approximately $47 billion. Sources revealed that the companys latest round of financing is approximately $1 billion. One source indicated that due to the much higher-than-expected demand for this round of financing, the final size of the funding round may exceed $1 billion. He added that Cognition has received nearly $10 billion in investment intentions. Sources indicated that negotiations are still ongoing, and specific details are still subject to change.September 2nd - According to foreign media citing sources familiar with the matter, Nvidia (NVDA.O) is in advanced talks to acquire artificial intelligence startup Hugging Face in a deal worth approximately $14 billion. One source indicated that Nvidia could reach an agreement as early as this week to acquire Hugging Face for $12.9 billion. The source stated that the deal may include a $1 billion employee retention program. The sources also indicated that no final agreement has been reached, and the timing and specific terms of the deal are still subject to change. Acquiring Hugging Face would be Nvidias largest move since Jensen Huang expanded the application of artificial intelligence and broadened its customer base. This transaction would give Nvidia control of a key platform where global developers can showcase and share AI models.On September 2nd, Bank of Japan Governor Kazuo Ueda stated that he would consider the risks of rising prices when deciding on monetary policy, a statement that could further fuel market speculation about a rate hike at the BOJs policy meeting later this month. Speaking after the G20 finance ministers and central bank governors meeting, Ueda said the BOJ would, as always, have a thorough discussion on monetary policy at its next meeting. Ueda declined to comment on the markets strong expectations for a September rate hike. However, he stated that recent economic data was consistent with the BOJs previous outlook. This key statement suggests that the BOJ is proceeding with its planned further rate hike. The BOJ has previously indicated that future policy discussions will focus on the risks of rising prices. Uedas remarks come as US Treasury Secretary Scott Bessant further called for appropriate policy action from the BOJ this week, further reinforcing market expectations of an imminent rate hike. Overnight index swaps indicate that the market believes there is approximately a 99% probability of a BOJ rate hike in September.U.S. Energy Secretary Wright: 17 million barrels of oil passed through the Strait of Hormuz on Monday.Bank of Japan Governor Kazuo Ueda: We are closely monitoring foreign exchange fluctuations, which are one of the risk factors for price prospects.

The Crude Oil Markets Have Had a Successful Week

Larissa Barlow

Apr 18, 2022 10:00

截屏2022-04-18 上午9.27.48.png 

Weekly Technical Analysis of WTI Crude Oil

The West Texas Intermediate Crude Oil market originally retreated somewhat throughout the trading week, but found enough support beneath to reverse course and surge upward. Thus, the market has rebounded rather nicely, implying that perhaps oil is not quite ready to collapse after all. We broke over the previous week's lengthy neutral candle, indicating that buyers have moved in to maintain pressure. At this time, crude appears to be heading towards the $115 level. Subsequently, it appears as though the $93.50 level is providing strong support.

Weekly Technical Analysis of Brent Crude Oil

Brent markets have also demonstrated considerable support, breaching over the $111 level at the week's finish. At this time, it appears as though we will threaten the highs once more, as we are on the verge of a complete reversal. It appeared as though we were about to break down, but the market was spared by the critical uptrend line. Generally speaking, this is a market that appears to be attempting to reach the $120 level.

 

Short-term pullbacks should continue to offer buying chances as long as we maintain a price over $100, and thus it is likely that the trend has fully redeemed itself. With that in mind, the market is likely to see buyers reenter, and as a result, I am not interested in selling till we break below the $95 level. If we break below that level, it is likely that we will head straight for the $90 level.

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