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Nvidia CEO Jensen Huang says the U.S. and China are nearly neck and neck in the race for AI chip leadership.

• Speaking on Capitol Hill, Huang stated, “China is not behind,” and clarified, “China is right behind us. We’re very, very close.”

• Huang’s comments come as the Trump administration prepares new restrictions on Nvidia’s chip sales to China, requiring special licenses to export its H20 chips.

• In a recent SEC filing, Nvidia confirmed it had been notified by the administration of the pending export controls.

• Huang also warned of intensifying competition from Huawei, saying:
  “There’s no question that Huawei is one of the most formidable technology companies in the world… They’ve made enormous progress in the last several years.”

• To maintain U.S. leadership, Huang urged Washington to adopt an “industry-oriented energy policy” and expand support for chip production and global distribution.

This article was written by Eamonn Sheridan at www.forexlive.com.

Here’s how much of a cash buffer you should keep in your checking account to avoid overdraft fees.

South Korea April 2025 exports +3.7% vs. expected -2.0% and prior 3.0%

• imports -2.7% vsl expected -7.0%, prior +2.3%

The exports surprise may have been pipeline stuffing ahead of tariffs (Trump paused tariffs only a few days after the announcement disaster). Just a guess.

This article was written by Eamonn Sheridan at www.forexlive.com.

US core PCE price index, Fed’s preferred inflation gauge, came in flat on a monthly basis in March, undershooting expectations of 0.1% mom rise. Headline PCE index was also flat, matched expectations. On a year-over-year basis, core PCE inflation eased from 3.0% to 2.6%, offering some reassurance that underlying price pressures are gradually moderating. Headline […]

The post US core PCE inflation cools to 2.6%, spending remains resilient appeared first on Action Forex.

NQ, ES and the other indices all opened higher.

The above is a CFD reflecting ES. It had a huge bounce from lows on Wednesday, carrying on after Globex reopened.

This article was written by Eamonn Sheridan at www.forexlive.com.

Gross domestic product was expected to rise at a 0.4% annualized pace in the first quarter, according to the Dow Jones consensus estimate.