Preview of NVDA earnings reaction

Monica Kingsley Monicakingsley

S&P 500 bullish gap, dip after the opening bell, and steep rise – great to play long NDX in intraday terms for some 150pts up. This is about more than EU tariffs delay – it‘s about retreat in bond yields and USD taking on 100 again. Today we have NVDA earnings – it‘s about guidance rather than the present or latest past. Concentrate on new solutions to sell to China, unsatiable appetite from UAE and Saudi Arabia – they will guide higher, and what will the current shorts do on a surprise? Way more details are revealed in today‘s video covering BTC, gold and oil too – the best gems are featured below, reserved for clients.

Make sure to review the weekend video too – USD 100-101 zone is coming back, and stock bulls are eyeing dollar strength, pay attention to FOMC minutes as well (great voting members uncertainty ahead).

Author

Monica Kingsley

Monicakingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020.

EUR/USD faces next resistance near 1.1930

EUR/USD continues to build on its recovery in the latter part of Wednesday’s session, with upside momentum accelerating as the pair retargets the key 1.1900 barrier amid a further loss of traction in the US Dollar. Attention now shifts squarely to the US data docket, with labour market figures and the always influential CPI releases due on Thursday and Friday, respectively.

GBP/USD sticks to the bullish tone near 1.3660

GBP/USD maintains its solid performance on Wednesday, hovering around the 1.3660 zone as the Greenback surrenders its post-NFP bounce. Cable, in the meantime, should now shift its attention to key UK data due on Thursday, including preliminary GDP gauges.

Gold holds on to higher ground ahead of the next catalyst

Gold keeps the bid tone well in place on Wednesday, retargeting the $5,100 zone per troy ounce on the back of modest losses in the US Dollar and despite firm US Treasury yields across the curve. Moving forward, the yellow metal’s next test will come from the release of US CPI figures on Friday.