Stocks rise despite stronger Dollar, another explosion ahead?
Important news for the day
- Wed, 27th, 03:30 CET AU Consumer prices index.
Nvidia earnings
The AI boom is still ruling financial markets and today’s earnings of Nvidia might be a test on how much more upside should be expected. The price of the company has been rising more than 30% so far this year and hence also helped lifting the S&P 500 index. The company has been the first with a market value of more than USD 4 trillion. Some investors point out that the company is more like a measuring tool for the entire economy and hence the release might be a strong statement today.
Market talk
Today’s earnings report of Nvidia might lift markets even further. Equities and in particular the S&P 500 index have been rising again as the positive risk sentiment returns. The Dollar remains slightly positive and a stronger than expected PCE price index from the US on Friday might also help pushing the Dollar higher. The upcoming trading days might remain volatile as the month is coming to an end. Traders might take profits while closing their books.
Tendencies in the markets
Equities positive, USD stronger, BTC sideways, ETH positive, oil weaker, Silver correcting, Gold weaker, JPY sideways.
- Markets in focus.
Author
Frank Walbaum
FX Strategies.Asia
Frank has been working in the TV business for several years. Acquiring his skills in Germany’s biggest broadcasting station, he then chose to work and live in Asia, which was in 2007.
