Markets on Edge as Nvidia Earnings and Fed Minutes Take Center Stage
Today’s Market Mood, Key Events, Market Moving News.
📈 Market Mood:
🔻 Bearish. Rising volatility and weak global equity sentiment keep traders defensive.
🗓 Key Events:
07:00 London / 02:00 New York - UK CPI y/y - major inflation print guiding BOE expectations.
19:00 London / 14:00 New York - FOMC Meeting Minutes - key insight into Fed’s stance as markets question December cuts.
🌐 Market Moving News:
Markets wobble ahead of Nvidia earnings.
Nvidia set for $320B implied swing based on options pricing.
Foreign demand for US Treasuries drops as Japan steps up buying.
Asset Snapshots:
🔴 S&P 500: Bearish - another red day with tech pressure and rising VIX.
⚪ USD (DXY): Neutral - holding near 100 with mixed rate expectations.
🟢 Gold: Bullish - benefiting from risk-off sentiment.
⚪ Oil: Neutral - stuck in range as sanctions and stockpile data offset each other.
🔴 Bitcoin: Bearish - still under pressure from crypto market deleveraging.
Volatility S&P 500 Index (VIX): 24.68 - VIX rising sharply, signaling growing fear and hedging ahead of Fed minutes and Nvidia earnings.
Macro Bias:
Shows overall bullish, bearish, or neutral trends across major markets based on key economic data. It reflects how indicators like GDP, inflation, employment, retail sales, and PMIs are performing. When data improves, the bias turns bullish; when it weakens, bearish; when mixed, neutral.
Indicies:
🟢 S&P 500: Bullish
🟢 Nasdaq 100: Bullish
Currencies:
⚪ USD: Neutral
⚪ EUR: Neutral
⚪ JPY: Neutral
⚪ GBP: Neutral
🟢 AUD: Bullish
🟢 CAD: Bullish
⚪ CHF: Neutral
Commodities:
⚪ Gold: Neutral
⚪ Oil: Neutral
Crypto:
🟢 Bitcoin: Bullish
🪙 Price Action Notes:
Watching SPX 6,600 - a key support level repeatedly tested.
DXY holding 99.50 - a break above 100 could pressure risk assets further.
Disclaimer:
This newsletter is for information only and not financial advice. Markets carry risk, and past performance does not guarantee future results. Always do your own research or consult a qualified advisor before making investment decisions.