Markets Rebound as Nvidia Boosts Risk Appetite - All Eyes on U.S. Jobs Data
Today’s Market Mood, Key Events, Market Moving News.
📈 Market Mood:
▲ Bullish as Nvidia’s strong earnings ease AI bubble fears and lift sentiment across equities.
🗓 Key Events:
13:30 London / 08:30 New York - U.S. Average Hourly Earnings m/m - Key signal for wage inflation and Fed path.
13:30 London / 08:30 New York - U.S. Non-Farm Employment Change - Major labor indicator; surprises move all markets.
13:30 London / 08:30 New York - U.S. Unemployment Rate - Confirms strength or weakness of labor conditions.
15:00 London / 10:00 New York - Existing Home Sales - Tracks consumer strength and rate-sensitive housing sector.
🌐 Market Moving News:
Nvidia tops expectations and cools AI valuation worries.
Global stocks rally as investors shift back into risk after tech relief.
China leaves benchmark lending rates unchanged for sixth straight month.
Oil rebounds ahead of U.S. sanctions deadline, traders watch supply signals.
Asset Snapshots:
🟢 S&P 500: Bullish - Market lifts after tech-led recovery and easing sentiment.
⚪ USD (DXY): Neutral - Holding steady ahead of heavy U.S. data.
🔴 Gold: Bearish - Lower as rate-cut hopes fade and risk appetite improves.
⚪ Oil: Neutral - Stabilizing with sanctions and supply risk in focus.
🟢 Bitcoin: Bullish - Rebounds with broader risk-on mood and easing crypto fears.
Volatility S&P 500 Index (VIX): 23.65 - Slight pullback but still elevated, signaling ongoing macro sensitivity.
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:
Watch SPX for continuation above yesterday’s rally zone.
DXY likely to move sharply after U.S. jobs data.
Gold vulnerable if labor data comes in strong and pushes yields higher.
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.