The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
US equity indexes closed higher yesterday. The S&P 500 rose 0.32%, and the Nasdaq 100 added 0.66%. The Dow Jones Industrial Average jumped 0.30%.
Despite yesterday's gains, US indexes eased today as traders sat on their hands before Nvidia's results, which have become the principal barometer of the entire AI market. Futures on the S&P 500 were down 0.1%, and on the Nasdaq 100, down 0.2%. Treasuries fell across the curve ahead of the Fed's preferred inflation gauge for July, ignoring a third straight decline in oil prices. The dollar was broadly unchanged, while gold and bitcoin saw modest moves.
The scale of the event is difficult to overstate. Nvidia's market capitalization exceeds $5 trillion, and the results, to be published after the close, are capable of decisively swinging sentiment in either direction. The market is pricing a 5.4% move in the stock in response to the figures, which are expected to show revenue doubling year-on-year.
Notably, profit figures alone no longer drive the market. The key question is not simply whether Nvidia will beat expectations tonight, but what investors will prioritize: the predictability of medium-erm AI demand and the capital expenditure cycle. That is where Nvidia must not disappoint. In short, the market needs confirmation that the investment cycle will continue, not merely quarterly numbers.
Hours before the earnings release, PCE data is due. Economists expect the personal consumption expenditures data to show a 3.6% year-on-year rise in July, which would be the smallest annual increase in four months. By comparison, June's PCE was 4.1% and was the highest since April 2023, so the expected slowdown would represent a material improvement for the Fed ahead of Chair Kevin Warsh's Friday address at Jackson Hole.
A technical picture for the S&P 500 suggests that buyers' immediate task today is to clear resistance at $7,679. That will show strength and open the way to $7,698. Controlling $7,718 would further cement the bulls' position. On the downside, if risk appetite wanes, buyers must defend $7,656. A break there will quickly push the index back to $7,633 and open the road to $7,607.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
