Hello traders, welcome to Thursday. Today the market is digesting the highly anticipated earnings report from NVIDIA, released yesterday after the market close. The company delivered results above expectations, and futures reacted instantly — pushing higher in the overnight session. NVIDIA’s own share price is set for a bullish gap, as pre-market trading indicates gains of around 6%, with the stock projected to open near 198 USD. Naturally, this is supporting overall market sentiment and helping indices recover after several days of pressure.
On the macro side, we have an unusual setup: non-farm payrolls will be released today, not on the traditional first Friday of the month, due to the government shutdown disruptions. The key question is whether today’s figures will contain the full set of data, or whether we will get an incomplete reading. Either way, volatility may rise around the publication.
Looking at broader market moves:
– Indices are flashing green, with futures continuing to climb as optimism returns.
– Currencies show ongoing weakness in the Japanese yen and euro, while British pound and the antipodeans (AUD and NZD) are gaining.
– The US dollar, after an extremely strong Wednesday, is flat so far.
– Commodities remain muted: metals are moving sideways with no dominant bias, and oil is also ranging.
– Cryptocurrencies, however, remain under heavy pressure. Both Bitcoin and Ethereum printed new long-term lows yesterday, signaling that bearish sentiment continues to dominate the space.