Hello traders, welcome to NVIDIA Wednesday—a day that could set the tone for the rest of the month. Today after the market close, NVIDIA will publish its highly anticipated earnings. Expectations are high: EPS at 1.25 and revenue at 54.8 billion. Whether NVIDIA beats or disappoints will likely dictate the next directional push on indices, especially as U.S. equities struggle to regain footing.
American indices continue to feel the pressure. The S&P 500 has just logged its fifth consecutive bearish session, and although Wednesday opens with a mild bounce, it’s nothing more than a cautious attempt at stabilization. True sentiment will reveal itself after the earnings results from NVIDIA.
Cryptocurrencies are also under pressure. Bitcoin is currently forming its fourth consecutive bearish weekly candle, and while yesterday brought modest gains to both Bitcoin and Ethereum, the attempt at reversal lacks strong momentum. Upside remains fragile.
On the currency front, the standout move today is the pronounced weakness in the Swiss franc, paired with notable strength in the U.S. dollar. EURUSD has slipped to new weekly lows. Commodity currencies like the Australian dollar and New Zealand dollar are also under visible pressure.
Commodities bring a more mixed picture. Oil continues to move sideways, waiting for a catalyst. Meanwhile, gold and silver show clearer direction, both extending yesterday’s bullish uptick. Silver is edging toward $52, while gold is trading firmly above $4,100, signaling strong demand for precious metals.
NVIDIA’s earnings will be the focal point today—expect heightened volatility and potentially significant spillover effects across indices, tech stocks, and even broader risk sentiment.