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Forex Market Snapshot
The forex, along with other global markets, remains in a wait-and-see mode to see if the no peace, no war stalemate will be broken one way or the other.
This has seen the dollar firm with AUD and NZD umderperformance siggesting risk off but so far not confirmed by US equities. in what is setting up as another headline driven day.
Nvidia Corp Stocks – NVDA
NVIDIA Corp NVDA is expected to show a rise in quarterly revenue when it reports results on May 20 for the period ending April 30 2026.
Expected to post earnings of $1.76 a share
The current average analyst rating on the shares is “Buy” and the breakdown of recommendations is 57 “strong buy” or “buy,” 3 “hold” and 1 “sell” or “strong sell.
Newsquawk US Market Wrap: Markets chop to geopolitics while Trump holds off on immediate Iran attack
SNAPSHOT: Equities mixed, Treasuries steepen, Crude choppy, Dollar down, Gold up
(Right click on any image (or chart) to open a full screen in a new tab)
XAUUSD vs BTCUSD
XAUUSD: Bounce from sub-4500 gives hopes to the bull side and confirms this aS the pivotal level but only a break of 4584 and the trendline would shift the focus from it.
BTCUSD: Remains hostrage to the risk on/off mood so keep an eye on whether it continues to correlate. If the range is 76-80K, then 78 is pivotal. If range is 75-80K, 77500 is pivotal in setting its trading tone.
XAUUSD BTCUSD
The other focus: UK politics
GBPUSD up sharply, GBP crosses up as well (note EURUSD follows with lag as EURGBP down sharply)
]Risk takes a modest hit… cautious reactions until news is confirmed
US PRE-MARKET MOVERS: REGN, F, D, RAMP, UNH, BIO, NOW
ES -0.2% NQ -0.1% RTY -0.1%
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