- This topic has 27,652 replies, 54 voices, and was last updated 1 hour, 51 minutes ago by .
-
NAS100 (NASDAQ) 4 HOUR: Waiting for Nvidia
Trend: Longer-term consolidating
Momentum: Short-term down slowed
Trying to build on its higher low (28944) that would need to take out 29450 and then 29600-670 (on this CFD chart) to shift the focus back to 30K.
Otherwise, wait is on for Nvidia earnings after the close and likely to hold a bid while aboive 29K trades.
NAS100 (NASDAQ) 4 HOUR: Waiting for Nvidia
Trend: Longer-term consolidating
Momentum: Short-term down slowed
Trying to build on its higher low (28944) that would need to take out 29450 and then 29600-670 (on this CFD chart) to shift the focus back to 30K.
Otherwise, wait is on for Nvidia earnings after the close and likely to hold a bid while aboive 29K trades.
US bond yields tick up… ripple effects (softer stocks, firmer USD)
July Core PCE in line with consensus… minor disappointment it did not come in softer
US PRE-MARKET MOVERS: INTU, ZM, KSS, ANF, SJM, SEDG, NVDA
ES -0.1% NQ -0.2% RTY -0.1%
Newsquawk Daily US Opening News – 26th August 2026
(Right click on any image (or chart) to open a full screen in a new tab)
GBPUSD 4 HOUR: Too tight to last
Trend: UP
Momentum: Consolidating
Consolidating within 1.3618-56, a range too tight to last but with a lower high making the downside more vulnerable, at least as long as the top end holds.
Fallback support is at 1.3589, which needs to hold to keep thoughts away from 1.3500-20.
XAUUSD (GOLD) 4 HOUR: On the defensive but…
Trend: UP
Momentum: Up slowing
As noted yesterday, there were signs of a potential pause after the spike high to 4697 and the lower high today makes it dependent on 4594 holding to keep the downside in check or risk putting 4500 back on the map.
Otherwise, 4650 will remain pivotal if trade stays within 4600-4700.
To put price action in perspective, 4519 = 23.6% (of 3942 => 4697_
Forex Market Snapshot
The dollar is trading mixed with various currencies trading in opposite directions, suggesting cross flows dominating more than outright trading vs. the U.S. dollar. JPY and AUD are trading firmer while the other majors are trading weaker.
In this regard, in this snapshot, red arrows indicate a currency is down vs. the dollar, green arrows indicating a currency is trading firmer (e.g. AUD vs NZD).
What is an Eightcap Day Trader Challenge?
Traditional prop evaluations can take days or weeks. The Eightcap Day Trader Challenge compresses the experience into one focused trading session…. Read more
COMING UP: Data: Australian CPI (Jul), US Durable Goods (Jul), PCE (Jul), GDP 2nd (Q2), Atlanta Fed GDP (Q3)
Speakers: ECB’s Cipollone Supply: Germany, Italy,
US Earnings: Nvidia, Salesforce, CrowdStrike.
Newsquawk US Market Wrap – Stocks bid, yields down as crude slumps on US/Iran ceasefire reports
SNAPSHOT: Equities up, Treasuries up, Crude down, Dollar down, Gold up.
(Right click on any image (or chart) to open a full screen in a new tab)
Market Update
EURUSD: Downside contained by the pause above 1.1650 but that just lowers the bottom oif the range to 1.1711 with 1.1775-87 ahead of it.
US500: Pause above the 7640 low has potential to form a higher low but only confirmed if 7700+ trades.
XTIUSD: Turning on the defensive but faces supports still below the market.
\US500 4 HOUR: Watch 7700
Trend: Long term up Momentum: Short-term down but consolidating
What caught my eye is the pause just below 7700, which capped the upside although it would take a move above 7727 (on this CFD chart) to break down momentum. On the downside, move still contained while above 7604, the low at 7640 protecting it.
NAS100 (NASDAQ) 4 HOUR: 29K still pivotal
Trend: Longer-term consolidating Momentum: Short-term down slowed
Support below 29K and a higher low giving hope to the bull side as they try to hang in ahead of Nvidia earnings tomorrow. However, it has not gone far enough to shake a focus from 29K although downside momentum is cooled while above 28944 On the upside, would need to take out 29450 (on this CFD chart) to put bulls back in control;.
- You must be logged in to reply to this topic.