Market Focus Analysis:
Pulse Focus 1: NVIDIA (NVDA.O) reported another quarter of earnings exceeding market expectations and projected approximately 70% year-over-year revenue growth for the upcoming fiscal year. The company forecasted Q3 revenue of around $108 billion, plus or minus 2%, surpassing Wall Street’s prior estimate of about $104 billion. If achieved, this would mark the first time NVIDIA’s quarterly revenue exceeds $100 billion.
Focus Interpretation: Following the release of its earnings report, NVIDIA’s stock initially declined. However, after announcing its next-quarter revenue guidance, the price stabilized and recovered. Additionally, the company committed to maintaining investment spending, providing emotional support to the broader U.S. tech sector. As the flagship of dollar-denominated assets, technology stocks are the cornerstone of the U.S. equity market. Despite short-term volatility, a return to the 30,000-point level remains highly likely.
Instrument Reminder: The Nasdaq 100 index completed a阶段性 bottoming pattern in the 29,000–29,200 range. Overnight, buoyed by positive news from NVIDIA, it reclaimed the 29,500 level. Today, focus on signals of consolidation and breakout near 29,500; potential upside targets include 29,800 and 30,000.
Pulse Focus 2: The U.S. July PCE annual rate remained unchanged at 3.7%, compared to an expected 3.6%; core PCE also held steady at 3.3%.
Focus Interpretation: Although the PCE data did not show a significant decline, given the consecutive downward trends in CPI, PPI, wage growth, and job vacancies, the market’s view on cooling inflation remains largely unchanged. Overnight, gold prices initially dropped from 4,630 to 4,580 but quickly regained all lost ground. This indicates that markets regard the PCE figure as just one data point among many inflation indicators.
Instrument Reminder: After the PCE data release, gold prices formed a U-shaped reversal—first falling then rising overnight. Today, watch for a retest of the key resistance zone around 4,630/4,640. If the rebound continues, target levels could extend to 4,665 and 4,680.
Plugin Case Examples
Gold: With the PCE data failing to show a sharp drop, gold briefly dipped to around 4,580. However, it has since mostly recovered the losses caused by the data release. The key resistance above is currently around 4,640. A break and retest of this level could lead to further gains toward 4,660 and 4,680.
(Gold 15-minute chart)
Nasdaq: Overnight, after prices fell to our plugin’s green buy limit zone, they strongly rallied above 29,500, delivering nearly a 9:1 risk-reward ratio. Today, we continue monitoring the consolidation near 29,500. If a convergent breakout occurs, we may pursue momentum signals; alternatively, wait for a pullback into the yellow zone to absorb liquidity before entering long.
(Nasdaq 15-minute chart)
Crude Oil: After yesterday’s price broke below the blue zone indicated by our plugin, there was a minor dip, followed by a recovery back above 83.50. Today, we monitor the supply zone resistance left near 83.50 overnight. After clearing liquidity at this level, if prices retrace again, we recommend considering a sell entry.
(Crude Oil 15-minute chart)
Key Financial Data and Events to Watch Today:
20:30 U.S. Initial Jobless Claims for the Week Ending August 22 (in thousands)
