Asian stocks and Wall Street index futures rose, with the MSCI Asia-Pacific index up 0.7%, led by technology shares, while benchmark indices in South Korea and Taiwan—key indicators for AI investment—also advanced. S&P 500 futures gained 0.4%, and Nasdaq 100 futures rose 0.6%.
After hours of talks in New York with Chinese Vice Premier He Lifeng and other officials, Bernanke told reporters that both sides agreed to establish an AI dialogue mechanism aimed at reaching consensus on the goals and risks of artificial intelligence.
A team led by Joseph Capurso, strategist at Commonwealth Bank of Australia, wrote in a report to clients that the summit “may only serve to stabilize their fragile relationship.”
Meanwhile, there were signs of cooling tensions in the Middle East over the weekend. U.S. media reported that American forces would not launch attacks against the Houthi armed group; Iran also indicated it had conveyed ceasefire terms through a third party. WTI prices fell from 102 back to 98, marking four consecutive trading days of decline. Market focus will now shift to Tuesday and Wednesday’s meetings involving six Gulf countries and Iranian President at the UN General Assembly.
Gold is currently holding steady above the support levels of 4335/4350, with key next targets at 4400 and 4450. The Nasdaq 100 index is more reliant on momentum breakout in the short term, targeting 30,000, or alternatively waiting for a rebound after a pullback near 29,600.
Plugin Case Examples
Gold: After breaking above 4372 last Friday, price retraced into our plugin’s blue zone, stabilizing and halting further declines, then approached the 4400 level again. Today we continue monitoring signals for momentum breakouts above the blue zone and potential liquidity sweeps below the yellow zone.
(Gold 15-minute chart)
Nasdaq: Although yesterday’s price pulled back, it still remains some distance away from our yellow liquidity zone. Price has now risen above 29,800, so short-term attention should be focused on strong breakout signals. Alternatively, watch for a bounce following a pullback toward the liquidity area around 29,600.
(Nasdaq 15-minute chart)
Crude Oil: With market sentiment cooling, prices have broken below the recent consolidation range. Today, priority is given to opportunities for selling on any rebound.
(Crude Oil 15-minute chart)
Key economic data and events today:
18:30 Speech by Goolsbee, 2027 FOMC voter and Chicago Fed president
