Geopolitical tensions were on the headlines yesterday after Ukraine fired its first US missile to Russia after having received the green light from the White House following a two-year wait to do so. Gold and treasuries gained and crude oil jumped but remained short of testing the $70pb offers.

Today, sentiment is better and focus shifts to Nvidia earnings due today, after the closing bell.

The expectations are huge, the valuations are high as well. Nvidia could gain or lose around 8-10% in the aftermath of the earning and trigger a 1-2% rally or selloff in the S&P500.

This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD extends losses to 1.0550 after ECB Negotiated Wages data

EUR/USD extends losses to 1.0550 after ECB Negotiated Wages data

EUR/USD holds lower ground near 1.0550 in European trading on Wednesday. The US Dollar resurgence alongside the US Treasury bond yields higher weighs on the pair. Meanwhile, ECB reported Negotiated Wage Rates rose 5.42% in Q3 but this data failed to support the euro.

EUR/USD News
GBP/USD reverses toward 1.2650, erases UK CPI-led gains

GBP/USD reverses toward 1.2650, erases UK CPI-led gains

GBP/USD is falling back toward 1.2650 in the European session on Wednesday, having erased UK CPI inflation-data-led gains. The data from the UK showed that the annual inflation, as measured by the change in the CPI, rose to 2.3% in October from 1.7% in September. Fedspeak awaited. 

GBP/USD News
Gold price moves away from one-week top on rising US bond yields, modest USD strength

Gold price moves away from one-week top on rising US bond yields, modest USD strength

Gold price retreats after touching a one-and-half-week top earlier this Wednesday and drops to a fresh daily low, below the $2,630 level heading into the European session. A goodish pickup in the US Treasury bond yields, bolstered by bets for a less aggressive policy easing by the Fed, revives the USD demand and undermines demand for the non-yielding yellow metal. 

Gold News
Why is Bitcoin performing better than Ethereum? ETH lags as BTC smashes new all-time high records

Why is Bitcoin performing better than Ethereum? ETH lags as BTC smashes new all-time high records

Bitcoin has outperformed Ethereum in the past two years, setting new highs while the top altcoin struggles to catch up with speed. Several experts exclusively revealed to FXStreet that Ethereum needs global recognition, a stronger narrative and increased on-chain activity for the tide to shift in its favor.

Read more
Sticky UK services inflation to keep BoE cutting gradually

Sticky UK services inflation to keep BoE cutting gradually

Services inflation is set to bounce around 5% into the winter, while headline CPI could get close to 3% in January. That reduces the chance of a rate cut in December, but in the spring, we think there is still a good chance the Bank of England will accelerate its easing cycle.

Read more
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

Majors

Cryptocurrencies

Signatures