Instrument: US100
Bullish Preference:
Buy position is envisaged if price trades above 15439.53 With take profit at 15485.82.
Bearish Preference:
Sell position is envisaged if price trades below 15348.72 with Take profit at 15295.31
Fundamentals:
1:30pm
USD Unemployment Claims
USD Core Durable Goods Orders m/m
USD Durable Goods Orders m/m
USD All Day Jackson Hole Symposium
Comment:
Nasdaq 100 index jumped in the early hours of Thursday after record results from Nvidia (NASDAQ:NVDA), the world’s most valuable chipmaker, boosted confidence about the artificial intelligence (AI) boom.
The results, reported late on Wednesday, were driven by an artificial intelligence boom fueled demand for its chips, and will boost its position in the prized trillion-dollar market value club it entered earlier this year.
Nvidia’s Frankfurt-listed shares jumped 9.0% in European trading after the company’s quarterly revenue target far exceeded expectations and the chipmaker said it would buy back $25 billion in stock.
Analysis: SCRUM Team