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Futures Drift as Markets Await PCE & Rate Cut Clues — Aug 29 Trading Blueprint

Market Overview & Sentiment News Global markets take a breather: World equities pulled back slightly from record highs, with the STOXX 600 down around 0.4% as British bank stocks slid and political risks in France weighed. MSCI’s global index remains near peaks, signalling underlying resilience. Fed cut bets intensify: Fed Governor Christopher Waller repeated his call for a September rate cut and traders now price roughly an 85% chance of a 25‑bp move. The legal fight over former President Trump’s attempt to dismiss Governor Lisa Cook has thrust central‑bank independence into the spotlight. Gold and dollar dynamics: Gold is holding near $3,414 /oz after gaining 3.6% in August, while the U.S. dollar is on track for a roughly 2% monthly drop as yields hover just above two‑week lows. A tame PCE print would keep real rates anchored and support risk assets. Oil and commodities: Brent crude trades around $68 and WTI near $64 as traders balance fading U.S. su...
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Post‑Nvidia Hangover: Futures Drift Ahead of GDP Revamp and Fed Speeches — Aug 28 Trading Blueprint

Post‑Nvidia Hangover: Futures Drift Ahead of GDP Revamp and Fed Speeches — Aug 28 Trading Blueprint Market Overview & Sentiment News Nvidia earnings wobble: Global equities were modestly higher despite nervousness in tech stocks. Nvidia’s post‑earnings slide of about 2.2% in pre‑market trading signalled profit‑taking after its AI‑driven surge and highlighted investor sensitivity to any slip in its data‑centre revenue. The MSCI World index edged up 0.1% and the STOXX 600 gained roughly 0.4%, suggesting resilience outside the mega‑cap tech sector. Fed independence and rate expectations: Traders priced an ~88% chance of a 25‑bp cut at the September FOMC meeting, with the 2‑year Treasury yield near multi‑month lows. However, former President Trump’s attempt to dismiss Fed Governor Lisa Cook fuelled debate over the central bank’s independence. New York Fed President John Williams reiterated that any easing will depend on upcoming data. Oil and commodity pulse: O...
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Pre‑Nvidia Playbook: Futures Hold Firm as Fed Independence Tested — August 27 Trading Blueprint

Pre‑Nvidia Playbook: Futures Hold Firm as Fed Independence Tested — August 27 Trading Blueprint Market Overview & Sentiment News Equity futures steady ahead of AI bellwether: U.S. index futures were essentially flat as traders awaited Nvidia’s after‑hours earnings, which are expected to test the AI‑driven rally. Reuters noted Dow, S&P 500 and Nasdaq E‑mini contracts up around 0.05%, with options markets implying an approximately $260 billion swing in Nvidia’s market value. Investors are cautious given lofty tech valuations and recent warnings about a potential AI bubble. Fed independence questioned: Market volatility this week has centred on former President Donald Trump’s attempt to fire Federal Reserve Governor Lisa Cook, raising uncertainty over the Fed’s independence. Gold rallied on the headline, but prices eased overnight as the dollar firmed and traders took profits. Rates expectations skew dovish: Markets are pricing an 87% chance of a 25‑basis‑...
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