Fundamental

The S&P 500 continues to see the 7,000 level as a major ceiling in the market, as we are waiting to see whether we can get a daily close above that level.

The NVIDIA market has struggled a bit recently, as traders are starting to question a lot of arrangements in the AI space.

The USD/JPY pair prolongs its uptrend for the fourth straight day – also marking the fifth day of a positive move in the previous six – and climbs to a nearly two-week high, closer to mid-146.00s during the first half of the European session on Wednesday.

The gold market has jumped nicely on Tuesday, as we continue to see plenty of interest in the metals sector. Ultiamtely, this is a good sign, but also a dangerous one.

The US dollar fell during the trading session on Tuesday against the Mexican peso to continue to overall strong downtrend that has been very reliable over the last few months. That being said, this is an interest rate play, and more.

The British pound is slightly positive on Tuesday, as we are trying to turn things around in this market.