Nvidia’s quarterly results are seen as pivotal for the AI-led equity run. Economists at ING analyze a busy busy day ahead of Jackson Hole.
An event to keep an eye on today will be the release of quarterly results from Nvidia. The firm is a key player in the AI space and some see today’s results as a key turning point for the recent AI-led equity rally. The impact will likely extend to the currency market.
Still, with Jackson Hole kicking off tomorrow and the material risk of Fed Chair Jerome Powell reiterating a hawkish message, any Dollar bearish trend may struggle to find solid momentum.