Asian equities edged higher, while U.S. stock futures declined, with traders adopting a wait-and-see stance ahead of Warsh’s remarks in Jackson Hole, seeking clues on the direction of interest rates.
The MSCI Asia-Pacific index rose 0.4%, nearly flat overall. Wall Street futures dipped slightly after initial enthusiasm for artificial intelligence faded following Nvidia’s upbeat outlook. The Nasdaq 100 futures fell 0.1%, weighed down by Marvell Technology Inc., whose shares dropped more than 7% in after-hours trading following its earnings release.
Warsh is set to speak at the Fed’s annual symposium in Jackson Hole, Wyoming, and some investors expect him to deliver a hawkish message. However, given the recent sharp decline in inflation and employment data, we believe Warsh may lean toward a neutral or moderately dovish tone.
Mild volatility across asset classes suggests traders are reluctant to build positions ahead of Warsh’s speech, with investors closely watching how the Fed plans to balance persistent inflation with economic cooling.
Plugin Case Analysis
Gold: Since this week, prices have maintained a downward channel trend, though the prior upward movement from 3,950 to 4,700 remains intact. If Warsh delivers a moderate statement, gold could initially dip before rebounding during the day. Watch for potential bounce signals around the 4,650 support level; otherwise, remain cautious. For detailed positioning, please consult the plugin.
(Gold 15-minute chart)
Nasdaq: Yesterday, our plugin highlighted the blue zone, advising to place a buy limit order only after breaking above 29,620. This setup now offers at least a 1:1 risk-reward ratio. Continue monitoring for pullback buying opportunities after momentum breaks through, but new positions should only be opened once the price surpasses 27,000 today.
(Nasdaq 15-minute chart)
Crude Oil: Yesterday, prices broke above the upper yellow zone but failed to retrace. Today, the key pivot near 83.50 will determine market sentiment—only if it holds can longs be considered; a break below would signal bearish bias.
(Crude oil 15-minute chart)
Key Financial Data & Events Today:
22:00 U.S. August University of Michigan Consumer Sentiment Final Reading
22:00 U.S. Initial Estimate of Nonfarm Payrolls Change for 2026 (in thousands)
22:00 First Speech by Fed Chair Warsh at the Jackson Hole Global Central Bank Symposium
