Boosted by a rise in U.S. information technology stocks on Friday, tech shares led Asian markets higher. Oil prices climbed following tanker attacks in the Strait of Hormuz between the U.S. and Iran, while gold prices hovered around 4,400.
Last week, OpenAI announced it would release its next-generation technology, GPT-6, positioning it as a key milestone toward building so-called general artificial intelligence over the past decade.
The rally in tech stocks indicates that AI-related trading remains strong. Stocks expected to benefit from the widespread adoption of this new technology have been global market leaders in recent years, continuing to rise on Monday even after strong U.S. nonfarm employment data on Friday further reinforced expectations of a Federal Reserve rate hike this month.
According to data released Friday by the U.S. Bureau of Labor Statistics, nonfarm payrolls increased by 162,000 in August, while July’s unemployment figure was revised to zero.
“Although long-term structural issues persist, the labor market has shown signs of short-term cyclical strength,” said Adam Hickling, senior economist at Vanguard. “This report itself is unlikely to substantially affect the Fed’s outlook. The labor market remains resilient enough for inflation to remain the main focus.”
Following the report’s release, President Donald Trump commented on social media, calling on the Federal Reserve to cut interest rates.
Plugin Case Analysis
Gold: After the nonfarm report, prices dropped from around 4,460 to near 4,360, then consolidated. Today’s focus is on potential breakout. If prices break upward, consider buying on pullbacks; if they break downward, watch for rebound signals after liquidity cleansing near 4,360/50.
(Gold 15-minute chart)
Nasdaq: Prices rebounded after entering the yellow zone indicated by our plugin alert, but failed to reach recent highs. Although there was a breakout attempt during the day, with North American markets closed due to holiday, liquidity weakened, so we recommend waiting and observing.
(Nasdaq 15-minute chart)
Crude oil: Prices entered the 90–95 range. Our strategy focuses primarily on selling after a surge to clear liquidity, followed by shorting on pullbacks.
(Crude oil 15-minute chart)
Key financial data and events today:
U.S. Labor Day holiday—markets closed for one day