Analyst: Investors are now shifting to a risk-off mode, reducing overall risk exposure. The Federal Reserve meeting minutes and NVIDIA's financial report will impact the short-term direction.
BlockBeats News, November 18th, Cryptoquant analyst Axel posted on social media, stating that the current stock market volatility is rising in sync with the rate/credit market volatility, indicating that the market is shifting to risk-off mode. In this environment, funds and institutional investors are starting to significantly reduce their portfolio risk exposure.
The price of gold has fallen for four consecutive trading days, currently retreating to the $4,033 level. Investors are closely watching several delayed U.S. economic data releases scheduled for this week.
The key catalyst will be the Federal Reserve meeting minutes set to be released at 3 a.m. Thursday Beijing time, providing not only forward guidance on the interest rate path but also assisting the market in assessing the short-term trajectory of monetary policy.
Furthermore, the artificial intelligence sector is adding additional pressure to the market. Ahead of Nvidia's third-quarter earnings report after Wednesday's market close (5 a.m. Thursday Beijing time), investors are feeling nervous, as this company has always been a key market indicator in the entire AI field.
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