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Mon, Aug 24: US Treasury to announce details on US fiscal consolidation; Iran's "Economic D-Day"
Wed, Aug 26: Nvidia's latest quarterly earnings; stock forecasted to react 4.6% up/down
Fri, Aug 28: Fed Chair Kevin Warsh may produce rate hike clues at Jackson Hole
BTC and Gold may climb even higher if market doubts remain over US fiscal consolidation efforts, and Fed's ability to hike rates
Nvidia's earnings outlook could have major say over AI stocks, broader US stock markets
This week, 3 big announcements could each move trillions of dollars!
On Monday, August 24, US Treasury Secretary, Scott Bessent, is set to announce details on an:
(1) "increased focus on (US) fiscal consolidation" (shrink the gap between how much the US government spends vs. how much it earns e.g. from taxes)
(2) "Economic D-Day" on Iran via a sweeping economic isolation campaign, likely involving other major economies around the world
Wednesday, August 26 (after US markets close): Nvidia's latest quarterly earnings
NOTE: Bybit clients can react to Nvidia's earnings announcement, LIVE via CFDs and perpetual contracts.
Friday, August 28: Fed Chair Kevin Warsh's speech at annual Jackson Hole symposium - may provide fresh clues on likelihood of September Fed rate hike.
This week's announcements could jolt various asset classes, including bonds, stocks, cryptos, precious metals etc.
1) Can Bitcoin punch above $80k? Or forced to surrender recent surge?
At the time of writing, Bitcoin is taking a breather after climbing 22.8% last week - its biggest weekly gain since March 2023!
The world's oldest and biggest crypto got a massive boost from last week's shock announcement by the US Treasury, which now plans to buy back more government debt to suppress borrowing costs.
READ MORE:
published Thursday, August 20th: Watch these 4 factors to see if BTC can move even higher.
published Friday, August 21st: Understand why the US Treasury's shock announcement is boosting BTC
Potential Scenarios
UPSIDE: Bitcoin may zoom towards the psychologically-important $90k level if markets do not believe that the US Treasury has meaningful ways to implement "fiscal consolidation". BTC may also enjoy a further boost if Fed Chair Warsh on Friday prompts markets to keep doubting the prospects of Fed rate hikes in the months ahead.
As we shared in last Friday's (Aug 21st) Market Pulse report ...
A return to $82,500 would surpass the break even price for many retail Bitcoin ETF investors, and may entice fresh funds in from the sidelines for BTC to march back towards the psychologically-important $100k level!
DOWNSIDE: Bitcoin may falter back to the psychologically-important $70k level if markets buy into the US Treasury's plans for "fiscal consolidation", convincing traders and investors that the US government has meaningful and believable ways to rein in the US fiscal deficit, while Chair Warsh on Friday prompts markets to raise expectations for a Fed rate hike(s) in the months ahead.
NOTE: We had also warned of the prospects of a "technical pullback" in last Friday's Market Pulse report, given that BTC's 14-day relative strength index (RSI) has gone deep into "overbought" territory (prices rose too much too fast).
2) Will Gold stay above its 200-day SMA?
Gold is now building on its recent gains, coming off a third-straight weekly advance - its longest such winning streak since April 2026.
Potential Scenarios
As we shared in last Friday's (Aug 21st) Market Pulse report ...
The Bloomberg model forecasts a 72% chance that XAUUSD trades between $4426 - $4750 through Fri, Aug 28th.
UPSIDE: Gold may hit a 4-month high around $4750 if the US Treasury fails to convince markets that it has meaningful ways to implement "fiscal consolidation", and Fed Chair Warsh on Friday prompts markets to dilute hopes for Fed rate hikes in the months ahead.
DOWNSIDE: Gold may drop back below its 200-day simple moving average (SMA) and potentially test support around its 100-day SMA should the US dollar strengthen as markets buy into the US Treasury's plans for "fiscal consolidation", while Chair Warsh on Friday prompts markets to raise expectations for a Fed rate hike(s) in the months ahead.
3) Nvidia forecasted to move 4.6% up/down post-earnings
Nvidia is the world's biggest company, valued at US$ 5.2 trillion - and is at the epicenter of the global AI buildout.
READ MORE (published July 17th): Apple vs. Nvidia - Which will end 2026 as "world's most valuable company"?
Nvidia reports its Q2 FY2027 results after US markets close on Wednesday, Aug 26th.
Analysts broadly expect another "beat and raise" quarter — meaning Nvidia beats its own revenue guidance and then sets an even higher bar for next quarter.
But here's the twist ...
A strong result alone may not be enough to move the stock meaningfully higher.
Investors are increasingly focused on longer-term questions — about margins, competition, and whether Nvidia's AI financing deals create conflicts of interest.
Key Themes to Watch
Blackwell Ultra demand: Nvidia's latest Blackwell Ultra chips are driving the bulk of near-term revenue. Watch whether demand commentary gets stronger or shows any signs of softening.
Vera Rubin - the next big thing: Nvidia's next-generation Vera Rubin (VR200) chips are expected to begin ramping in Q3 FY2027. Any update on the pace of that ramp — and the even newer Vera Rubin Ultra (VR300) - will be closely watched as a signal for Nvidia's 2027 earnings power.
Revenue beat expectations: Analysts expect Q2 revenue to come in around $93–94 billion - already well above Nvidia's own guidance - with some projecting a beat of $3–4 billion above consensus.
Watch for Q3 revenue guidance: analysts are looking for $107–108 billion.
Gross margins: Margins are expected to hold in the 73–75% range. Any compression here - especially as Vera Rubin ramps and memory costs rise - would be a key concern for investors.
The $1 trillion pipeline: Nvidia disclosed a $1 trillion+ combined Blackwell + Rubin order pipeline back in March 2026. Investors will want an update on how much of that has been recognised as revenue - and how much remains ahead.
Circular financing risk: Nvidia has teamed up with major financial institutions to help fund over $500 billion in AI infrastructure - some of which flows back to Nvidia as revenue. Investors are asking whether this creates a conflict of interest, and management will likely be pressed on this.
Price hikes incoming: Nvidia has reportedly notified some of its biggest customers that server prices will rise more than 15% on systems shipped early next year - covering Vera Rubin and Grace Blackwell systems. Watch for any customer reaction or demand impact commentary.
China & export restrictions: Any update on China accelerator sales - currently restricted by US export controls — remains a wildcard. Even limited China upside could be a positive surprise.
Potential Scenarios
Markets predict that Nvidia's share prices will react with a 4.6% move up/down following its earnings results.
IMPORTANT: Bybit clients can react to the live announcements via CFDs and perpetual contracts.
UPSIDE: Nvidia may rally toward ~$225.13 if Q2 revenue beats expectations, Q3 guidance comes in above $107 billion, and management delivers a confident update on the Vera Rubin ramp - reassuring investors that the next leg of growth is firmly on track while diluting concerns over circular financing risk and regulatory restrictions.
DOWNSIDE: Nvidia may slide toward ~$205.33 if gross margins disappoint, Q3 guidance underwhelms, or management fails to address investor concerns around circular financing and longer-term competition from custom AI chips.
Wall Street's 12-month consensus analyst target for Nvidia sits at $314.26 - about 46.4% above Friday's (Aug 21st) close.
NOTE: That 12-month price target may shift significantly depending on what management says about its revenue trajectory and margin outlook. Watch for analyst recommendation revisions post-earnings.
READ MORE: US stock indices may offer less volatility ahead of such a major earning announcement.
DISCLAIMER: This article is provided for general information purposes only and reflects publicly available data and research at the time of writing. It does not constitute investment advice, nor an offer or solicitation to buy or sell any financial instruments or digital assets. Past performance is not indicative of future results. Your ability to access or use any products or services mentioned may be subject to the laws and regulatory requirements of your jurisdiction.
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