European Shares Hold Near One-Week Highs as Nvidia’s Earnings Lift Chipmakers and Oil Slides on Hormuz Deal | Technical Analysis – European Session | 27-08-2026
European Shares Hold Near One-Week Highs as Nvidia’s Earnings Lift Chipmakers and Oil Slides on Hormuz Deal
EUR/USD · GBP/JPY · EUR/CHF · Silver · Crude Oil · FTSE 100 · EU 20Y · Ethereum · Litecoin — live coverage through the European trading session
European Market News — Live Now, Thursday 27 August 2026
Top-moving headlines shaping the live European session, drawn from ongoing coverage across Reuters, Investing.com, Bloomberg and FXStreet
Nvidia’s Blowout Earnings Lift European Chipmakers as Stock Jumps Up to 5.6% After Hours
Nvidia reported fiscal second-quarter revenue of $96.2 billion and earnings of $2.22 a share, both ahead of Wall Street consensus, with management guiding to third-quarter revenue near $108 billion. Shares surged as much as 5.6% in after-hours trading, the stock’s first clearly positive post-earnings reaction in several quarters, and the updraft is carrying into Thursday’s European session: ASML is up around 2.5%, while STMicroelectronics, Infineon Technologies and BE Semiconductor are all higher between 2% and 4% as investors bet the AI capex cycle still has room to run.
Equities & EarningsOil Extends Slide to a Fourth Session as Iran and Oman Reach Terms on Hormuz Waters and Revenue Split
Brent crude has fallen toward $86-87 a barrel and WTI is trading near $81.85-82.00, extending declines into a fourth consecutive session, after Iran and Oman reportedly reached an agreement covering each country’s share of the Strait of Hormuz’s waters and related revenues. Iranian officials have cautioned that a full reopening of the strategic waterway will require more than a bilateral understanding with Oman, and technical talks on mine-clearing and traffic management are continuing. For ongoing coverage, see our Commodity Analysis desk.
Energy & GeopoliticsDollar Holds Firm Near 99.05-99.10 After Core PCE Confirms Sticky US Inflation
Wednesday’s US Personal Consumption Expenditures report showed headline inflation steady at 3.7% year-on-year and the Fed’s preferred core gauge unchanged at 3.3%, both broadly in line with expectations but well above the central bank’s 2% target. The Dollar Index edged modestly higher on the release and is holding near 99.05-99.10 in early European trade, with EUR/USD consolidating around 1.1660-1.1665 and GBP/JPY firm near 216.80-217.00 as traders weigh the data against Friday’s Jackson Hole keynote from Fed Chair Kevin Warsh.
Central Banks & FXGerman 20-Year Bund Yield Eases to Near 3.44% as Falling Oil Cools Inflation Risk
Germany’s 20-year Bund yield has eased to around 3.44% as the ongoing retreat in crude prices reduces near-term inflation pressure across the Eurozone rates complex. The structural drivers behind the year’s broader repricing, including a heavy calendar of long-dated government debt supply and a September ECB hike that remains close to fully priced, are keeping the pullback in yields shallow rather than a genuine trend reversal, according to several rates desks.
Rates & BondsSilver Holds Above $69 Near Two-Month Highs; FTSE 100 Nurses a Mild Negative Bias
Silver is trading just above $69 an ounce, close to its strongest levels in roughly two months, supported by continued industrial demand from solar, EV and AI data-centre buildout even as the broader precious-metals complex consolidates. The FTSE 100 is trading with a mild negative bias near 10,830-10,880, still digesting Wednesday’s snapped six-session winning streak, with BP and Shell remaining under pressure from lower crude prices even as mining and consumer-facing stocks offer some offset.
Commodities & EquitiesEthereum Holds Above $2,400 on ETF Inflows as Litecoin Gives Back Some of Its Weekly Gains
Ethereum is trading near $2,450-2,455, comfortably above the closely watched $2,400 level, as continued spot ETF inflows offset a natural bout of profit-taking after last week’s sharp rally. Litecoin has pulled back to around $50, giving back a portion of its recent weekly advance as traders lock in gains across the more speculative end of the crypto complex ahead of Friday’s Jackson Hole keynote, a key swing factor for risk appetite into the weekend.
CryptoLive · Ongoing session · Thursday 27 August 2026 — European morning trade
European Session Economic Calendar — 27 August 2026
Key releases and events shaping price action through the European trading day and into Friday’s Jackson Hole keynote
| Time | Event | Forecast / Detail | Impact | Market Read |
|---|---|---|---|---|
| 🇺🇸Thu–Fri, 27–28 Aug | Jackson Hole Economic Policy Symposium — Fed Chair Kevin Warsh’s Keynote (Friday) | Warsh delivers his first keynote as Fed Chair; theme is “Financial Innovation” | 🔴 CRITICAL | Seen as the single biggest swing factor for the Dollar and global risk appetite this week |
| 🇮🇷Ongoing | Iran-Oman Implementation of Hormuz Waters & Revenue Agreement | Technical talks continue on mine-clearing and traffic management through the strait | 🔴 CRITICAL | The session’s dominant cross-asset catalyst; confirmation of a fuller reopening would deepen the oil sell-off |
| 🇺🇸14:30 CET | US Initial Jobless Claims (week ending 22 Aug) | Weekly labour-market gauge, released two days ahead of Warsh’s Jackson Hole speech | 🟢 MEDIUM | A weaker print would add to soft-landing bets; a low reading would reinforce a resilient-labour-market narrative |
| 🇩🇪Ongoing | Nvidia Earnings Aftermath — European Chip-Stock Repricing | ASML, STMicroelectronics, Infineon and BE Semiconductor all trading higher in sympathy | 🔴 CRITICAL | The clearest read-through for European tech sentiment following last night’s beat-and-raise report |
| 🇩🇪08:00 CET | German GfK Consumer Climate (September) | Index improved modestly into September on firmer income expectations | ⚪ LOW | A gradual improvement, though household caution on discretionary spending persists |
| 🇪🇺Ongoing | Germany 20-Year Bund Yield Easing on Falling Oil | Holding near 3.44% as crude’s decline cools near-term inflation risk | 🟢 MEDIUM | A well-priced September ECB hike keeps the broader repricing intact even as yields ease |
European Session Trade Ideas
Technical setups and fundamental context across the session’s nine key instruments
EUR/USD
Fundamental Backdrop
Wednesday’s core PCE print held at 3.3% year-on-year, broadly in line with forecasts, giving the Dollar Index a modest lift to near 99.05-99.10 and pulling EUR/USD back from last week’s highs above 1.1710. The broader Dollar downtrend since the spring remains a genuine tailwind for the pair, though Friday’s Jackson Hole keynote from Fed Chair Kevin Warsh is a real source of two-way risk into the weekend.
Technical View
Price is consolidating in a tight 1.1660-1.1678 band just below the recent 1.1712 swing high, with the 50-day average near 1.1508 offering underlying support. A close back above 1.1710 would open the door toward the 1.1780-1.1800 zone, while a break below 1.1560 would suggest a deeper corrective pullback.
GBP/JPY
Fundamental Backdrop
GBP/JPY continues to benefit from BoE-BoJ policy divergence and a broadly risk-on tone this week, with the pair holding firm as Nvidia’s earnings beat lifts global risk appetite. A resumption of Bank of Japan intervention rhetoric, or a sharp risk-off shock from Friday’s Jackson Hole keynote, are the clearest sources of two-way risk.
Technical View
The pair is holding just below its 52-week high of 219.70, with today’s range of 216.56-217.38 consistent with a shallow consolidation inside an established uptrend. Technical indicators are rated a Strong Buy on the daily timeframe; a close above 217.40 would open the path back toward the yearly high.
EUR/CHF
Fundamental Backdrop
EUR/CHF continues to build on its recent technical breakout, with several desks noting the structure could act as a blueprint for a similar move in USD/CHF. A drift higher in longer-dated Eurozone yields and energy prices is proving a modest headwind for the Swiss Franc, though a sharp risk-off shock from Jackson Hole is a real source of two-way risk.
Technical View
The pair is rated a technical Strong Buy on the daily timeframe, holding today’s range of 0.9353-0.9375 just below its 52-week high of 0.9415. A sustained close above 0.9380 would open the path toward a fresh yearly high.
Silver
Fundamental Backdrop
Silver continues to draw support from a dual tailwind: a softer Dollar backdrop after the spring’s declines, and steady industrial demand tied to solar panel production, EV manufacturing and AI data-centre buildout. Higher-for-longer rate expectations into Jackson Hole remain a genuine source of two-way risk for the metal.
Technical View
Price is holding just above $69, not far from its strongest levels in roughly two months, having gained close to 18% over the past month. A close above $70 would open the path toward the year’s highs, while the 50-day average near $64 offers a first layer of underlying support.
Crude Oil (WTI)
Fundamental Backdrop
Crude has fallen for a fourth straight session after Iran and Oman reportedly reached terms on their respective shares of Strait of Hormuz waters and revenues, raising hopes that shipping constraints on the vital chokepoint could meaningfully ease. Iranian officials have cautioned that a full reopening requires more than a bilateral deal with Oman, which is a genuine source of two-way risk for the downside case.
Technical View
WTI is trading in a narrow 81.55-82.15 range today after printing a 52-week high above 117 earlier in the conflict. Daily technical signals are rated Sell; a break below $80 would open the path toward the $77 zone, while a confirmed diplomatic setback could spark a sharp reversal back above $87.
FTSE 100
Fundamental Backdrop
The FTSE 100 is digesting Wednesday’s snapped six-session winning streak, with falling oil prices continuing to pressure heavyweight energy stocks BP and Shell even as mining names and consumer-facing sectors offer some offset. Nvidia’s beat-and-raise report is a modest indirect tailwind for UK tech-adjacent names, while a hawkish surprise from Friday’s Jackson Hole keynote is a real source of two-way risk.
Technical View
The index remains within a broad consolidation just off its recent record highs above 10,920, with today’s session holding a mild negative bias near 10,830-10,880. A close back above 10,900 would resume the recent uptrend, while a break below 10,650 would suggest a deeper pullback is underway.
EU 20Y (German Bund Yield)
Fundamental Backdrop
The 20-year Bund yield is easing modestly as the ongoing slide in oil prices cools near-term inflation expectations, a genuine tailwind for the near-term pullback in yields. Structural pressures, including record long-dated debt supply and a September ECB hike that is close to fully priced, remain firmly in place and are a real source of two-way risk to the downside case for yields.
Technical View
The 20-year yield is holding near 3.44%, comfortably above its 10-year counterpart around 3.19-3.20% and consistent with a steepening curve theme. A confirmed break below 3.30% would suggest the recent uptrend in long-dated yields is pausing more meaningfully; a push back above 3.60% would resume the broader rise.
ETH/USD
Fundamental Backdrop
Ethereum continues to draw support from continued spot ETF inflows, a genuine structural tailwind even after last week’s sharp 28% rally. Profit-taking after such a strong advance, along with any risk-off shock from Friday’s Jackson Hole keynote, are real sources of two-way risk for the near term.
Technical View
ETH is consolidating near $2,450-2,455, comfortably above the pivotal $2,400 support that has repeatedly attracted buyers this month. A confirmed close below $2,400 would open the door to a deeper pullback toward $2,300, while a break above $2,550 would target a retest of the recent highs near $2,750.
Litecoin
Fundamental Backdrop
Litecoin is consolidating after a firmer week for the broader altcoin complex, with today’s softness reading as straightforward profit-taking rather than a change in the underlying trend. A broadly risk-on tone following Nvidia’s earnings beat is a modest tailwind, while continued give-back across speculative crypto assets ahead of Jackson Hole is a real source of two-way risk.
Technical View
Price is holding near the psychologically important $50 level after trading as high as the low $50s earlier this week. A confirmed break below $44 would open the door to a deeper pullback, while a reclaim of $52-53 would support a resumption of the recent uptrend toward $58.
European Session FAQ — 27 August 2026
Answers to the questions traders are asking most during today’s live session
Why did Nvidia’s earnings move European stocks if the report was released in the US?
Is the Strait of Hormuz fully reopening after the Iran-Oman agreement?
Why did the Dollar strengthen after a PCE report that came in roughly in line with expectations?
Why is the German 20-year Bund yield trading so much higher than the 10-year yield?
What is Fed Chair Kevin Warsh expected to say at Friday’s Jackson Hole keynote?
Why are Ethereum and Litecoin moving in different directions today?
European Session Summary — Thursday, 27 August 2026 (Live Update)
Thursday’s European session has opened in a constructive but data-and-headline-sensitive mode, with the pan-European STOXX 600 hovering little changed near one-week highs and Germany’s DAX flat, as investors digest Nvidia’s stronger-than-expected fiscal second-quarter results, released after Wednesday’s close. Nvidia’s $96.2 billion revenue and $2.22-a-share earnings beat, together with an after-hours share price surge of up to 5.6%, is lifting European chip suppliers ASML, STMicroelectronics, Infineon and BE Semiconductor between 2% and 4% in early trade. EUR/USD is consolidating around 1.1660-1.1665 after Wednesday’s in-line core PCE print, which held at 3.3% year-on-year and gave the Dollar Index a modest lift to near 99.05-99.10, while GBP/JPY holds firm near 216.85 within reach of its 52-week high above 219.70 and EUR/CHF continues to grind higher toward 0.9365-0.9375. The session’s dominant cross-asset story remains the rapidly de-escalating Hormuz standoff: Iran and Oman have reportedly reached terms on their respective shares of the strait’s waters and revenues, and WTI crude has extended its slide to a fourth straight session near $81.85-82.00, with Brent near $86-87. Germany’s 20-year Bund yield has eased to around 3.44% as falling oil cools near-term inflation risk, even as a September ECB hike stays close to fully priced. Silver is holding just above $69 an ounce near two-month highs on steady industrial demand, while the FTSE 100 carries a mild negative bias near 10,830-10,880 as BP and Shell remain pressured by lower crude even as miners and consumer names offer some offset. Crypto is mixed: Ethereum is holding above the pivotal $2,400 level near $2,450-2,455 on continued spot ETF inflows, while Litecoin has pulled back to around $50 as traders bank a slice of recent gains. Highest-conviction session idea: favour Euro crosses, Silver and Ethereum exposure while their respective structural tailwinds stay intact, lean short Crude Oil while the Hormuz de-escalation story remains the dominant driver, but size FTSE 100 and EU 20Y positions cautiously around Friday’s Jackson Hole keynote, treated as the week’s genuine source of two-way risk.
For the individual instruments: EUR/USD buy dips toward 1.1560, stop 1.1480, target 1.1780 — the broader Dollar downtrend is a genuine tailwind, though Friday’s Jackson Hole keynote is a real source of two-way risk. GBP/JPY buy dips toward 214.50, stop 212.60, target 219.50 — BoE-BoJ policy divergence is a genuine tailwind, though a shift in Bank of Japan intervention rhetoric is a real source of two-way risk. EUR/CHF buy dips toward 0.9300, stop 0.9250, target 0.9420 — the recent technical breakout is a genuine tailwind, though a sharp risk-off shock from Jackson Hole is a real source of two-way risk. Silver buy dips toward $66.50, stop $64.00, target $74.00 — steady industrial demand is a genuine tailwind, though higher-for-longer rate expectations are a real source of two-way risk. Crude Oil sell rallies toward $84.50, stop $87.00, target $77.00 — the Hormuz waters agreement is a genuine tailwind for the downside case, though Iran’s caution on a full reopening is a real source of two-way risk. FTSE 100 buy dips toward 10,650, stop 10,480, target 11,050 — the broader uptrend toward record highs is a genuine tailwind, though weakness in oil majors is a real source of two-way risk. EU 20Y buy dips in yield toward 3.30%, stop 3.20%, target 3.60% — a well-priced September ECB hike is a genuine tailwind, though falling oil’s cooling effect on inflation risk is a real source of two-way risk. ETH/USD buy dips toward $2,300, stop $2,150, target $2,750 — continued spot ETF inflows are a genuine tailwind, though profit-taking after a strong rally is a real source of two-way risk. Litecoin buy dips toward $44.00, stop $40.00, target $58.00 — a broadly risk-on tone is a genuine tailwind, though continued give-back across speculative crypto assets is a real source of two-way risk. The decisive variable for the remainder of the week is Friday’s Jackson Hole keynote from Fed Chair Kevin Warsh, alongside the ongoing question of whether the Iran-Oman Hormuz agreement translates into a fuller, confirmed reopening of the strait. Size positions accordingly, and note that today’s earnings- and headline-heavy session can still be overtaken by fast-moving Hormuz or Jackson Hole-related news later in the day.
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