Equities rise, dollar steady near highs, oil extends rebound
Today’s Market Mood, Key Events, Market Moving News.
📈 Market Mood:
Slightly bullish. Upbeat sentiment from AI and trade optimism supports equities, but strong dollar caps enthusiasm.
🗓 Key Events:
07:30 London / 02:30 New York - Swiss CPI m/m - gives an early read on European inflation momentum.
15:00 London / 10:00 New York - US ISM Manufacturing PMI - key gauge for US growth and inflation trends.
18:30 London / 13:30 New York - BOC Gov Macklem speaks - may signal next steps for Canadian policy.
🌐 Market Moving News:
US-China one-year trade truce reduces tariffs to 47%, easing trade tensions temporarily
OPEC+ halts output hikes in Q1, pushing oil prices higher
Asset Snapshots:
🟢 S&P 500: Bullish - supported by tech strength and soft-landing hopes.
🟢 USD (DXY): Bullish - holding near multi-month highs ahead of US data.
⚪ Gold: Neutral - capped by stronger dollar but supported by cautious risk tone.
🟢 Oil: Bullish - extends gains after OPEC+ output freeze.
⚪ Bitcoin: Neutral - consolidating after weekend volatility.
Macro Bias:
Shows overall bullish, bearish, or neutral trends across major markets based on key economic and sentiment data. It reflects how indicators like GDP, inflation, employment, retail sales, and PMIs are performing. When data improves, the bias turns bullish; when it weakens, bearish; when mixed, neutral.
Indecies:
🟢 S&P 500: Bullish
🟢 Nasdaq 100: Bullish
Currencies:
⚪ USD: Neutral
🟢 EUR: Bullish
🟢 JPY: Bullish
⚪ GBP: Neutral
🟢 AUD: Bullish
🟢 CAD: Bullish
🔴 CHF: Bearish
Commodities:
⚪ Gold: Neutral
⚪ Oil: Neutral
Crypto:
⚪ Bitcoin: Neutral
Volatility S&P 500 Index (VIX): 17.4 - slightly higher, but still calm; traders positioned for data-driven moves.
🪙 Price Action Notes:
A weak ISM print could pressure USD and boost gold and equities.
Strong ISM would likely revive rate concerns and support USD.
Watch oil around recent resistance - sustained gains could feed inflation fears.
Disclaimer:
This newsletter is for information only and not financial advice. Markets carry risk, and past performance does not guarantee future results. Always do your own research or consult a qualified advisor before making investment decisions.