Markets Hold Steady as Traders Wait for US Jobs Signals
Today’s Market Mood, Key Events, Market Moving News.
📈 Market Mood:
⚪ Neutral. Markets are steady, waiting for US job data to confirm rate-cut expectations.
🗓 Key Events:
12:30 London / 07:30 New York - US Challenger Job Cuts y/y - Offers an early look at corporate layoffs and labor-market stress.
13:30 London / 08:30 New York - US Unemployment Claims - Key weekly gauge of labor strength ahead of next week’s Fed meeting.
15:00 London / 10:00 New York - Canada Ivey PMI - Snapshot of Canadian business activity and demand.
🌐 Market Moving News:
US private payrolls post the biggest drop in over 2.5 years.
Dollar weakens as rate-cut enthusiasm builds; euro at 7-week high.
Asset Snapshots:
🟢 S&P 500: Bullish - Following US rebound on soft jobs data.
🔴 USD (DXY): Bearish - Dollar hit a 5-week low.
⚪ Gold: Neutral - Holding steady as dollar softens.
⚪ Oil: Neutral - Range-bound with focus on global demand signals.
🟢 Bitcoin: Slightly Bullish - Stabilizing after recent volatility.
Volatility S&P 500 Index (VIX): 16.09 - Volatility is dipping slightly, signaling calmer market sentiment.
Macro Bias:
Shows overall bullish, bearish, or neutral trends across major markets based on key economic 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.
Indicies:
🟢 S&P 500: Bullish
🟢 Nasdaq 100: Bullish
Currencies:
🟢 USD: Bullish
⚪ EUR: Neutral
⚪ JPY: Neutral
⚪ GBP: Neutral
⚪ AUD: Neutral
⚪ CAD: Neutral
⚪ CHF: Neutral
Commodities:
⚪ Gold: Neutral
⚪ Oil: Neutral
Crypto:
🟢 Bitcoin: Bullish
🪙 Price Action Notes:
Watch S&P 500 for a breakout if jobless claims come in weaker than forecast.
Dollar softness may continue if labor data confirms slowing momentum.
Oil likely stays range-bound unless fresh headlines hit from Ukraine or OPEC commentary.
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.