Markets Look for Direction as U.S. PPI and Retail Data Take Center Stage.
Today’s Market Mood, Key Events, Market Moving News.
📈 Market Mood:
⚪ Neutral. Stocks bounced yesterday, but today hinges on U.S. PPI and retail numbers.
🗓 Key Events:
13:30 London / 08:30 New York - U.S. Core PPI m/m - key inflation gauge for producers; hotter data would reduce rate-cut expectations.
13:30 London / 08:30 New York - U.S. Retail Sales m/m - crucial for consumer strength heading into year-end.
15:00 London / 10:00 New York - Pending Home Sales m/m - insight into housing demand during high-rate environment.
🌐 Market Moving News:
S&P 500 posts best day in six weeks as sentiment improves.
Oil stabilizes as Ukraine talks and oversupply concerns balance out.
Asset Snapshots:
🟢 S&P 500: Bullish - strong rebound yesterday with tech leading.
⚪ USD (DXY): Neutral - holding steady near 100.20 ahead of U.S. data.
⚪ Gold: Neutral - small bounce but still range-bound around 4,140.
🔴 Oil: Bearish - supply worries continue to weigh on price.
⚪ Bitcoin: Neutral - modest recovery after recent volatility.
Volatility S&P 500 Index (VIX): 20.51 - down sharply (-12%), signaling cooling fear after last week’s spike.
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: Bearish
⚪ JPY: Neutral
🔴 GBP: Bearish
🟢 AUD: Bullish
🟢 CAD: Bullish
⚪ CHF: Neutral
Commodities:
⚪ Gold: Neutral
🟢 Oil: Bullish
Crypto:
🟢 Bitcoin: Bullish
🪙 Price Action Notes:
Watch SPX around the 6,700 zone - break and hold would signal renewed risk appetite.
DXY staying under 101 keeps pressure off risk assets.
Gold remains choppy - clearer direction only above 4,200 or below 4,050.
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.