Markets Open December on a Cautious Note as Traders Await Key US Data
Today’s Market Mood, Key Events, Market Moving News.
📈 Market Mood:
⚪ Neutral. Stocks are steady, but crypto weakness and uncertainty around US data keep risk appetite contained.
🗓 Key Events:
15:00 London / 10:00 New York - ISM Manufacturing PMI (US) - A key gauge of US economic momentum; surprises often move USD and equities.
15:00 London / 10:00 New York - ISM Manufacturing Prices - Tracks inflation pressures inside the manufacturing sector.
🌐 Market Moving News:
Dollar softens as markets brace for major US releases this week.
Asset Snapshots:
⚪ S&P 500: Neutral - Futures slightly lower after Friday’s gain, awaiting ISM data.
⚪ USD (DXY): Neutral to slightly bearish - Holding near 99.4 with mild pressure from yen strength.
🟢 Gold: Bullish - Trading above $4,200 as lower yields support safe-haven demand.
🟢 Oil: Bullish - Above $59 with traders eyeing OPEC+ and Venezuela supply chatter.
🔴 Bitcoin: Bearish - Down about 4% at ~$86,000 as risk sentiment cools.
Volatility S&P 500 Index (VIX): 16.34 - Falling, back toward the lower range seen in November, signaling calmer markets for now.
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 around recent highs - weak ISM could trigger a pullback.
Gold remains strong above $4,200 - dips may attract buyers if rates expectations soften.
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.