Markets Rebound as U.S. Data Steadies Nerves
Today’s Market Mood, Key Events, Market Moving News.
📈 Market Mood:
Cautiously bullish. Stronger U.S. data calmed valuation worries, lifting global sentiment ahead of key central bank speeches.
🗓 Key Events:
12:00 London / 07:00 New York - BoE Rate Decision (4.00%) + Monetary Policy Report - investors watch for vote split and tone after inflation cooled.
12:30 London / 07:30 New York - BoE Governor Bailey Speaks - may hint at future rate cuts or extended pause.
15:00 London / 10:00 New York - Canada Ivey PMI - early business sentiment read; soft print would confirm slowdown signs.
15:30 London / 10:30 New York - BoC Governor Macklem Speaks - follow-up remarks on inflation and growth.
20:30 London / 15:30 New York - Fed’s Waller Speaks - could steer expectations after strong ISM and jobs data.
🌐 Market Moving News:
US ISM Services jumped to 52.4 in Oct, above 50.8 consensus - activity and prices re-accelerated.
ADP private payrolls rebounded in Oct (+42K) after Sep decline.
Japan’s services PMI shows continued expansion despite slower demand
Asset Snapshots:
🟢 S&P 500: Bullish - snapped a two-day losing streak on strong ISM and ADP prints.
⚪ USD (DXY): Neutral - easing from highs as risk appetite improves before Waller speech.
⚪ Gold: Neutral - steady near $3,980; balanced by weaker USD and firmer yields.
🔴 Oil: Bearish - still pressured by demand uncertainty despite rebound in risk sentiment.
🟢 Bitcoin: Bullish - up modestly as broader risk tone improves.
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.
Indecies:
🟢 S&P 500: Bullish
🟢 Nasdaq 100: Bullish
Currencies:
🟢 USD: Bullish
🟢 EUR: Bullish
🟢 JPY: Bullish
⚪ GBP: Neutral
🟢 AUD: Bullish
🟢 CAD: Bullish
🟢 CHF: Bullish
Commodities:
⚪ Gold: Neutral
⚪ Oil: Neutral
Crypto:
🟢 Bitcoin: Bullish
Volatility S&P 500 Index (VIX): 18.00 (-5.2%) - volatility cooled after Wednesday’s spike; risk sentiment improving but still fragile around central bank events.
🪙 Price Action Notes:
DXY - testing 100.3 support; break below could extend toward 99.8 if Waller stays neutral.
GBP/USD - volatile around BoE; dovish tilt could drag below 1.26, hawkish tone may target 1.28.
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.