Markets Try to Find Their Footing Ahead of Big U.S. Data
Today’s Market Mood, Key Events, Market Moving News.
📈 Market Mood:
⚪ Neutral. Markets are stabilizing, but uncertainty remains ahead of key U.S. data and ECB speeches.
🗓 Key Events:
07:30 London / 02:30 New York - Switzerland CPI m/m. A surprise inflation print can quickly shift CHF and broader European sentiment.
13:15 London / 08:15 New York - U.S. ADP Non-Farm Employment Change. ADP often sets expectations for Friday’s NFP - a key driver for Fed policy bets.
13:30 London / 08:30 New York - ECB President Lagarde Speaks. Markets want clarity on the ECB’s 2026 rate path and economic resilience.
15:00 London / 10:00 New York - U.S. ISM Services PMI. A major gauge of U.S. economic strength - weak numbers boost rate-cut expectations.
🌐 Market Moving News:
Stocks rise as global bond selloff pauses; crypto slump eases.
Oil drops on weak demand signals while markets await Ukraine peace efforts.
China’s services PMI hits 5-month low, raising growth concerns.
Asset Snapshots:
⚪ S&P 500: Neutral - Modest rebound but still lacking strong momentum.
⚪ USD (DXY): Neutral - Dollar cooling slightly ahead of data-heavy week.
🟢 Gold: Bullish - Holding gains as rate-cut hopes increase.
🔴 Oil: Bearish - Demand worries continue to weigh.
🔴 Bitcoin: Bearish - Selling pressure remains after recent leveraged wipeouts.
Volatility S&P 500 Index (VIX): 16.58 - Volatility is slightly easing, suggesting markets are calming but still sensitive to data.
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: Neutral
⚪ Nasdaq 100: Neutral
Currencies:
🟢 USD: Bullish
⚪ EUR: Neutral
⚪ JPY: Neutral
⚪ GBP: Neutral
⚪ AUD: Neutral
⚪ CAD: Neutral
⚪ CHF: Neutral
Commodities:
⚪ Gold: Neutral
⚪ Oil: Neutral
Crypto:
⚪ Bitcoin: Neutral
🪙 Price Action Notes:
EUR/USD likely to move during Lagarde’s two speeches.
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.