Markets Turn Cautious Ahead of Key U.S. Data
Today’s Market Mood, Key Events, Market Moving News.
📈 Market Mood:
⚪ Neutral. Markets are treading water as traders await Fed comments for clues on inflation and future rate paths.
🗓 Key Events:
13:30 London / 08:30 New York - Canada CPI (m/m, y/y) - critical for gauging whether the BoC will maintain its cautious policy stance.
13:30 London / 08:30 New York - Empire State Manufacturing Index - gives an early read on U.S. business sentiment and demand.
20:35 London / 15:35 New York - FOMC Member Waller Speaks - traders will listen for any signals on rate cuts or balance sheet guidance.
🌐 Market Moving News:
Bitcoin erases yearly gains amid deepening crypto selloff.
Oil falls as Russia resumes Black Sea exports after recent disruptions.
Asset Snapshots:
⚪ S&P 500: Neutral - hovering near 6,734, weighed by tech rotation and risk-off tone.
🟢 USD (DXY): Bullish - slightly firmer at 99.44 as traders price in higher-for-longer rates.
⚪ Gold: Neutral - steady as investors await U.S. data; support near $4,080.
🔴 Oil: Bearish - pressured by resumed Russian exports and weak demand signs.
🔴 Bitcoin: Bearish - retreats below $95,000 amid renewed risk aversion.
Volatility S&P 500 Index (VIX): 19.82 (-0.85%) - slightly softer after last week’s jump, signaling cautious but stable sentiment ahead of 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: Bullish
🟢 Nasdaq 100: Bullish
Currencies:
🟢 USD: Bullish
⚪ EUR: Neutral
⚪ JPY: Neutral
⚪ GBP: Neutral
🟢 AUD: Bullish
🟢 CAD: Bullish
⚪ CHF: Neutral
Commodities:
⚪ Gold: Neutral
⚪ Oil: Neutral
Crypto:
🟢 Bitcoin: Bullish
🪙 Price Action Notes:
SPX consolidating below 6,750 resistance; range-bound trading likely.
Gold hovering above support; break below $4,070 could trigger sell pressure.
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.