Markets Turn Cautious - Dollar at 3-Month High
Today’s Market Mood, Key Events, Market Moving News.
📈 Market Mood:
Neutral-to-bearish. Global equities ease from record highs as traders book profits and the dollar climbs to a 3-month high.
🗓 Key Events:
03:30 London / 22:30 New York (Nov 3) - RBA Cash Rate (Australia) (3.60%) - rate hold signals policy pause after sticky inflation.
04:30 London / 23:30 New York (Nov 3) - RBA Press Conference (Australia) - tone suggests tightening cycle likely done.
07:40 London / 02:40 New York - ECB President Lagarde Speaks - potential hints on eurozone inflation trajectory.
10:00 London / 05:00 New York - ECB President Lagarde Speaks (2nd appearance) - follow-up remarks could shape EUR sentiment.
🌐 Market Moving News:
Gold under $4,000 as strong dollar and Fed outlook cap gains.
Japan factory activity contracts at fastest pace in 19 months.
Aramco Q3 profit dips on lower crude prices.
Asset Snapshots:
⚪ S&P 500: Neutral - futures flat after modest Monday gain; market consolidating near highs.
🟢 USD (DXY): Bullish - hits 3-month high as traders trim early 2026 rate-cut bets.
🔴 Gold: Bearish - below $4,000 on stronger dollar and easing inflation pressure.
🔴 Oil: Bearish - weaker demand and lower Aramco profit weigh on sentiment.
🔴 Bitcoin: Bearish - under $107K, pressured by risk-off sentiment and strong dollar.
Macro Bias:
Shows overall bullish, bearish, or neutral trends across major markets based on key economic and sentiment 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: Neutral
⚪ EUR: Neutral
🟢 JPY: Bullish
⚪ GBP: Neutral
🟢 AUD: Bullish
🟢 CAD: Bullish
🟢 CHF: Bullish
Commodities:
⚪ Gold: Neutral
⚪ Oil: Neutral
Crypto:
⚪ Bitcoin: Neutral
Volatility S&P 500 Index (VIX): 17.16 (-1.55%) - remains low and steady; calm despite equity weakness, showing controlled risk sentiment.
🪙 Price Action Notes:
Gold near $4,000 - rejection signals risk-off bias continuation.
Watch key support on S&P 500 near 6,800 for entry points.
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.
The Aramco profit dip is a signal that even the lowest-cost producer isn't immune to price pressue. When the company with the best margins in the industry struggles to grow earnings, it suggests the broader oil sector is facing real headwinds beyond just cyclical demand softness. The bearish oil sentiment you're noting makes sense given this context.