Rally pauses as traders digest Fed cuts and global earnings
Today’s Market Mood, Key Events, Market Moving News.
📈 Market Mood:
Neutral with a cautious tilt - traders digest the Fed’s dovish cut while awaiting fresh direction from the BOJ and ECB.
🗓 Key Events:
Tentative - BOJ Policy Rate & Press Conference - markets watch for hints of tightening amid yen volatility.
08:00 London / 04:00 New York - Spanish Flash CPI (y/y) - early look at Eurozone inflation trend.
09:00 London / 05:00 New York - German GDP (q/q) - key gauge for European growth momentum.
13:15 London / 09:15 New York - ECB Rate Decision & Monetary Statement - expected to hold at 2.15%, but tone will guide euro direction.
13:45 London / 09:45 New York - ECB Press Conference - focus on Lagarde’s inflation and rate outlook comments.
🌐 Market Moving News:
Dollar gains after Powell signals no rush for another cut, trimming dovish bets.
Oil steady as traders eye US-China trade talks and possible demand slowdown.
Dow and S&P 500 end flat as Powell stresses “data dependency” on December policy.
Asset Snapshots:
⚪ S&P 500: Neutral - flat close after Fed cut; awaiting earnings follow-through.
🟢 USD (DXY): Bullish - rebounded after Powell cooled rate-cut expectations.
⚪ Gold: Neutral - capped below $4,000 as yields stabilize.
⚪ Oil: Neutral - rangebound as trade headlines offset inventory draws.
⚪ Bitcoin: Neutral - no major price move as macro drivers take lead.
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: Bearish
🟢 JPY: Bullish
🟢 GBP: Bullish
🟢 AUD: Bullish
🟢 CAD: Bullish
🔴 CHF: Bullish
Commodities:
⚪ Gold: Neutral
⚪ Oil: Neutral
Crypto:
⚪ Bitcoin: Bullish
Volatility Watch (VIX): 16.91 (+3.05%) - modest uptick as traders hedge policy risk; still within calm territory.
🪙 Price Action Notes:
USD strength could pressure commodity assets - caution on gold and oil.
Monitor EUR/USD – ECB comments could trigger a meaningful move if euro-zone growth appears weak.
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.