Risk-off mood deepens as mixed to weak US jobs data hits tech and global sentiment
Today’s Market Mood, Key Events, Market Moving News.
📈 Market Mood:
🔻 Bearish as soft US labor data and rising volatility push investors out of risk assets.
🗓 Key Events:
07:00 London / 02:00 New York - UK Retail Sales m/m - key read on UK consumer demand and recession fears.
08:15 London / 03:15 New York - French Flash Manufacturing & Services PMI - signals strength or weakness in EU activity.
08:30 London / 03:30 New York - German Flash Manufacturing & Services PMI - core EU growth indicator.
14:45 London / 09:45 New York - US Flash Manufacturing & Services PMI - updates market expectations for Fed policy path.
🌐 Market Moving News:
Stocks crumble as US jobs data fails to clarify Fed outlook; tech leads losses.
Dollar on track for weekly gain as rate-cut bets fade.
Japan approves $135B stimulus as fiscal concerns grow.
Asset Snapshots:
🔴 S&P 500: Bearish - tech-heavy indices drop further as AI valuations face pressure.
⚪ USD (DXY): Neutral-to-bullish - modest strength after better-than-forecast US NFP.
🔴 Gold: Bearish - softer rate-cut expectations keep pressure on upside.
🔴 Oil: Bearish - demand worries and geopolitical uncertainty weigh on price.
🔴 Bitcoin: Bearish - broad risk aversion drags crypto lower.
Volatility S&P 500 Index (VIX): 26.42 - rising sharply, confirming elevated stress in equities.
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: Bullish
Crypto:
🟢 Bitcoin: Bullish
🪙 Price Action Notes:
Watch S&P 500 near recent support zones as volatility accelerates.
DXY holding 100 keeps pressure on gold and risk assets.
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.