Risk-off rebound kicks in
Today’s Market Mood, Key Events, Market Moving News.
📈 Market Mood:
Bearish. U.S. labor concerns and renewed AI-sector fears are fueling risk aversion across global markets.
🗓 Key Events:
13:30 London / 08:30 New York - Canada Employment Change & Unemployment Rate - key gauge for CAD as labor markets cool.
15:00 London / 10:00 New York - U.S. University of Michigan Consumer Sentiment (Prelim) - consumer confidence and inflation expectations could confirm slowing economic momentum.
🌐 Market Moving News:
U.S. stocks fall again as traders cut risk exposure amid AI-bubble fears and soft labor data.
Dollar defensive after private reports point to cracks in the U.S. jobs market.
Oil heads for second weekly loss as supply concerns ease and growth fears rise.
BoE holds rates at 4%, signaling inflation peaked but keeps a cautious tone.
Asset Snapshots:
🔴 S&P 500: Bearish - down 1.1% as tech led losses on renewed AI valuation fears.
⚪ USD (DXY): Neutral - steady around 99.8 as investors balance risk aversion and weaker data.
🟢 Gold: Bullish - edging higher on haven flows and softer yields.
🔴 Oil: Bearish - two-week downtrend as demand outlook weakens.
🔴 Bitcoin: Bearish - tracking equity sentiment lower as risk-off continues.
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.
Indecies:
🟢 S&P 500: Bullish
🟢 Nasdaq 100: Bullish
Currencies:
🟢 USD: Bullish
⚪ EUR: Neutral
🟢 JPY: Bullish
⚪ GBP: Neutral
🟢 AUD: Bullish
🟢 CAD: Bullish
⚪ CHF: Neutral
Commodities:
⚪ Gold: Neutral
⚪ Oil: Neutral
Crypto:
🟢 Bitcoin: Bullish
Volatility S&P 500 Index (VIX): 19.49 (+8.3%) - volatility jumped sharply on Thursday, signaling renewed fear and cautious positioning ahead of U.S. data.
🪙 Price Action Notes:
Gold - break above $4,020 could extend to $4,050 if VIX stays elevated.
USD/CAD - jobs data at 13:30 London could bring volatility; weak print may lift USD/CAD.
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.