Risk-off vibes - ADP and ISM Services in the spotlight
Today’s Market Mood, Key Events, Market Moving News.
📈 Market Mood:
Bearish. Global equities fall sharply as stretched valuations and tech weakness spark a flight to safety.
🗓 Key Events:
13:15 London / 08:15 New York - US ADP Non-Farm Employment Change (forecast +32K vs -32K prior) - look at labor momentum.
15:00 London / 10:00 New York - US ISM Services PMI (forecast 50.7) - key indicator for the health of the U.S. services sector, which drives most GDP.
18:00 London / 13:00 New York - President Trump Speaks - market-sensitive if comments touch on policy, inflation, or the dollar.
21:30 London / 16:30 New York - BoC Governor Macklem Speaks - clues on Canada’s policy outlook after recent cautious tone.
🌐 Market Moving News:
Stocks tumble as stretched valuation fears grip markets; Asia and Wall Street see sharp losses led by tech
Bank of Japan minutes show growing internal debate about future rate hikes
Asset Snapshots:
🔴 S&P 500: Bearish - extended losses as tech and financials weigh; futures modestly red.
🟢 USD (DXY): Bullish - supported by safe-haven flows ahead of ADP and ISM.
⚪ Gold: Neutral - holding steady near $3,980 as investors balance dollar strength with risk-off sentiment.
🔴 Oil: Bearish - pressured by risk aversion and softening demand outlook.
🔴 Bitcoin: Bearish - continues to retreat below $100K amid lower risk appetite.
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: Neutral
⚪ Nasdaq 100: Neutral
Currencies:
🔴 USD: Bearish
⚪ 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): 18.99 (+10.66%) - volatility jumped sharply as equity losses deepened; highest levels since April signal elevated fear but not panic yet.
🪙 Price Action Notes:
DXY near 100.8 - upside risk if ADP surprises strong.
Gold range 3,950–4,000 - watch for breakout if ISM disappoints and yields dip.
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.