Hello traders, welcome to a new trading week. As is often the case, Monday opens with an empty calendar, so no key data is scheduled for today. That doesn’t mean the markets are quiet, though — we’re already seeing some notable moves as the European session kicks off.
Starting with indices, European benchmarks are trading firmly in the red, posting a sharp decline right out of the gate. American futures are following the same bearish tone but are attempting a rebound, trying to shake off the early weakness and restore some balance to sentiment.
On the currency market, the antipodeans are shining. Both the New Zealand dollar and Australian dollar are notably stronger, joined by gains in the Canadian dollar. The British pound and the US dollar are also finding buyers, while the euro and Japanese yen lag behind, showing slight weakness.
Commodities paint a mixed picture. Oil remains under pressure, continuing its slide lower. Metals are more fragmented — gold and silver are attempting to push higher, but the rally isn’t coming easily, with resistance limiting gains. Copper and platinum, meanwhile, are moving in the opposite direction, posting declines.
That’s how we begin the week: no fundamental drivers just yet, but plenty of movement on the charts. As volatility builds and liquidity deepens over the coming days, the picture should become clearer.