Hello traders, welcome to a new week and new trading opportunities. Let’s start with the calendar, which is unusually quiet today. There are no meaningful macro releases scheduled, so markets will be waiting for the bigger events later in the week. The key highlights will be non-farm payrolls, which will be published unusually on Wednesday, and inflation data, scheduled unusually for Friday. Until then, today offers very little in terms of macro catalysts. The earnings calendar is also light at the start of the week, with the major reports still ahead. The bigger names begin tomorrow, with Coca-Cola and AstraZeneca set to publish their earnings.
Looking at market behavior, it’s important to recall how last week ended. On Friday, equity indices closed on a strong note after recording a clear bullish reversal following several days of pressure. That late-week turnaround is now being followed through, with indices opening the new week on the positive side and extending the rebound.
Cryptocurrencies also showed signs of stabilization toward the end of last week. Bitcoin bounced into the close, the weekend passed without major turbulence, and the new week is opening with mild optimism in the crypto space.
In the currency market, the most notable move is strength in the Japanese yen. Beyond that, FX markets are relatively flat, with no major directional moves standing out at this stage, which is consistent with the lack of macro drivers today.
Turning to commodities, oil is trading lower. This move reflects easing concerns around the geopolitical situation between the US and Iran, with de-escalation reducing the risk premium that had previously supported prices. Metals, on the other hand, are showing strength. Silver is moving higher, and gold is also pushing up, as both attempt to stabilize and recover after the heavy selling pressure seen over the past few sessions.
Overall, the start of the week is calm but constructive. Risk sentiment has improved after Friday’s reversal, metals are trying to regain footing, and markets are clearly waiting for the more important data later in the week. How this early stability evolves will largely depend on whether upcoming macro releases confirm or challenge the current optimism.