Hello traders, welcome to Tuesday. Market movements this morning are relatively muted, as participants appear to be waiting for the calendar to heat up tomorrow and Thursday when key inflation data will be released.
In equities, we see a split picture. European indices are in decline, struggling to find bullish momentum, while American indices remain resilient with the NASDAQ leading the way and underpinning sentiment. On the opposite side, Japan’s Nikkei suffered a sharp drop, standing out as one of the weaker performers.
Turning to currencies, the Japanese Yen, Australian Dollar, and British Pound are among today’s strongest movers. On the other hand, the US Dollar and Euro are under pressure, both trading as the weakest in the pack.
In commodities, the mood is more constructive. Oil is staging a bullish attempt, while gold and most metals are climbing higher, continuing their recent run. Silver, however, is lagging behind, weighed down by yesterday’s false breakout to the upside.
A quick look at cryptocurrencies shows that Bitcoin is nearing a major trading signal. The price action is tightening inside a symmetric triangle, and traders are preparing for a breakout that should set the next directional move.
For now, the overall tone remains one of caution and anticipation, as markets await tomorrow’s and Thursday’s inflation reports to spark more decisive action.