Hello traders, and welcome to Wednesday’s market update, where optimism is clearly returning across global markets. The approaching end of the U.S. government shutdown is lifting investor sentiment, fueling a risk-on environment that’s visible across indices, currencies, and even cryptocurrencies.
Starting with the earnings calendar, the season is slowly winding down. Today’s highlight will be Cisco, set to report results after the market close. Tomorrow brings a double dose from China, with Tencent and Alibaba scheduled to publish earnings — both likely to attract significant attention. The final major event of this earnings cycle will be NVIDIA’s results, due next Wednesday, which could easily set the tone for the next phase of market sentiment.
In the crypto market, we’re seeing a sharp recovery after Tuesday’s steep declines. Both Bitcoin and Ethereum are trading roughly 2% higher this morning, supported by bullish reversals that formed at the start of the European session. While it’s too early to call this a full-scale comeback, the rebound shows that buyers are stepping back in after a wave of panic-driven selling.
Moving to currencies, the American dollar is regaining control across the board. EUR/USD and GBP/USD (Cable) are trading lower, reflecting renewed dollar demand. Meanwhile, USD/JPY continues to climb strongly, while USD/CHF is finding its footing and testing key supports. This renewed dollar strength reflects a mix of profit-taking on risk currencies and rising confidence in U.S. stability as the shutdown issue nears resolution.
As for commodities, we see a mixed landscape. Silver is outperforming, leading the precious metals complex with a strong upswing, while gold remains neutral, holding near unchanged levels. On the indices, the mood remains decisively bullish — equity markets are pushing higher once again, and futures are flashing green, signaling another potentially positive session ahead.
Overall, Wednesday brings renewed optimism, dollar strength, and crypto recovery, all set against a calmer macro backdrop. With the calendar quiet today, traders’ focus will be on whether this risk-on sentiment can hold into the U.S. session and carry through the rest of the week.