Hello traders, and welcome to Monday — a new week full of new trading opportunities. Markets opened this week with strong movements across multiple asset classes, setting the tone for what could be an interesting few sessions ahead.
Let’s start with precious metals, which are clearly leading the action this morning. Gold is climbing higher, continuing its impressive streak, while silver is also pushing toward new local highs. The momentum in both metals suggests that we may be witnessing the start of another bullish wave, possibly with new long-term highs forming in the near future.
The cryptocurrency market is also showing early signs of recovery. While the upswing is still mild, both Bitcoin and Ethereum are attempting to reverse last week’s weakness. Traders seem cautiously optimistic, as crypto prices are stabilizing after recent declines, hinting at the possibility of a broader rebound phase.
On the indices, sentiment remains positive following Friday’s strong close. Despite the previous week being relatively weak overall, Friday’s rally helped restore optimism, and Monday opens with a continuation of that upswing. Futures are trading on the green side, signaling sustained buying appetite and a risk-on start to the week.
Turning to the currency market, we’re seeing notable reversals on GBP/USD (Cable) and EUR/USD, both continuing their late-Friday recovery. The Japanese Yen remains under pressure, allowing USD/JPY and GBP/JPY to climb higher. Meanwhile, commodity-linked currencies like the Canadian and Australian dollars are strengthening, reflecting their correlation with the rising commodity prices.
From the fundamental side, today’s macro calendar is completely empty, and the week as a whole will remain relatively quiet, except for the U.S. inflation data on Thursday, which is likely to be the key event of the week. The earnings calendar is also light, with no major companies scheduled to report in the first half of the week.
Overall, Monday opens with broad optimism, led by rising metals, stronger indices, and a weakening Yen — a setup that favors the risk-on narrative for now.