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Major central bank meetings and tech stock earnings are filling up this week's calendar.
Check out the high-impact financial events that could influence global markets. ποΈ
$Gold prices remain supported above the key $4,000 threshold, reflecting sustained investor interest in the precious metal as market participants brace for the Federal Reserveβs imminent interest-rate decision and upcoming U.S. PCE inflation data.
Consensus points to a $Fed policy hold, but all eyes will be on Chairman Kevin Warsh's press conference and the trajectory of U.S. Treasury yields and the dollar.
2 triggers to watch for the next big move:
π U.S. $PCE Inflation Data: A softer-than-expected Personal Consumption Expenditures (PCE) price index could weaken the U.S. dollar and fuel further upside momentum for gold.
ποΈ Federal Reserve Tone: Market sentiment hinges on whether the central bank adopts a dovish stance or signals a prolonged restrictive policy path.
The $Fed is expected to hold. Here's what else to know beyond the rate decision.
Watch the full Fed rate decision preview on our YouTube channel: youtu.be/do4u65IopjQ
πππ«π€ππ ππ§ππ©π¬π‘π¨π β ππ πππ
U.S. tech led again yesterday. Traders priced mega-cap earnings, Middle East talk of a deal, and a widely expected Fed hold.
Treasuries edged higher into todayβs FOMC. $Dollar firmed vs the majors β $Euro near a yearly low.
$Oil slipped on peace-talk headlines. $XAUUSD bounced off recent lows.
β°Busy session ahead: Fed (+ Bank of Canada) today, more central banks later this week. Geopolitics still in the mix.
Whatβs your main watch into the decision? π
πππ«π€ππ ππ§ππ©π¬π‘π¨π β ππ πππ
U.S. stocks climbed again yesterday, tech leading as traders lined up for mega-cap earnings and a stack of central bank decisions.
Treasuries mixed ahead of Wednesdayβs Fed call. Dollar firmed vs the majors.
ππ’π₯ & ππ¨π₯π
Oil eased but stayed elevated on geopolitics. Gold bounced back above $4,000.
π‘Macro calendar is quiet today β the noise is later this week. Until then, geopolitics still sets the tone.
Whatβs moving your watchlist this morning?
πππ«π€ππ ππ§ππ©π¬π‘π¨π β ππ ππππ¨πππ«
π.π. πππ«π€ππ
U.S. stocks fell on the final trading day of the week on Friday as investors digested updates from earnings season and continuing geopolitical issues in the Middle East. Treasury yields bounced after Thursdayβs rout, and the dollar pushed higher against the majors.
ππ’π₯, ππ¨π₯π
Oil contracts continued to push higher to close near 6-month highs as more Houthi attacks on Saudi Arabia increased supply concerns, while $XAUUSD dropped again to close under the key $4,000 level.
π‘It is a quiet day on the macroeconomic calendar today to kick off the trading week; however, traders are again expecting geopolitical updates to keep volatility high.
$USDJPY is trading at a critical technical juncture, falling towards the 156.25 region during Friday's Asian session as stronger Japanese inflation, declining US Treasury yields, and renewed safe-haven demand weigh on the pair.
Japan's September core $CPI accelerated to 2.1% YoY, returning above the Bank of Japan's 2% target and reinforcing expectations that the central bank could raise interest rates again in December.
3 triggers to watch for the next big move:
π US Treasury Yields: Further declines in US yields could narrow the USβJapan interest-rate differential, strengthening the yen and weighing on $USDJPY.
ποΈ Bank of Japan Policy Outlook: Investors will monitor the BoJ's 30 October policy decision and economic projections for indications of a potential December rate hike.
π€ Global Risk Sentiment: Flash manufacturing and services $PMI readings could sway Fed expectationsβstronger data may boost the dollar, while weaker figures could add downward pressure to $USDJPY.
Check out the πππ«π€ππ ππ§ππ©π¬π‘π¨π β ππ ππππ¨πππ«
πππ«π€ππ ππ§ππ©π¬π‘π¨π β ππ ππππ¨πππ«
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Global markets were extremely volatile in trading yesterday; U.S. tech stocks took a big hit, with the $NASDAQ experiencing its biggest daily drop since June as AI fears again hit sentiment. Those fears hit the bond market, with yields tumbling the benchmark 10-year seeing its biggest one day fall in over 3 years.
Currency markets were also volatile, although, the $DXY drifting lower on the day, not telling the whole story.
ππ’π₯, ππ¨π₯π
$Oil surged higher again to hit 5-month highs as fresh Houthi attacks on Saudi Arabia increased supply concerns, while $XAUUSD crashed lower though support levels to hit levels not seen since early August.
π‘There is a raft of PMI numbers due out today across several jurisdictions, however, traders are expecting ongoing geopolitical updates to supersede fundamentals as we progress through the trading day.
πππ«π€ππ ππ§ππ©π¬π‘π¨π β ππ ππππ¨πππ«
π.π. πππ«π€ππ
Global markets were extremely volatile in trading yesterday; U.S. tech stocks took a big hit, with the $NASDAQ experiencing its biggest daily drop since June as AI fears again hit sentiment. Those fears hit the bond market, with yields tumbling the benchmark 10-year seeing its biggest one day fall in over 3 years.
Currency markets were also volatile, although, the $DXY drifting lower on the day, not telling the whole story.
ππ’π₯, ππ¨π₯π
$Oil surged higher again to hit 5-month highs as fresh Houthi attacks on Saudi Arabia increased supply concerns, while $XAUUSD crashed lower though support levels to hit levels not seen since early August.
π‘There is a raft of PMI numbers due out today across several jurisdictions, however, traders are expecting ongoing geopolitical updates to supersede fundamentals as we progress through the trading day.
πππ«π€ππ ππ§ππ©π¬π‘π¨π β ππ ππππ¨πππ«
π.π. πππ«π€ππ
U.S. stock markets pushed higher in trading yesterday ahead of key earnings updates from $Tesla and $Meta. Both reported after the bell, with Tesla beating estimates and Meta confirming increased AI spending. Treasury yields edged higher during the session while the dollar closed close to flat.
ππ’π₯, ππ¨π₯π
$Oil prices had a rare quiet day as investors awaited the next developments in the Middle East, with many hoping for positive news on a potential peace deal, while $XAUUSD pushed slightly higher off support levels.
π‘The macroeconomic calendar is relatively quiet today, and so traders are again expecting geopolitical factors to remain the main driver for fresh moves.
$TSLA is trading at a critical juncture as prices consolidate near the $375 pivot level ahead of the upcoming third-quarter financial results.
With revenue expectations largely unchanged and a heightened focus on AI and robotaxi expenditures, the earnings reaction is likely to be driven primarily by margin resilience and free cash flow developments, as opposed to headline delivery figures.
3 triggers to watch for the next big move:
π Operating & Automotive Margins: Ongoing assessment of whether core gross margins are able to stabilize following recent compression.
ποΈ Free Cash Flow & Capex Guidance: Updates regarding cash flow management and the trajectory of multi-billion dollar investments in AI and robotaxi infrastructure.
π€ AI & Robotaxi Outlook: Management insights on unsupervised FSD development milestones, regulatory challenges, and anticipated unit economics.
Ready for the full breakdown?
πΊ Watch Tesla's full earnings preview and in-depth market analysis by Gonzalo Canete, Global Chief Market Strategist here: youtube.com/watch?v=kjL5tYVKβ¦
π $SPCX Q3 Earnings Breakdown: Massive beats across the board!
β’ Revenue: $14.58B (vs $12.72B expected)
β’ EPS: $0.35 (vs $0.13 expected)
$SPCX reported an impressive 161% revenue growth for the third quarter, fueled by the rapid expansion of its artificial intelligence division and ongoing strength within its Starlink connectivity and satellite internet segment.
Additionally, the company highlighted a surge in Starlink subscribers to 13.6 million, alongside strong momentum in its AI business and an announcement that special committees have been established by the boards of both $SPCX and $TSLA to evaluate a potential merger.
π Follow @ATFXglobal for more earnings update!
πππ«π€ππ ππ§ππ©π¬π‘π¨π β ππ ππππ¨πππ«
π.π. πππ«π€ππ
U.S. stocks experienced another mixed trading day yesterday as the $Dow drove higher, while tech held back. Treasury yields were also mixed again across the curve, while the dollar dropped further into recent ranges against the majors.
ππ’π₯, ππ¨π₯π
$Oil markets were extremely volatile again, seeing a surge to a fresh multi-month high as hostilities again increased in the Middle East, before crashing hard later in the day as news of a potential peace deal hit the newswires. $Gold ultimately dropped on the day after another whippy session, still trading just above support levels.
π‘Geopolitics looks set to dominate market moves again, with the focus well and truly on the Middle East and the potential peace deal between the U.S. and Iran, while the UK is again in focus on the fundamental front with key data due out ahead of an update from Bank of England Governor Andrew Bailey.
