#fedwatch

📊 US ISM Manufacturing (May) — consensus sees a slight uptick; watch the prices paid component closely 🇨🇭 SNB sight deposits update at 10:00 CET — imperfect but worth monitoring for FX intervention signals A lot of central bank speak today. Markets have plenty to digest. 👀

#Macro #FedWatch #ECB #SNB #ISM #RatesOutlook GGMA Squawk

Silver and platinum sold off sharply this week. The move is often attributed to speculation around Mr. Waller’s potential nomination as the next Fed Chair—but whether he is truly hawkish remains, politely speaking, uncertain.

In the U.S., attention turns to earnings and employment data. In Japan, it’s elections and corporate results that matter. Different drivers, same question: how much optimism is already priced in?

One quiet standout: TOPIX, now up for ten consecutive months. No drama, no headlines—just a steady climb that seems to prefer consistency over excitement.

https://img.etimg.com/thumb/msid-124732303,width-1200,height-630,imgsize-161594,overlay-etmarkets/articleshow.jpg The U.S. dollar weakened in early Asian trade on Wednesday, edging back from its highest level against the Japanese yen in a week, as a tumble in gold prices triggered a rebalancing across various safe-haven assets. Gold fell as much as 2.9% to a low of $4,003.39 amid a broad decline…

Global stocks eased off highs on Friday as investors braced for a storm of economic events next week.

After a strong tech-driven rally, global markets paused as attention shifted to what’s ahead:

🔹 Asia-Pacific markets slipped modestly. Japan’s Nikkei pulled back after hitting a 34-year peak earlier this week. Political uncertainty added pressure, with speculation around PM Ishiba’s possible resignation.

🔹 In the U.S., the S&P 500 and Nasdaq recently hit record highs, buoyed by AI optimism and strong earnings—but Friday's tone turned more cautious. Traders are now eyeing key data and the Federal Reserve’s upcoming rate decision.

🔹 European stocks also softened slightly, following the ECB’s decision to hold rates. The euro firmed on easing inflation and improving trade outlooks.

🔹 Currencies & Commodities:

The yen gained strength amid Japanese political noise.

Gold hovered near $3,368/oz, on track for a weekly gain.

Oil prices rose modestly, fueled by tightening supply and trade deal optimism.

🧠 Why It Matters:

With major tech earnings (Apple, Amazon, Microsoft) and central bank decisions lined up, investors are hitting pause. Volatility may return soon, especially as August 1 tariff deadlines approach and markets digest mixed macro signals.

Is this just a healthy breather—or the calm before the storm?

💬 Share your outlook below 👇

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