With the U.S. markets closing early Thursday and fully shut Friday for the July 4th holiday, this week was a slow grind. Volume was light, volatility was minimal, and most traders were in "wait-and-see" mode.
All eyes are on what’s next: key economic data, especially the latest Non-Farm Payrolls (NFP) report, and looming trade developments that could reignite tariff tensions.
No major surprises hit the tape this week, which gave the market room to breathe. Investors leaned into cautious optimism, guided by a relatively steady Fed tone and some favorable trade-related headlines. But make no mistake—this calm could be the quiet before the storm.
It is important to remember to assess your financial situation and risk tolerance, before engaging in copy trading. Past performance and forecast are not reliable indicators of future results.
Markets Take a Breather Ahead of Key Data
With the July 4th holiday cutting the week short, markets took a step back. Trading volume thinned out, and most players stayed on the sidelines, waiting for the next big catalyst.
U.S. equities hovered near record highs, with strong positioning in the S&P and Nasdaq, but momentum was limited. The setup looked bullish—just lacking fuel.
Globally, sentiment was cautious. Trade developments dragged, and central banks kept their messaging vague. Powell stuck to the script: no surprises, just data-driven decisions ahead.
*Trading involves significant risk of loss.
Cautious Moves as Jobs Data and Trade Tensions Loom
With a shorter trading week, U.S. markets held their ground near recent highs. While some names made decisive moves, overall activity stayed restrained as traders braced for the latest jobs numbers and trade updates.
Momentum stayed positive stateside, but Europe told a different story. The DAX slipped further, struggling to reverse its downtrend—highlighting a more risk-off tone among global investors holding back ahead of key catalysts.
*Trading involves significant risk of loss.
Steady in Energy, Uncertain in Metals
Commodities stayed quiet this week, with little movement across the board. Brent crude held flat near $68 as balanced supply and soft demand kept oil prices in check.
Gold hovered above $3,340, supported by a weaker dollar and cautious sentiment as traders looked ahead to potential trade developments. Some light profit-taking showed up, but overall direction remains unclear until next week’s drivers come into play.
*Trading involves significant risk of loss.
Dollar Slides, Giving Euro and Sterling a Boost
The U.S. dollar continued to weaken, nearing multi-year lows as markets priced in chances of Fed rate cuts and worries over fiscal policies. EUR/USD held steady around 1.18, helped by strong eurozone data and softer U.S. numbers.
GBP/USD climbed toward 1.38 before easing back, lifted by positive risk sentiment and dollar weakness. Traders closely watched the ADP and NFP reports for clues on where the dollar heads next.
*Trading involves significant risk of loss.
This week was all about patience and positioning. With key reports and trade deadlines coming up, the next few days could shake things up 🔥. Stay tuned, stay focused. 📈
