The week opened with clear market moves across assets. Gold surged past $5,500, silver stayed volatile near $117, and FX saw EURUSD break 1.20 while GBPUSD pushed past 1.38. US stocks extended their rebound, tracking mega-cap earnings, while USDJPY slid to test 152 and Bitcoin hovered around $90,000. Energy markets were active, with WTI hitting ~$65 and Brent eyeing $68. Central banks, macro data, and earnings kept traders on alert, with early-week strength setting key levels to watch.
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.
Volatility Stays High as Macro Data and Earnings Keep Traders on Alert
Markets felt the jitters this week, with economic releases sparking short-term swings but leaving broader trends intact. Key highlights:
Germany: Ifo Business Climate 87.6 vs. 88.3 expected.
US Durable Goods: +5.3%, beating forecasts.
US Consumer Confidence: Dropped to 84.5.
Australia CPI: 3.8% YoY.
Central banks stayed steady: the Fed held at 3.75%, and the Bank of Canada kept rates at 2.25%. Alongside macro signals, mega-cap earnings remained a major focus, keeping US equities sensitive to every earnings update from the Magnificent Seven.
*Trading involves significant risk of loss.
Equities Bounce Back on Tech Earnings Strength
Equity markets extended their rebounds from recent lows, with US indices holding near recovery levels amid heavy focus on large-cap tech earnings.
NASDAQ: ~26,200, up roughly 5% from recent lows.
S&P 500: Stabilized near 7,000 after rebounding from 6,800.
Mega-Cap Tech: Apple, Microsoft, NVIDIA, Amazon, Alphabet, Meta, Tesla kept traders glued to screens.
In Europe, markets were more contained: FTSE 100 recovered to test 10,000, while the DAX traded sideways around 25,000. Overall, price action pointed to stabilization rather than a fresh rally, with earnings and key index levels guiding the market.
*Trading involves significant risk of loss.
Metals and Energy Keep Momentum
Commodity markets stayed active this week, led by strength in precious metals and firmer energy prices.
Gold: ~$5,500, extending gains of over 10% after its breakout.
Silver: ~$117, volatile with wider intraday swings compared to gold.
WTI: ~$65, up more than 7% and holding above recent lows.
Brent: ~$68, highest since September 2025.
Overall, commodities held near key technical levels, with price action showing more consolidation than trend extension—offering clear zones for alert traders to watch.
*Trading involves significant risk of loss.
FX Markets Move on Dollar Weakness
FX markets were dominated by continued US dollar weakness, driving short-term swings without establishing strong trends.
EURUSD: Broke above 1.20 for the first time since 2021.
GBPUSD: +1.5%, pushing past 1.38 to multi-year highs.
USDJPY: Testing 152 after falling nearly 4.5% from recent peaks.
Dollar instability kept volatility high, creating clear breakout and reversal zones for traders watching major FX pairs.
*Trading involves significant risk of loss.
