It was a quiet week, but the macros delivered. Markets caught a solid bid after a cool Core PPI print (0.1% vs. 0.4% exp.) took the heat off the Fed, sending the S&P 500 grinding toward the 7,000 level.
A fading dollar fueled a broader risk-on move for stocks and metals—though crypto sat this rally out. Add in cooling geopolitical tensions from potential US-Iran talks, and the underlying risk sentiment looks primed to run even further.
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.
Macro Breakdown: Cool PPI Fuels the Bid
Global equities caught a bid this week as softer inflation data took the pressure off the Fed. With Core PPI printing at just 0.1% (vs. 0.4% exp.), a fading dollar gave risk assets the green light, pushing the S&P 500 toward the 7,000 mark. Factor in cooling geopolitical tensions from a temporary ceasefire and potential US-Iran talks, and the broader risk-on sentiment has solid backing.
*Trading involves significant risk of loss.
S&P 500 Eyes 7K as Equities Catch a Bid
Equities kept grinding higher this week, with the S&P 500 testing the psychological 7,000 level. The combo of soft inflation prints and a fading dollar kept the risk-on bid alive across the major indices. However, it wasn't green across the board—energy caught a headwind, lagging the broader market as oil sold off on cooling geopolitical tensions. Despite the sector rotation, the overall setup remains highly constructive.
*Trading involves significant risk of loss.
Geopolitical Premium Fades for Oil While Metals Shine
We saw a clear divergence across commodities this week. Oil sold off as the geopolitical premium washed out, with easing Iran tensions and whispers of the Strait of Hormuz reopening pricing out supply fears. On the flip side, gold and silver caught a solid bid. A fading US dollar provided the perfect tailwind for precious metals, proving there is still plenty of appetite for hard assets in this shifting macro environment.
*Trading involves significant risk of loss.
A Fading Dollar Gives Risk Assets the Green Light
The US dollar caught a heavy headwind this week after that soft PPI print fueled expectations for a more dovish Fed. A fading DXY gave global risk assets the green light, providing a strong tailwind for both equities and metals. Over in FX, rate expectations repriced quickly, sending dollar pairs sliding. With this setup, majors like the EUR, GBP, and AUD are catching a solid bid and look primed for further upside.
*Trading involves significant risk of loss.
