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The Day Ahead - Risk-on bias, supported by trade optimismGlobal risk sentiment has improved, with stocks rallying on renewed optimism over a potential US-China trade deal. The positive tone also lifted commodities, with oil and copper gaining, while Treasuries fell and gold slipped, reflecting a move away from safe havens. Geopolitical developments remain in focus: Russia successfully tested its Burevestnik nuclear-powered cruise missile, capable of long-range flight and evading defense systems, raising fresh global security concerns. In the South China Sea, separate crashes involving a US helicopter and fighter jet occurred during President Trump’s Asia visit—thankfully, all crew members were safe. EU-China tensions resurfaced as European Commission President von der Leyen warned that China’s tighter rare-earth export controls represent a “significant risk,” suggesting potential EU countermeasures. In the UK, attention turns to Chancellor Rachel Reeves, who is in Saudi Arabia for the Future Investment Initiative summit. Her goal is to accelerate trade talks with Gulf states, part of efforts to underpin growth ahead of her upcoming budget announcement. For today’s trading, investors will be watching: Ongoing US-China trade headlines for signs of a concrete deal timeline. Commodity markets, given the rally in oil and metals. Bond yields, which may continue to edge higher as risk appetite returns. UK assets, for any signals from Reeves’ Riyadh meetings that could influence sterling or UK equities. Overall tone: Risk-on bias, with equities supported by trade optimism but lingering geopolitical risks keeping volatility in check. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
Is the Yellow Metal Ready to BUST Out?Hold onto your hats, traders! It's been a very wild ride in the FX_IDC:XAUUSD market, proving that what goes up (to a Double Top 🏔️🏔️) must come down (with a vengeance!). After a decisive rejection at the $4381 peak, Gold took a spectacular 8.64% dive last Tuesday, landing sharply at the $4002 low 📉. Talk about a waterfall! 🌊 But don't count the bulls out yet! Gold showed some backbone, bouncing 3.97% back up to $4161 before settling into a cage match. It's now consolidating in a classic Triangle pattern (a.k.a. Compression) 📐, ranging from the $4002 floor up to the stronger resistance near $4135. The Great Consolidation: Triangle Tension 😮‍💨 The key takeaway? That $4000 psychological support is a BEAST. 💪 It survived test after test during the Asia, EU, and US sessions last Tuesday and Wednesday! This resilience allowed Gold to build support: first at the $4065 level (the Fib 0.382) and then down to the $4043 low, followed by rock-solid support near the $4000 zone. As Friday closed out the week, Gold was still testing the lower $4100 area, pulling back to $4096. So, what’s next for the shiny metal? That $33 candle Friday, was a direct reaction to the release of the slightly softer-than-expected US September Consumer Price Index (CPI) inflation data. My Outlook: Patience is Gold, But the FED is Key 🔑 While some market watchers are singing a bearish tune 🐻, I see this as a healthy consolidation phase. Gold has already corrected 50% from its massive move (from $3631 low to the $4381 high). While a deeper correction to the 0.618 Fib at $3918 is possible, I don't see the catalyst right now to push it that far. My bet? Gold will continue to consolidate in $4050 - $4150 range until the major announcement from the FED 🏦. The sharp reversal from the Double Top might just be the clean-out needed to launch prices higher once the rate cut announcement (or even just the dovish talk of future cuts) takes place! The last inflation data was a mixed bag, which gives the FED room to sound reassuringly dovish. The FED Announcement is the main event this week. Mark your calendars! 🗓️ 🔥 Key Economic Events: Central Bank Super Week! 🔥 This week is absolutely jammed with market-moving events across the globe. Get ready for volatility! 🌪️ Monday, October 27, 2025 8:30 AM ET: USD 🇺🇸 Durable Goods Orders (MoM) (Sep) 10:00 AM ET: USD 🇺🇸 New Home Sales (Sep) Tuesday, October 28, 2025 10:00 AM ET: USD CB Consumer Confidence (Oct) Wednesday, October 29, 2025 (The Fed Day) 🏦 All Day: HKD Holiday - Chung Yeung Day 9:45 AM ET: CAD BoC Interest Rate Decision 10:30 AM ET: USD Crude Oil Inventories 2:00 PM ET: USD Fed Interest Rate Decision 2:30 PM ET: USD FOMC Press Conference 10:00 PM ET (Approx.): JPY BoJ Interest Rate Decision Thursday, October 30, 2025 (ECB and GDP Day) 2:00 AM ET: EUR German GDP (QoQ) (Q3) 4:00 AM ET: EUR German CPI (MoM) (Oct) 8:15 AM ET: EUR Deposit Facility Rate (Oct) 8:15 AM ET: EUR ECB Interest Rate Decision (Oct) 8:30 AM ET: USD GDP (QoQ) (Q3) 8:45 AM ET: EUR ECB Press Conference 9:30 PM ET: CNY Manufacturing PMI (Oct) Friday, October 31, 2025 (Inflation and Month End) 6:00 AM ET: EUR CPI (YoY) (Oct) 8:30 AM ET: USD Core PCE Price Index (MoM) (Sep) 8:30 AM ET: USD Core PCE Price Index (YoY) (Sep) 9:45 AM ET: USD Chicago PMI (Oct) ------------------------------------------------------------------------- This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly. Good luck and safe trading! 🚀📊
FX_IDC:XAUUSD
by Wick-Sniper
The Day Ahead - upside CPI surprises?Markets today will be focused on a heavy data slate and key central bank commentary, with attention centred on global flash PMIs and US inflation data, both of which could influence near-term rate expectations. Key data highlights: Global: October flash PMIs will provide the first look at business activity trends amid signs of slowing global momentum. US: September CPI and Kansas City Fed services activity will be closely watched for confirmation of easing inflationary pressures and the health of the services sector. UK: A busy morning with October GfK consumer confidence and September retail sales, both giving insight into the impact of high borrowing costs on consumers. Japan: September national CPI may test expectations that the BoJ will stay cautious on tightening. Europe: France’s consumer confidence and Sweden’s PPI add to the regional inflation picture. Central banks: ECB’s Nagel, Cipollone, and Villeroy are all scheduled to speak, and their tone could offer further clues about how long policy will stay restrictive given weak activity data. Corporate earnings: Another big day in earnings, with Procter & Gamble, Sanofi, NatWest, and Porsche reporting. Investors will look for commentary on margins and consumer demand as inflation cools. Other developments: Moody’s will review France’s credit rating, a potential risk event given recent fiscal slippage. Ireland’s presidential election takes place, though market impact is likely limited. Market outlook: With so many key data releases and earnings updates, volatility could pick up. Traders will be looking for signs of cooling inflation but resilient activity to sustain the recent equity rebound, while bond markets remain sensitive to any upside CPI surprises. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
US DOLLAR AnalysisRespect the Higher Low: The Quiet Power of an Uptrend U.S. Dollar Index (DXY) | 23 Oct 2025 | Pre–New York Session Outlook By Daniel Fadeley The U.S. Dollar continues to show a bullish bias, with higher lows forming consistently across both the weekly and daily structure. This ongoing strength keeps the broader tone positive for USD, while EURUSD and GBPUSD remain under cross-asset pressure. We’re currently operating inside a bullish range with 97.672 as the range low and 99.205 as the range high. Context Momentum favors the dollar as buyers continue defending each pullback. If this month’s bullish structure holds, the market could confirm a longer-term upward phase. However, conditions are slightly extended on Fibonacci sequence levels, suggesting reduced reward-to-risk for new swing positions until a clean retest offers better value. Technical Map Price took out yesterday’s high (98.771) and approaches the range ceiling at 99.205. Volatility remains elevated through the week, and intraday momentum supports buy-the-dip behavior while daily lows continue to hold. For cross-assets, this structure implies ongoing pressure on major USD pairs while the dollar holds above recent higher lows. Fundamental Outlook The week ahead features several key macro events: U.S. GDP advance data Core PCE inflation release Multiple Federal Reserve speakers Ongoing U.S. government funding discussions Impact lens: Yields rising → typically strengthens USD and tightens global liquidity. Yields easing → can relieve pressure on risk assets such as equities and crypto. Liquidity trends show ETF inflows slowing and capital rotating defensively, consistent with cautious macro positioning. Plan Current outlook remains bullish within range, focusing on position trades from defended lows and short-term rotational setups during volatility spikes. Patience near 99.205 is key — a clean breakout with retest would confirm continuation; failure there could mean another controlled rotation inside the range. Mindset “Structure builds confidence. Clarity builds control.” In fast markets, the goal is not prediction but preparation — follow structure, protect capital, and let confirmation lead conviction. Educational use only — not financial advice. Follow @CORE5DAN for calm, data-driven analysis and weekly structure lessons. — CORE5DAN Institutional Logic. Modern Technology. Real Freedom.
CAPITALCOM:DXYLong
by CORE5DAN
The Day Ahead - earnings and confidence dataThursday, October 23 – Trading Summary Markets today will focus on a mix of key macro data and high-profile corporate earnings, alongside continued political developments in Europe. Data: In the US, September existing home sales and the October Kansas City Fed manufacturing activity will give insight into housing and regional business conditions. In Europe, France’s October business confidence and the Eurozone’s October consumer confidence surveys will indicate sentiment momentum heading into Q4. Canada’s August retail sales data will offer a snapshot of domestic spending resilience. Central Banks: ECB’s Philip Lane speaks, and investors will watch closely for any hints on the inflation outlook or timing of future rate cuts. Earnings: A busy day on the corporate front with T-Mobile US, Blackstone, Intel, Union Pacific, Honeywell, Newmont, Lloyds, and Ford Motor reporting. These results will provide a broad cross-sector gauge of Q3 performance — spanning telecoms, finance, tech, industrials, and autos. Other Events: The European Council summit in Brussels begins, where EU leaders will discuss fiscal coordination, competitiveness, and geopolitical issues — potentially influencing sentiment in European markets. Auctions: The US 5-year TIPS auction could draw attention given the recent decline in yields and expectations around inflation-linked demand. Overall: With sentiment still near recent highs, traders will watch whether earnings and confidence data can sustain the rally or if softer signals start to weigh on risk appetite. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead Data: In the UK, key inflation figures are due — September CPI, RPI, and PPI, along with the August house price index — providing an important gauge for the Bank of England’s policy outlook. From Japan, the September trade balance offers further insight into export trends and the impact of yen weakness. Central Banks: ECB President Lagarde and Vice President de Guindos are scheduled to speak, and markets will watch for any guidance on future rate cuts or balance sheet policy. Earnings: A heavy corporate earnings day with reports from Tesla, SAP, IBM, Thermo Fisher Scientific, AT&T, UniCredit, Barclays, Hilton, Heineken, Southwest Airlines, and Alcoa. These releases span key sectors — technology, banking, travel, and consumer goods — and could drive significant single-stock and sector moves. Auctions: The US 20-year Treasury bond auction will be closely monitored for investor demand and its implications for longer-dated yields. Overall: Expect trading to be guided by UK inflation surprises, central bank commentary, and high-profile US and European earnings results. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead Data: US: Philadelphia Fed non-manufacturing index (awaited) — follows a sharp drop in manufacturing activity, suggesting slower growth. UK: September borrowing £20.2 bn, highest in five years — raises fiscal concerns before November’s budget. Canada: September CPI expected around 2.3% YoY — could shape Bank of Canada rate-cut expectations. Central Banks: ECB’s Lagarde, Nagel, Lane, Escriva speak — likely to stress caution on further rate cuts, keeping euro yields firm. Earnings Highlights: Reports from major names including Netflix, GE, Coca-Cola, Philip Morris, RTX, Texas Instruments, Capital One, Lockheed Martin, 3M, GM, Western Alliance Bancorp. Focus: guidance, margins, demand trends, and rate sensitivity. Strong results could lift risk sentiment; weak outlooks may trigger caution. Market Tone: Macro data and central-bank signals likely to guide early sentiment. Corporate earnings will drive intraday direction — tech and industrials in focus. Overall mood: cautious but data-driven, with traders watching for confirmation of economic slowdown or resilience. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead Markets begin the week with a relatively light data calendar and few major earnings, so attention will likely focus on macro signals from Europe and central bank commentary. Key data: Germany’s September PPI will offer a fresh read on inflation trends in Europe. The Eurozone’s August construction output and Italy’s current account balance will provide further insight into regional growth momentum. In North America, Canada releases September industrial and raw materials price indices, while the Bank of Canada’s Q3 business outlook survey will be closely watched for signs of sentiment ahead of the next policy meeting. Central banks: A series of ECB speakers — Schnabel, Nagel, and Vujcic — are scheduled, and any comments on the inflation path or rate outlook could influence euro and bond markets. Earnings: Corporate results are light, with Zions Bancorp the main release, offering a glimpse into US regional bank performance. Other events: China’s Fourth Plenum, running through October 23rd, could generate policy headlines related to economic strategy and reforms. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead - trading may remain cautious ahead of the weekendMarkets will be looking to end the week on a steady footing, with a busy data slate focused on the US and several central bank appearances. In the US, attention will turn to the September industrial production, building permits, housing starts, import/export price indices, and capacity utilisation, all of which will give further clues on the strength of the economy heading into Q4. The August TIC flows report will also shed light on foreign demand for US assets, while housing data could influence expectations for the Fed’s policy path. Central bank speakers are in focus across regions — the Fed’s Musalem, ECB’s Nagel and Rehn, BoJ’s Uchida, and BoE’s Pill, Greene, and Breeden are all scheduled, offering potential insights into policy divergence among major central banks. On the corporate side, American Express and Volvo headline earnings, providing key reads on consumer spending and global industrial demand respectively. Overall, trading may remain cautious ahead of the weekend, with investors weighing economic resilience against the potential for slower global growth and ongoing central bank rhetoric. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead - Macro Data (Economic Releases)Macro Data (Economic Releases) – Today US September CPI: Key inflation data; higher-than-expected could delay Fed rate cuts. US October Empire Manufacturing Index: Insight into regional manufacturing health. China September CPI & PPI: Signals demand strength and factory inflation. Japan August Capacity Utilization: Tracks industrial activity. Eurozone August Industrial Production: Indicates regional growth trend. Italy August Government Debt: Important for Eurozone fiscal stability. Canada August Manufacturing Sales: Measures industrial demand. Denmark September PPI: Shows producer price trends. Central Bank Events – Today Fed: Beige Book (economic conditions report); Fed’s Miran & Waller speak. ECB: Guindos, Rehn, and Villeroy speak. BoE: Ramsden and Breeden speak. Watch for any signals on interest rates or inflation concerns. Earnings Reports – Today Bank of America (BAC) Solid results; focus on interest margins and loan growth. Morgan Stanley (MS) Watch trading revenue and wealth management trends. ASML Key for semiconductor sector; strong orders and guidance would boost tech stocks. Abbott Laboratories (ABT) Medical devices and diagnostics in focus; strong growth could support healthcare sector. Prologis (PLD) Industrial REIT; leasing activity and logistics demand are key. Market Focus CPI data is most important for direction. Bank earnings set tone for financials. ASML impacts tech broadly. Fed & ECB speakers could move rates, USD, EUR. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead Key Economic Data: US: September NFIB Small Business Optimism – gauges small business confidence. UK: August Average Weekly Earnings, Unemployment Rate, September Jobless Claims – important for labor market and inflation outlook. Germany/Eurozone: October ZEW Economic Sentiment Surveys – key forward-looking sentiment indicators. Japan: September M2, M3 Money Supply – tracks money supply growth. Canada: August Building Permits – reflects housing and construction activity. Central Bank Speakers: Federal Reserve: Powell, Bowman, Waller, Collins – potential clues on future rate path. ECB: Cipollone, Makhlouf, Kocher, Villeroy – updates on Eurozone monetary policy stance. Bank of England: Bailey, Taylor – insights into UK policy amid inflation and wage pressures. Earnings Reports: Banks: JPMorgan, Goldman Sachs, Wells Fargo, Citigroup, BlackRock – market focus on loan demand, credit conditions, and economic outlook. Healthcare: Johnson & Johnson – important for sector and broader earnings sentiment. Tech: Samsung Electronics – global chip and smartphone industry readout. Consumer: Domino’s Pizza, Albertsons – insights into consumer demand and inflation impact. Overall Market Impact: Equities: Bank earnings and Fed commentary in focus. Currencies: USD and GBP sensitive to data and central bank remarks. Rates: Fed and BoE speakers may influence bond yields. Risk Sentiment: Data and earnings will shape short-term market tone. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead - US markets closed for Columbus DayIt’s a quiet start to the week with US markets closed for Columbus Day, meaning lower trading volumes are likely. The main focus today will be on data from China and Germany, providing an update on global trade and inflation dynamics. Data: China’s September trade balance offers a snapshot of external demand, while Germany’s current account and wholesale price index will give insight into the Eurozone’s export and inflation trends. Central banks: Comments from Fed’s Paulson and the BoE’s Greene and Mann will be watched for any policy guidance, particularly around inflation persistence and timing of potential rate cuts. Events: The World Bank and IMF Annual Meetings begin today (through October 18), with attention likely on global growth, fiscal policy, and debt sustainability discussions. Overall, with US markets shut and limited new catalysts, trading could remain subdued and directionless, with investors looking ahead to key US inflation and earnings data later in the week. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day AheadMarkets today will focus on a mix of US sentiment data and key global releases that could shape rate expectations going into next week. Data highlights: In the US, attention will be on the October University of Michigan consumer sentiment survey and the September federal budget balance, both of which offer insight into consumer confidence and fiscal conditions. In Japan, September PPI and bank lending data will shed light on inflation pressures and credit dynamics. Europe’s focus includes Italy’s August industrial production, while Sweden’s August GDP and CPI data from Denmark and Norway will provide regional growth and inflation signals. Canada’s September labour report is another key release, likely to influence Bank of Canada policy expectations. Central banks: Comments from Fed officials Goolsbee, Daly, and Musalem will be closely monitored for any signals on the timing of potential policy shifts. Earnings: Only one notable corporate report today — Gerresheimer — which may influence European equities in the healthcare and packaging sectors. Overall: Expect a relatively calm session with attention centred on consumer sentiment and labour data for clues on growth resilience and the interest rate outlook heading into the next week. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead Markets will focus today on several key data points and central bank appearances: Data: In the US, August wholesale trade sales and initial jobless claims will provide fresh insight into labour market strength and demand trends. In the UK, the September RICS house price balance offers an update on housing market sentiment. From Japan, September machine tool orders will gauge industrial momentum. In Germany, the August trade balance will be watched for signs of export weakness amid soft global demand. Central Banks: Comments from Fed’s Kashkari and Barr may offer further guidance on US monetary policy direction. The ECB’s account of its September meeting and remarks from Villeroy could give clues on the Governing Council’s policy bias. BoE’s Mann also speaks, potentially influencing sterling if she signals concern over inflation persistence. Earnings: Delta Air Lines and PepsiCo report, providing early insights into Q3 corporate performance and consumer demand trends. Auctions: The US Treasury will hold a 30-year bond auction, which could influence long-end yields and broader rate sentiment. Overall focus: Markets will be sensitive to jobless claims and central bank commentary for signals on economic resilience and the policy outlook, while earnings from Delta and PepsiCo set the tone for the start of the US reporting season. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead - FOMC minutesMarkets will focus on a mix of key data and central bank events today. Data highlights: From Japan, August labour cash earnings, current account and trade balance figures, along with the September Economy Watchers survey, will offer insight into the strength of the consumer and external sectors. Germany’s August industrial production is another important release, giving a read on the Eurozone’s manufacturing momentum. Sweden’s September CPI could influence expectations for Riksbank policy. Central banks: The FOMC meeting minutes will be the main event, with investors watching closely for any discussion around the timing and pace of potential rate cuts. Additional remarks are due from Fed officials Barr, Musalem and Kashkari. The Bank of England’s Pill is also scheduled to speak, while the Reserve Bank of New Zealand announces its latest policy decision. Auctions: The US Treasury will hold a 10-year note auction, which may provide insight into investor appetite and yield dynamics. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead UK Construction PMI (Sept): Rose slightly to 46.2 (from 45.5), still showing contraction. Germany Construction PMI (Sept): 46.2, marginally higher but still in recessionary territory. Eurozone Construction PMI (Sept): Fell to 46.0 (from 46.7), signaling deeper sector weakness. Eurozone Retail Sales (Aug): Awaited, focus on consumer demand trends. Central banks: ECB’s Lagarde, Guindos, and Lane, plus BoE’s Bailey, all speaking today. Markets will watch for policy tone—weak data raises the risk of dovish messaging. Market impact: Euro and sterling under pressure from soft growth; bond yields may ease; equities could benefit from increased rate cut expectations. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead Non-Non-Farm-Payrolls day! Friday, October 3 Data releases: UK September official reserves changes France August industrial production Italy September services PMI, August retail sales, Q2 deficit Eurozone August PPI Central banks: Fed’s Williams and Jefferson speak ECB President Lagarde, Sleijpen, Villeroy, Schnabel scheduled BoE Governor Bailey speaks This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead Markets will be focused on a steady flow of macro data and central bank commentary. In the US, August factory orders and weekly initial jobless claims will provide fresh signals on activity and labor market resilience. In Europe, attention falls on the Eurozone and Italy unemployment data, France’s budget balance, and Switzerland’s September CPI, all important for inflation and fiscal dynamics. From Asia, Japan releases its September monetary base and consumer confidence index, giving insight into domestic conditions as the BoJ remains cautious. On the policy side, there’s a heavy central bank schedule: remarks from the Fed’s Logan, several ECB speakers (Villeroy, Makhlouf, Guindos), and the BoJ’s Uchida may guide rate expectations, while the BoE’s September Decision Maker Panel survey will be closely watched for inflation persistence in the UK. On the corporate side, Tesco reports earnings, giving a read on UK consumer demand and retail margins in the current cost-of-living environment. Key themes for traders: US jobless claims and factory orders as signals for Fed policy. Eurozone labor market and Swiss CPI for ECB/Swiss National Bank outlooks. Central bank speeches likely to set the tone on policy divergence. Tesco results as a consumer sector bellwether in the UK. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead - The US government shuts downKey Data Releases US: September ISM manufacturing index, ADP employment report, total vehicle sales, August construction spending. Japan: Q3 Tankan survey. Eurozone: September CPI. Italy: September manufacturing PMI, new car registrations, budget balance. Canada: September manufacturing PMI. Central Bank Speakers Federal Reserve: Logan. ECB: Guindos, Kazimir, Kocher, Nagel, Simkus. Bank of England: Mann. Market Impact Focus: US ISM & ADP → important for growth and labour market signals ahead of Friday’s payrolls. Eurozone CPI → key for inflation trajectory and ECB’s next steps. Japan Tankan survey → sentiment check on business outlook. Central bank commentary could steer interest rate expectations across USD, EUR, and GBP. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day AheadMacro Data Focus US: Heavy data slate with the Conference Board consumer confidence index, Chicago PMI, Dallas Fed services, August JOLTS, and July FHFA house prices—all giving insight into growth momentum, labour demand and inflation pressures. China: September PMIs in focus for signs of resilience or renewed weakness in activity. Europe/UK: Germany CPI, unemployment, retail sales; France CPI, consumer spending & PPI; Italy CPI & PPI; UK Lloyds business barometer and Q2 current account. These will shape ECB/BoE rate expectations. Japan: Industrial production, retail sales, housing starts add to the policy debate after the BoJ’s recent meeting. Central Banks RBA: Policy decision first thing, with markets watching for any dovish signals. Fed: Jefferson and Goolsbee speaking, could add nuance to the rate path after recent data. ECB: Lagarde, Rehn, Cipollone, Nagel all on the calendar—expect plenty of commentary on inflation and growth. BoE: Lombardelli, Mann, Breeden speeches, key for forward guidance. BoJ: Release of the September meeting opinions for policy tone. Earnings Nike: Reports after the close, offering a read on consumer demand and global retail trends. Trading Takeaway Today is data-heavy across the US, Europe, Japan and China, so expect higher volatility with potential cross-asset spillovers. Inflation prints (Germany, France, Italy) and US confidence/JOLTS will be particularly influential for bond yields and rate expectations. Central bank speakers (Fed/ECB/BoE) add another layer of event risk. RBA decision sets the tone for Asia early on, while Nike earnings will be closely watched after hours. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead Data to watch: US: Dallas Fed manufacturing activity (Sept), pending home sales (Aug). UK: Net consumer credit, M4 money supply (Aug). Eurozone: Economic, industrial, and services confidence (Sept). Central banks: Fed: Waller, Bostic, Hammack speaking. ECB: Müller, Lane, Cipollone, Centeno on the agenda. BoJ: Noguchi speaks. BoE: Ramsden speaks. Earnings: Carnival reports. Takeaway for markets: Plenty of central bank commentary across the Fed, ECB, BoE, and BoJ could shape rate expectations. US housing and manufacturing data may guide growth sentiment. Eurozone confidence readings will be closely watched after recent soft patches. Carnival’s earnings give a consumer and travel demand signal. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead - Focus squarely on US PCE inflationData to watch: US: August PCE inflation, personal income & spending → key for Fed rate expectations; September Kansas City Fed services activity. Japan: September Tokyo CPI → early read on inflation momentum. Europe (Italy): September consumer confidence, economic sentiment, manufacturing confidence → sentiment check amid slowing growth. Canada: July GDP → growth pulse ahead of BoC outlook. Central banks: Fed’s Barkin and Bowman speak → could provide policy tone after recent mixed US data. ECB releases August consumer expectations survey → insight into inflation perception and confidence. Market impact: Focus squarely on US PCE inflation as it’s the Fed’s preferred gauge. A softer print could revive hopes for quicker easing, supporting equities and Treasuries, while a stronger one could weigh on risk assets and boost the dollar. Tokyo CPI will guide yen sentiment; upside surprise could strengthen JPY. European confidence indicators may reinforce the slowdown narrative, pressuring EUR. Canada GDP has CAD implications, especially if growth deviates from expectations. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead Data highlights: US: August durable goods orders, advance goods trade balance, wholesale inventories, existing home sales, jobless claims, and Kansas City Fed manufacturing survey. Japan: August PPI services. Europe: Germany October GfK confidence, France September confidence, EU new car registrations, and Eurozone August M3. Central banks: Heavy Fed speak with Goolsbee, Williams, Bowman, Barr, Logan, Daly. ECB economic bulletin out. BoJ July meeting minutes released. SNB policy decision due. Corporate earnings: Costco and Accenture report. Auctions: US 7-year Treasury notes. Overall, today’s session is shaped by a dense US data calendar, global confidence indicators, and central bank updates, with extra focus on the SNB decision and Treasury auction for market tone. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation