Last week delivered a classic risk-off rotation as equity indices pulled back whilst oil surged over 6% on geopolitical tensions. This week, I'm watching whether US30 can reclaim the 53,000 zone or if we're setting up for a deeper retracement into month-end.
Last week delivered a masterclass in range-bound chop across US indices, with the Dow and S&P 500 closing marginally lower despite Friday's stronger-than-expected payrolls data. Metals stole the show—gold and silver both surged over 3%—whilst USD/JPY collapsed nearly 2%, signalling renewed risk-off flows beneath the surface calm.
US indices closed mixed last week as Fed Chair Warsh's hawkish Jackson Hole comments rattled tech whilst oil surged on renewed Iran tensions. This week, I'm watching whether US30 can hold the 53,260 floor and if NAS100 finds buyers at the 28,875 low — both critical for maintaining bullish structure into September.
US indices closed mixed last week as tech sold off sharply whilst the Dow pushed higher, and precious metals surged on geopolitical tensions. This week, all eyes are on Nvidia earnings and Fed Chair Warsh's Jackson Hole speech — both capable of shifting sentiment fast.
US indices closed last week marginally lower after a three-week winning streak, with tech showing relative strength as NAS100 gained over 1.4% while the Dow shed half a percent. This week, I'm watching whether US30 can reclaim the 54,000 zone or if we're due for a deeper pullback into support.