US markets reopen with a softer tone, as S&P 500 (-0.58%) and Nasdaq (-0.96%) futures point lower, giving back gains seen earlier in the previous session. Treasury yields are easing slightly, with the 10-year at 4.03%, after last week’s sharp move higher. Focus is firmly on the bond market ahead of Friday’s core PCE and Q4 GDP releases.
Today’s data calendar is light, featuring the February NY Fed Empire State Survey and the NAHB Housing Market Index, but the bigger macro catalysts arrive later in the week.
Energy markets remain headline-driven. Brent crude rose 1.33% yesterday on renewed Middle East tensions, including reports of Iranian military exercises in the Strait of Hormuz, though prices are modestly lower this morning. US–Iran talks resume today, keeping geopolitical risk in play.
Precious metals are under pressure, with gold down nearly 2% this morning and silver falling over 3%, signalling a broader risk and rate-sensitive adjustment.
In equities, tech looks set to lead declines again at the open, continuing recent weakness following the holiday break. Overall, the S&P 500 faces a cautious start as investors balance softer yields, geopolitical developments, and key inflation data later this week.
Key Support and Resistance Levels
Resistance Level 1: 6872
Resistance Level 2: 6900
Resistance Level 3: 6934
Support Level 1: 6752
Support Level 2: 6730
Support Level 3: 6717
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.
Today’s data calendar is light, featuring the February NY Fed Empire State Survey and the NAHB Housing Market Index, but the bigger macro catalysts arrive later in the week.
Energy markets remain headline-driven. Brent crude rose 1.33% yesterday on renewed Middle East tensions, including reports of Iranian military exercises in the Strait of Hormuz, though prices are modestly lower this morning. US–Iran talks resume today, keeping geopolitical risk in play.
Precious metals are under pressure, with gold down nearly 2% this morning and silver falling over 3%, signalling a broader risk and rate-sensitive adjustment.
In equities, tech looks set to lead declines again at the open, continuing recent weakness following the holiday break. Overall, the S&P 500 faces a cautious start as investors balance softer yields, geopolitical developments, and key inflation data later this week.
Key Support and Resistance Levels
Resistance Level 1: 6872
Resistance Level 2: 6900
Resistance Level 3: 6934
Support Level 1: 6752
Support Level 2: 6730
Support Level 3: 6717
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.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.