Risk-On Mood Lifts U.S. Futures While Commodities Slide

Hello traders, welcome to a new week of trading. Monday’s macro calendar is empty, with no major data releases scheduled, leaving markets to move more on technicals than fundamentals. That will change quickly — Tuesday is set to be busy, starting early with the interest rate decision from Australia, so any positions opened today should be mindful of tomorrow’s potential volatility. The earnings calendar is also empty, keeping the focus on broader sentiment and chart patterns.

Fundamentally, markets are still influenced by ongoing tariff talks and the looming deadline for new measures. For now, the tone is risk-on, with American indices and futures pushing higher into the green. In Europe, however, the DAX began the session on the back foot, even if the overall mood remains cautiously positive.

In the currency space, antipodean currencies are under notable pressure at the start of the European session, joined by weakness in the Canadian dollar. Strength is seen in the euro and Swiss franc. Commodities are facing a rough start to the week — gold is dropping sharply, silver is also under pressure, and oil is heading lower as well. This broad commodity weakness sets a negative tone that traders will be watching closely to see if it can reverse later in the day or as the week unfolds.

Source: https://www.axiory.com/analytics/market-news/risk-on-mood-lifts-u-s-futures-while-commodities-s