Markets Open September with Cautious Optimism

Hello traders, and welcome to a brand new week and a brand new month. With fresh charts and renewed hopes, markets open today with a cautious yet optimistic tone. The macro calendar is extremely light — in fact, both U.S. and Canadian markets are closed, so expectations for major fundamental drivers are very limited. Today will likely be all about technical flows and positioning rather than news.

On the indices, European futures are flashing green in the early stages of the European session, attempting a bullish rebound after a mixed end to last week. American futures are flatter, sitting closer to zero, but overall sentiment leans slightly positive as traders open the month.

Currencies bring a more decisive picture. European currencies are gaining ground, while the New Zealand dollar, Japanese yen, Australian dollar, U.S. dollar, and Canadian dollar all start the week on the back foot. That early divergence suggests some rotation back into Europe to kick off September trading.

Commodities are where the excitement lies. Precious metals continue their impressive run, all flashing green this morning. Year-to-date, gold is up 34%, copper 14%, and platinum an incredible 50% — a reminder that metals remain one of the strongest sectors in 2025. Oil is also surging higher on Monday, clawing back the sharp losses from Friday and trying to reset the positive trend.

Looking ahead, this week’s earnings calendar is light, with only two real heavyweights to watch — Salesforce reporting Wednesday and Broadcom on Thursday. The real highlight will arrive at the end of the week: Friday’s Non-Farm Payrolls. As always, the first Friday of the month will be the key moment for traders, with U.S. jobs data steering sentiment on currencies, indices, and beyond.

Source: https://www.axiory.com/analytics/market-news/markets-open-september-with-cautious-optimism