Quiet Calendar, Active Charts: Dollar Gains, Yen Strengthens

After a period of lower volatility and reduced liquidity, markets are slowly picking up momentum again. Tuesday’s calendar remains quiet, with no key economic data scheduled for release. However, all eyes are already turning to Wednesday’s PMI numbers, which will cover major global economies and may inject more direction into the markets.

Indices are showing early signs of recovery after a bearish session in the US on Monday. Today, the trading ranges are narrow, and we’re still waiting for a clearer breakout or trend to develop. So far, it’s a cautious start.

On the currency market, we’re seeing:

• Strength in the Japanese Yen and the US Dollar

• Weakness in the Australian Dollar, Swiss Franc, and Euro

Interestingly, pairs like EUR/USD and GBP/USD (Cable) are showing signs of short-term bearish reversal, which could open the door for more downside if confirmed with daily closes.

On the commodities front, precious metals continue to shine—especially gold, which is now up over 30% year-to-date in 2025. It’s a remarkable rally and a strong show of safe-haven demand.

Oil is also pushing higher this morning, continuing its recent rebound attempt.

Finally, Bitcoin is one to watch—currently challenging the $89,000 mark. A daily close above that level could trigger a long-term buy signal and fuel another leg higher in the ongoing crypto trend.

Source: https://www.axiory.com/analytics/market-news/quiet-calendar-active-charts-dollar-gains-yen-stre