Economic Data: With Light Data, What’s the Vibe Of Today’s Market?

Economic Data: With Light Data, What's the Vibe Of Today's Market?

The dollar retreated on Monday as investors focused on US inflation economic data expected later this week, while the yen fell to a near 34-year low and traders remained wary of possible moves by Japanese authorities. support a weaker currency.

The dollar index, which tracks a basket of six other currencies, fell 0.16% to 104,121.

Gold prices hit a pause its recent speculative up move after scaling to historic highs in the previous session on expectations of lower U.S. interest rates this year, while traders await further cues from a key jobs report due later in the day.

Copper prices in London hit their highest in more than 14 months on Monday, helped by demand from momentum-following funds, strong German industrial data and a rally in other commodities.

Crude Oil prices fell on Monday, ending a multi-session rally after Israel reduced its troops in southern Gaza and began a fresh round of ceasefire talks with Hamas.

MCX gold futures settled +0.39% to 70912.Silver settled +1.25% to 81875. Copper settled +1.85% to 816.05. Crude oil -1.44% at 7179. Natural gas +1.72% to 154.1

Economic data and events scheduled today


At 10.30pm- Consumer Confidence. Data is foreseen at 39.6 from previous 39.1.

At 11.30am- Prelim Machine Tool Orders y/y. Previous was at -8.0%.

Above data could have a positive impact on the Yen.


At 12.15am- French Trade Balance. Data is foreseen at -7.0B from previous -7.4B.

Above data could have a neutral3 impact on the Euro.


At 3.30pm- NFIB Small Business Index. Data is foreseen at 88.8 from previous 89.4.

Tentative – RCM/TIPP Economic Optimism. Data is foreseen at 44.2 from previous 43.5.

Above economic data could have a positive impact on the dollar.

Happy Trading!

Commodity Samachar
Learn and Trade with Ease

Also Read: Gold Price Surge: The Rally Mystery Revealed!, Forex News Letter: While US Dollar Floats, Gold Surfs to the Top!

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