- Futures contracts point to a lower opening for today's cash session in Europe
- This comes after lawsuits were filed against current Fed Chairman Jerome Powell, which once again strike at the independence of the central bank
- The calendar for today's session will not include any significant macro publications
- Futures contracts point to a lower opening for today's cash session in Europe
- This comes after lawsuits were filed against current Fed Chairman Jerome Powell, which once again strike at the independence of the central bank
- The calendar for today's session will not include any significant macro publications
Monday's session on the financial markets is off to an interesting start, though not because of the macroeconomic data releases scheduled for today. After the weekend, the markets are focused on both geopolitics, centred on Greenland and Iran, and monetary issues, dictated by lawsuits filed against Jerome Powell, the chairman of the US central bank.
The turn of events means that precious metals and so-called "safe haven" currencies are performing very well today. On the other hand, futures contracts focused on American and European indices are losing value.
Investors are awaiting publications later this week (US CPI data and Wall Street banks' Q4 2025 results). Today, it seems that the markets will be driven by incoming ad hoc information.
Today's session calendar on the macro data side. Source: xStation
Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure
US100 loses 1.5% 📉
🚨Gold slumps 3% amid markets preparing for Chinese Lunar Year pause
Cocoa falls 2.5% to the lowest level since October 2023 📉
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