Key Takeaway:
European markets open mixed and cautious as investors digest the impact of new U.S. tariffs, a weaker-than-expected U.S. jobs report, and ongoing global economic uncertainty. The euro holds steady, gold remains a safe-haven favorite, oil is under pressure, and cryptocurrencies rebound after recent volatility. Expect a day of heightened sensitivity to headlines and macro data.
🏦 European Markets: Mixed and Volatile Start
| Index | Opening Level | Change (%) | Brief Comment |
|---|---|---|---|
| FTSE 100 | 9,068.58 | 0.00% | Stable, showing relative resilience |
| DAX (Germany) | 23,425.97 | 0.00% | Flat, cautious after tariff news |
| CAC 40 | 7,546.16 | -2.91% | Under pressure, most sensitive to U.S. |
| STOXX 600 | 535.79 | -0.8% | Slight drop, regional volatility |
Summary:
London and Frankfurt hold steady, while Paris leads the declines. The focus is on tariff developments and investor confidence.
💱 Forex: EUR/USD and Major Pairs Amid Volatility
| Pair | Rate | 24h Change | Key Supports | Key Resistances | Technical Comment |
|---|---|---|---|---|---|
| EUR/USD | 1.1578 | -0.14% | 1.1550 / 1.1500 | 1.1620 / 1.1700 | Firm after weak U.S. jobs data |
| GBP/USD | 1.3277 | -0.01% | 1.3250 / 1.3200 | 1.3300 / 1.3350 | Technical rebound, cautious trend |
| USD/JPY | 147.74 | +0.25% | 147.00 / 146.50 | 148.50 / 149.00 | Yen strengthens after weak NFP |
EUR/USD Analysis:
- The euro holds above 1.1550 after disappointing U.S. jobs data, which weakened the dollar and increased expectations for Fed rate cuts.
- Technically, the pair could target resistance at 1.1620 if dollar pressure persists.
🪙 Gold, Oil & Crypto: Safe Havens, Pressure, and Rebound
| Asset | Current Price | Recent Change | Trend/Comment |
|---|---|---|---|
| Gold (spot) | $3,361.75/oz | +39.5% YoY | Strong, safe-haven demand at record highs |
| Brent Crude | ~$69/barrel | -20% YoY | Weak on oversupply and demand concerns |
| Bitcoin (BTC) | $114,606.19 | +0.8% 24h | Rebounding after correction, positive weekly |
| Ethereum (ETH) | $3,545.84 | +2.8% 24h | Renewed momentum, strong ecosystem |
| XRP | $2.99 | +5% 24h | Leading altcoin gains |
Key Insight:
Gold remains at record highs as a safe haven, oil is pressured by oversupply, and crypto is rebounding, with Bitcoin and Ethereum showing renewed strength.
📅 Economic Calendar
| Time (CET) | Event | Expected Impact |
|---|---|---|
| 10:30 | Eurozone Sentix Investor Confidence | Moderate |
| 14:30 | U.S. Factory Orders | High |
| 16:00 | Central Banker Speech | Very High |
📈 EUR/USD Technical Analysis
Figure: Daily EUR/USD chart with moving averages, key supports, and resistances. The euro remains firm after dollar weakness, but volatility could rise if technical levels are breached.
🔎 Quick Summary
- European stocks: Mixed open, Paris leads declines, general caution.
- Forex: EUR/USD steady, GBP/USD rebounds, USD/JPY falls after weak U.S. data.
- Gold: Safe-haven demand, near record highs.
- Oil: Pressured by oversupply and weak demand.
- Crypto: Bitcoin and Ethereum rebound, XRP leads altcoins.
- Key focus: Watch for investor confidence data and central bank speeches.
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By Ramon Morell
El Mundo del Trading en los Mercados Financieros 