Key Upcoming Events

  • Monday: US S&P Global Manufacturing PMI Final for October.
  • Tuesday: Speech by San Francisco Federal Reserve President Mary Daly, JOLTs Job Openings for September.
  • Wednesday: US ADP Employment Change for October.
  • Thursday: US Initial Jobless Claims for the week ending November 1st.
  • Friday: Series of speeches from Fed officials and monetary policy data releases.
The week commenced with a series of potential risks, which, through concerted efforts, were mitigated, temporarily shifting market sentiment to positive territory. The Federal Reserve's hawkish outlook benefited the dollar, pushing the Dollar Index to a two-month high. The 'Magnificent Seven' US tech companies all delivered positive earnings reports and forward-looking statements, allowing the artificial intelligence boom to continue its momentum. The coming week will witness a significant influx of US private sector data. Specifically, the typically overlooked JOLTs job openings and Challenger job cuts data will receive due attention, but understandably, all eyes will be focused on the two ISM surveys and the ADP employment report. A string of weak data releases next week would reignite market expectations for a December rate cut. Additional Analysis: Investors should also monitor geopolitical developments and any unexpected statements from Fed officials, as these factors could significantly impact market sentiment.

Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.

Latest news

gold

Thursday, 6 August 2026

Indices

Gold Price Today, August 7: XAU/USD Holds Near $4,250 Before US Jobs Report

usd-jpy

Thursday, 6 August 2026

Indices

USD/JPY Rises 0.4% to 158.40 as US Jobs Report Tests Yen Recovery

western-digital-stock

Thursday, 6 August 2026

Indices

Western Digital Stock Falls 13% and Sandisk Slides 7% as Guidance Disappoints

spacex

Thursday, 6 August 2026

Indices

SpaceX Stock Jumps 6% on $100 Billion Unlock Day as Earlier Selloff Absorbs Supply Shock

google-stock

Thursday, 6 August 2026

Indices

Alphabet Stock Falls as AI Leadership Changes and $25 Billion Bond Sale Raise Spending Questions

tesla-stock

Thursday, 6 August 2026

Indices

Tesla Stock Falls as $16.8 Billion Terafab Plan Raises Funding Questions

broadcom-avgo-stock

Thursday, 6 August 2026

Indices

AVGO Stock News Today: Broadcom Gains as AI Chip Momentum and September Earnings Move Into Focus

nfp

Thursday, 6 August 2026

Indices

US Nonfarm Payrolls Preview: Hiring Slows While Layoffs Stay Near Historic Lows

Thursday, 6 August 2026

Indices

Iran’s Strait of Hormuz Bill Would Bar US and Israeli Ships as Washington Rejects Any Restrictions

gold

Wednesday, 5 August 2026

Indices

Gold Price Today, August 6: XAU/USD Hits Seven-Week High Above $4,290