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This weeks update:
10 February 2025
Markets are heating up, and it’s time to stay sharp. From gold smashing new records to oil struggles and NFP surprises, here’s your weekly dose of market intel:
January NFP came in at 143,000 - missing forecasts of 169,000 and well below December’s revised 307,000. But here's the twist: average hourly earnings surged to 4.1%, smashing expectations. The unemployment rate ticked down to 4.0%.
The kicker? Major revisions to 2024 payroll levels saw March 2024 slashed by 589,000, recalibrating the average monthly gain to 166,000 from 186,000.
Markets were confused, swinging wildly before settling back. The 10-year US Treasury yield rose 4 basis points, hinting at inflation concerns.
Chinese tariffs shake markets
Mainland and offshore Chinese stocks rallied into the weekend, despite President Trump slapping an extra 10% tariff on Chinese exports, ending the 'de minimis' rule.
This move is a blow to online giants like Shein, which may cut its London IPO valuation by 20% to $50 billion. China plans retaliatory tariffs, rare earth restrictions, and an antitrust probe into Google.
Investors remain hopeful that talks between Presidents Trump and Xi will de-escalate tensions.
Gold hits a new high at $2,880
Gold continued its epic run last week, pushing past $2,880 for an all-time high. The daily MACD suggests it’s overbought, signaling a potential pullback - but as we all know, markets can defy logic and keep riding the trend.
Silver isn’t far behind, but it faces tough resistance around $32.50. Keep your eye on these metals—there could be fireworks.
Crude oil faces pressure at key levels
US Light Crude is trading below $71 per barrel after breaking several support levels. It's nearing the 76.4% Fibonacci Retracement of its December rally.
President Trump’s call for US producers to "drill, baby, drill" isn't helping sentiment, and with China facing an economic slump, demand growth looks shaky. Can oil find support, or is a return to $65 inevitable?
Economic calendar: What’s next?
This week kicks off with updates on Chinese CPI and PPI. Japan’s Economic Watchers Sentiment and the Eurozone’s Sentix Investor Confidence are also on the radar.
Wednesday brings the key US CPI release along with Crude Oil Inventories and the US Federal Budget Balance.
Friday wraps up the week with China’s Industrial Production and Eurozone Flash GDP. From the US, watch for Retail Sales, Import Prices, and Industrial Production.
This week's key earnings:
Monday
McDonald’s
Vertex Pharmaceuticals
Rockwell Automation
Tuesday
Coca-Cola
Shopify
BP
Wednesday
Taiwan Semiconductor
Cisco Systems
Kraft Heinz
Thursday
Unilever
Applied Materials
Sony
Friday
NatWest Group
Moderna
Paramount Global
This week’s top article:
Mastering chart patterns for smarter trading
Want to level up your trading game? Understanding chart patterns can give you the edge you need. From breakouts to reversals, this guide covers the key patterns that could help you spot market moves before they happen.
Keep pushing boundaries, trading smart, and owning the markets!
*Past performance is not indicative of future results.
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