Positive risk sentiment, USD weaker

lmportant news this week:

• Thu, 16th, 08:00 CET UK Gross Domestic Product.

Sterling outperforms as markets shift focus to earnings

The British Pound is one of the strongest major currencies today, benefiting from continued US Dollar weakness and resilient UK economic expectations. The Canadian Dollar remains broadly unchanged after the Bank of Canada's latest policy decision, as the central bank delivered few surprises and offered limited new guidance. With no major economic releases scheduled today, FX markets are likely to remain driven by technical factors and corporate earnings.
Precious metals remain under pressure despite the weaker US Dollar. Silver is approaching a key technical support level, and a confirmed break could accelerate selling momentum. Gold is also trading softer, although it continues to outperform Silver on a relative basis. In cryptocurrencies, Bitcoin remains capped by its 50-day moving average on the daily chart, limiting upside momentum for now. Ethereum continues to outperform and shows stronger technical momentum, while XRP remains well supported as investors maintain selective exposure to larger altcoins.

Market talk

With the economic calendar relatively quiet, attention shifts to the start of the corporate earnings season. Results from major US companies will provide fresh insight into consumer demand, business investment, and the outlook for corporate profits. Strong earnings could help equities extend their recent gains despite mixed macroeconomic signals, while disappointing results may trigger profit-taking after the strong rally seen in recent months. For now, markets remain broadly constructive, but technical levels across FX, equities, metals, and crypto continue to dominate short-term trading.

Tendencies in the markets

• Equities at resistance, USD weak, BTC positive, oil rising, Silver weak, Gold weak.