
COMING UP: Data: Spanish Retail Sales (Mar), Italian PPI (Mar), US ADP Weekly Employment Change, US House Price Index (Feb), US CB Consumer Confidence (Apr), US Richmond Fed Index (Apr), US Dallas Fed Index (Apr). Events: BoJ Policy Announcement (Apr), NBH Policy Announcement (Apr). Speakers: BoJ Governor Ueda; ECB President Lagarde. Supply: Netherlands, UK, US. Earnings: RobinHood, Bloom Energy, Visa, Booking.com, NXP Semiconductor, UPS, Coca-Cola, Spotify, General Motors, Centene, Airbus, Air Liquide, BP, Barclays.
Newsquawk US Market Wrap: Oil bid after Trump cancels talks with Iran
SNAPSHOT: Equities flat, Treasuries down, Crude up, Dollar down, Gold down

NAS100 (NASDAQ) 4 HOUR
Stock markets are trying to disconnect from geopolitics with a focus on tech earnings this week.
NAS100 consolidating below the 27423 record high and thus has not confirmed US500 setting a marginal new record high.
Otherwise, keep an eye on the record high as it needs to be broken for a fresh dose of momentum.

Reuters gold poll
…The metal’s broader rally is expected to resume once tensions ease, the poll found.
The survey of 31 analysts and traders conducted over the past three weeks returned a median gold forecast of $4,916 per troy ounce for 2026, the highest annual forecast in Reuters polls dating back to 2012. The latest forecast compares with $4,746.50 estimated three months ago….
ETHUSD
BitMine (BMNR) has shown a notable increase in accumulation activity recently as it purchased 101,901 ETH over the past week at an average price of $2,369 per ETH. It currently holds about 5.078 million ETH, which constitutes roughly 4.21% of all tokens in circulation.
It implies spending $241.4 million within the last seven days to buy the mentioned amount of Ethereum, which is BitMine’s highest buying speed since December 15, 2025.
ETHUSD (4HR)
Ethereum has witnessed short-term selling pressure recently as it fell 5.49% in the past 8 hours and 3.02% in the past 24 hours. The bearish pressure has pushed Ethereum below the significant $2,300 support zone and where currently being supported above the EMA200.
Currently, the next key support zone will be near the level of $2,250

US EQUITY OPEN: Tech-heavy NDX lags as indices open rangebound in a risk-filled week

US STOCK MARKET UPDATE (1 HOUR)
Similar patterns: NAS100 (NASDAQ) and US500 (SP{500) Retracement risks noited
NAS100: Consolidating below the 27423 record high. Firm move below 27252 (tested) would be needed to break momentum for the latest leg up and increase risk of a retracement.
US500: Consolidating below the 7181 record high. To break momentum from the latest leg and increase risk of a retracement, 7148 would need to be firmly broken.
NAS100 US500

Oil ticking up on wait-and-see day, so far limited correlations

US PRE-MARKET MOVERS: Mag-7, QCOM, OGN, VZ, SNAP, IONQ/SKYT, PINS, ADBE, ORCL, NMR, DPZ
ES flat NQ +0.2% RTY +0.1%

The weekend brought us stalemate in Iran, resurgent oil prices, and a shooting close to a Washington press dinner attended by President Donald Trump and his officials – yet tech stocks keep rising regardless.
The dissonance between the AI boom and rancorous geopolitics looks set to continue this week. Companies representing some 44% of the S&P 500’s market cap will report earnings in the coming days, with little sign so far of any let-up in the AI arms race around the world….Reuters US Morning Bid)
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