There is still uncertainty in the financial markets
Tariffs and the Fed. The hot topics in the financial markets remain unchanged, and the uncertainty still surrounding both issues is making investors more cautious. Meanwhile, earnings reports—though largely positive—are not fueling a rise in the markets. Equities remain uncertain, Eurozone bonds continue to rise, and there are positive signals for gold and the dollar index.
Our intermarket dashboards indicate a recovery in gold, though this doesn’t seem to affect the overall risk-on environment. We’re monitoring the bond market, which, thanks to a small rally in Europe, is bouncing off the 50-day moving average and remains in the upward trend that has been in place since the beginning of the year.
On the macroeconomic front, there are few noteworthy data releases today. The focus, therefore, shifts to the statements from the Fed Chair and the ECB President.
As for earnings, Coca-Cola and Philip Morris are scheduled to report today.
Our forecast analyses confirm a picture of uncertainty for equities—some positive signals, but also many wait-and-see situations. Positive signals for gold and the dollar, while on the bond side, the rally in U.S. government bond yields is slowing, and the positive outlook for Euro-denominated corporate bonds is confirmed. Expected volatility remains stable.
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NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 22 July 2025 - 7:18 AM GMT+1
This content is provided for informational purposes only and should not be considered financial advice. All scores and assessments are based on the previous trading day’s closing prices. Futures indications refer to the date and time of the analysis.
