📅 Economic Releases
| Time (ET) | Event | Impact |
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| 10:00 AM | ISM Services PMI | High |
| 10:00 AM | JOLTS Job Openings | High |
📊 Earnings Today
📈 Premarket Gainers & Losers
🎯 Gamma Flip Point — $SPX (S&P 500 Index)
$SPX gamma flip point is 7195.94 |
🔥 Hot Market News
| Two US Navy Destroyers Navigate Iranian Barrage in Strait of Hormuz The USS Truxtun and USS Mason successfully navigated through the Strait of Hormuz despite facing a coordinated barrage of small boats, missiles, and drones launched by Iran. Despite the attacks, no U.S. vessels were struck as defensive measures intercepted the threats, part of the U.S. initiative Project Freedom to assist ships through the crucial chokepoint.
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| Maersk Ship Successfully Transits Strait of Hormuz Under U.S. Military Escort Maersk's U.S.-flagged ship, Alliance Fairfax, safely transited the Strait of Hormuz under U.S. military protection, marking a significant step in the U.S.'s Project Freedom initiative to escort stranded ships. The ship had been stuck due to U.S.-Iran conflict, highlighting the ongoing dangers in the area demonstrated by a recent explosion aboard a South Korean vessel.
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| Diamondback Energy Expands Operations Amid High Oil Prices Due to Iran Conflict Diamondback Energy, responding to high oil prices caused by the ongoing Iran war, has decided to increase its drilling and fracking operations in the Permian Basin. The company announced it will raise its drilling rig count from 15 to as many as 18, aligning with its plan to produce over 520,000 barrels of oil per day through the year as prices soar to $105 per barrel.
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| Palantir beats on revenue outlook, misses on commercial sales Palantir Technologies exceeded analysts' expectations for its revenue outlook but fell short in its commercial sales targets.
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| ServiceNow Sees $30 Billion Revenue By 2030 On AI Uplift ServiceNow aims to surpass its 2026 $15 billion subscription target by $0.5 billion and is betting on its 'AI Control Tower' and partnerships with tech giants like Google and OpenAI to drive up to $32 billion in subscription revenue by 2030. The company expects AI to enhance margins and deliver significant cost savings, while CEO Bill McDermott emphasizes ServiceNow's role as the 'AI of the AIs' and promises a 100-day satisfaction guarantee for AI implementations.
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| Donald Trump's Comments Threaten to Overshadow European Political Community Summit Nearly 50 European leaders will gather in Armenia to discuss issues like democratic resilience and energy security, but the summit may be overshadowed by Donald Trump's threats to cut U.S. troops in Germany and raise tariffs on European vehicles.
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💱 Forex & Commodities
| RBA Delivers Third Straight Hike, Cementing Outlier Status The Reserve Bank of Australia has implemented its third consecutive interest rate hike, distinguishing itself as an outlier among global central banks in monetary policy decisions.
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| Japanese yen holds steady as Tokyo's suspected currency intervention calms markets The Japanese yen remained stable amid market tension following suspected intervention by Tokyo, which previously caused sharp gains. Meanwhile, the U.S. dollar strengthened due to safe-haven demand influenced by ongoing Middle East tensions, and global investors are cautiously awaiting the Reserve Bank of Australia's anticipated rate hike decision.
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| JPY Remains Firm; Japan Official Cites IMF Rule: Three Consecutive Days of Intervention Counted as One Action The Japanese yen remained firm this morning (5th), last quoted at 157.23 against one USD. Foreign exchange traders continue to monitor potential intervention by Japan in the currency market. An official from Japans Ministry of Finance said that under International Monetary Fund (IMF) rules, foreign exchange interventions conducted over three consecutive business days are regarded as a single action.
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| Gold prices rebound from one-month low despite inflation fears Gold prices rose by 0.5% following a dip to a one-month low, as elevated oil prices fueled inflation concerns and impacted the US interest rate outlook. Traders have adjusted their expectations for US Federal Reserve rate cuts, placing a 37% probability of a rate hike by March 2027, amid ongoing tensions between the US and Iran over the Strait of Hormuz.
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🪙 Crypto News
| Katie Haun Raises $1 Billion for New Crypto and Blockchain Venture Funds Katie Haun, a former Andreessen Horowitz partner, has secured $1 billion for venture funds focused on crypto and blockchain firms, with investments planned globally in startups integrating financial services, AI, and alternative assets. Haun Ventures, while maintaining its emphasis on crypto and financial services, reflects a broader venture landscape adaptation to crypto volatility and AI demand, with successful past investments like the sale of stablecoin platforms Bridge and BVNK leading to notable returns.
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| AI's Hottest Private Companies Have Booming Crypto Shadow Market Crypto platforms are enabling trades tied to private AI companies like Anthropic and OpenAI, allowing retail investors access to these markets through perpetual futures and tokenized SPVs. Trading activity on platforms such as Ventuals and PreStocks has surged, although these instruments involve speculation without actual ownership of the companies.
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| ECB’s Lagarde Warns Europe Risks Being Left in the Dust as Digital Currency Race Intensifies Christine Lagarde, President of the European Central Bank, warned that Europe risks falling behind in the global adoption of digital currencies as competition among nations intensifies in the digital currency space.
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🛠️ Free Market Tools
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