{"id":74980,"date":"2025-03-10T11:29:06","date_gmt":"2025-03-10T00:29:06","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=74980"},"modified":"2025-03-10T11:29:09","modified_gmt":"2025-03-10T00:29:09","slug":"general-market-analysis-10-03-25","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/general-market-analysis-10-03-25\/","title":{"rendered":"General Market Analysis \u2013 10\/03\/25"},"content":{"rendered":"\n<p><strong>US Stocks Rally After Non-Farms and Powell \u2013 Nasdaq Up 0.70%<\/strong><\/p>\n\n\n\n<p>The major US indices all closed higher after jobs data came in slightly below expectations, and Jerome Powell stated that the economy is in a \u2018good place\u2019. The Dow finished up 0.52%, the S&amp;P rose 0.55%, and the Nasdaq gained 0.70%.<\/p>\n\n\n\n<p>US Treasury yields moved higher, with the 2-year yield rising 3.1 basis points to 3.999%, while the 10-year yield edged up 1.3 basis points to 4.301%. Meanwhile, the dollar continued to weaken, with the DXY down 0.26% to 103.84. Oil prices rebounded from recent lows, with Brent up 0.97% to $70.32 and WTI gaining 1.06% to $67.04. Gold remained relatively stable, trading within a tight range and closing nearly flat at $2,910.76 per ounce.<\/p>\n\n\n\n<p><strong>Gold in a Holding Pattern<\/strong><\/p>\n\n\n\n<p>Global markets experienced extreme volatility last week, with significant moves across various assets. However, gold remained relatively subdued, trading within much smaller ranges than expected.<\/p>\n\n\n\n<p>Despite the dollar plummeting nearly 4%, gold held firm, staying just above the $2,900 level for most of the week. Given the recent turbulence in the precious metal, this relative calm has surprised some traders. While gold remains within striking distance of all-time highs, expectations for a retest have waned. Instead, some traders anticipate a potential correction if profit-taking increases and the dollar regains favour. What most market participants agree on is that stronger moves are likely in the days and weeks ahead.<\/p>\n\n\n\n<p><strong>A Quiet Calendar Day to Kick Off the Week<\/strong><\/p>\n\n\n\n<p>This week\u2019s macroeconomic calendar is far quieter than last week\u2019s, with no tier-one data releases scheduled for today. Traders expect rangebound conditions in the early session but will closely monitor newswires for geopolitical developments that could drive market movements.<\/p>\n\n\n\n<p>Despite last week\u2019s packed calendar, the biggest market shifts were driven by geopolitical updates. Many market participants believe this trend will continue, with a strong focus on global trade issues and potential stimulus measures in the coming days.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Stocks Rally After Non-Farms and Powell \u2013 Nasdaq Up 0.70% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":74527,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[463],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/74980"}],"collection":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=74980"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/74980\/revisions"}],"predecessor-version":[{"id":74981,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/74980\/revisions\/74981"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/74527"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=74980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=74980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=74980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}