By Spec FX – August 8, 2025
US markets ended Thursday on a mixed note, with investors digesting Federal Reserve uncertainty and renewed strength in the tech sector. The Nasdaq led the gains, rising 0.35% to close at a fresh record high of 21,242, while the S&P 500 dipped 0.08% and the Dow Jones slid 0.51%.
Market Recap
- Nasdaq: ▲ 0.35% → 21,242 (Record Close)
- S&P 500: ▼ 0.08% → 6,340
- Dow Jones: ▼ 0.51% → 43,968
- 2-Year Yield: ↑ 1.3bps to 3.727%
- 10-Year Yield: ↑ 1.2bps to 4.250%
- Dollar Index (DXY): ▼ 0.10% to 98.08
- Brent Crude: ▼ 0.79% to $66.36
- WTI Crude: ▼ 0.82% to $63.82
- Gold: ▲ 0.80% to $3,394.55
Caution Ahead of the Weekend
Despite a relatively quiet session on Friday, traders remain alert to potential weekend catalysts, particularly involving the Fed, US-China trade dynamics, and geopolitical developments. The anticipated meeting between Trump and Russian President Putin could generate headlines that spark volatility at Monday’s open.
Global Preview
- Asia: Likely to open softer, with attention on the BoJ’s Summary of Opinions.
- Europe: Light calendar; GBP traders will monitor comments from MPC’s Pill after the BoE’s hawkish cut.
- North America: Watch for Canada’s jobs data — a weaker-than-expected result or a rise in the unemployment rate above 7.0% could pressure the CAD further.
Spec FX Outlook
With risk sentiment fragile and macro uncertainty brewing, positioning ahead of the weekend matters.
🔹 Tech stocks remain resilient, but trimming risk may be wise.
🔹 Gold continues to perform as a defensive hedge.
🔹 Crude remains under pressure amid geopolitical noise.
🔹 Keep a close eye on the CAD post-jobs data.
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