Markets opened the week cautiously as investors continue to monitor economic data, fiscal risks, and inflation signals. The U.S. dollar remains under pressure while risk appetite is mixed, reflecting uncertainty about the growth outlook and central bank policy direction. Today’s calendar brings several releases that traders are watching closely for clues on consumer spending, property markets, and monetary conditions.

Key Data Releases to Watch Today

Below are some of the main economic releases listed for this week (via ForexFactory) that could move markets, along with their most recent values:

• Pending Home Sales m/m (U.S.) — Previous: –0.4%, Forecast: 0.2%
• Spanish Flash CPI y/y — Actual: 3.1%, Forecast: 2.7%
• M4 Money Supply m/m (UK / GBP) — Actual: 0.2%, Forecast: 0.1%

These data points will give insight into property market momentum, inflation pressures in Europe, and money supply trends in the U.K., which together may shift sentiment about growth, inflation, and liquidity across markets.

EUR/USD

The euro may find modest support as stronger European inflation data contrasts with fragile U.S. housing figures. Any downside surprises in upcoming American releases could keep the dollar under pressure, while positive shocks may quickly reverse flows back into the greenback.

EUR/USD moved above the SMA50 on Monday amid softer US dollar. The buy zone is at 1.1750-1.1760. In case of testing the SMA50, I would suggest buyin in case of reversal candlestick patterns like hammer, inverted hammer, spinning top. Should the currency pair plunge lower with a confirmed breakout, I would suggest selling below the SMA50.

Gold

Gold remains underpinned by demand for safe-haven assets. Elevated inflation risk and central bank uncertainty continue to buoy interest in bullion. The metal is likely to respond sensitively to inflation surprises or dovish signals from global monetary authorities.

I would suggest buyin gold above 3,800 or if it goes for a retest of the SMA50 with a reversal signal. Short positions are less preferable today, but I would sell below the SMA50 in case of a clear and confirmed breakout on the hourly chart.

WTI Crude Oil

Oil markets are treading water, caught between demand concerns and supply-side questions. Consumption signals from the U.S. and macro data releases later may add direction. Any upside surprise in economic activity could lift crude, while sluggish demand hints may act as a drag.

I’ve already bought crude oil on the even of the European session as I see some upside potential. The closes target is at 66.20-66.30. In case of a downside breakout with confirmation, I would suggest selling WTI.

Bitcoin

Bitcoin continues to see muted momentum, as broader risk sentiment remains fragile. The crypto space remains vulnerable to macro surprises or shifts in liquidity. Any dovish surprise in money supply or inflation could attract speculative flows.

Bitcoin is moving towards the SMA50 on the hourly chart. In case of a reversal signal, I would buy from there. If there is a clear and confirmed breakout, I would sell.

Ethereum

Ethereum mirrors Bitcoin’s mood. Without a strong independent catalyst, it remains exposed to broader macro moves and sentiment shifts.

Ethereum is moving the same direction as Bitcoin doing. Buying will be possible fomr the SMA50 on the hourly chart in case of a reversal signal. Sellings will be preferable below the SMA50 in case off a clear breakout with confirmation.