🔔 MARKET UPDATE 🔔

🇺🇸 Forex markets saw the U.S. Dollar continue its multi-month weakening trend, with EURUSD continuing its upward trend, supported by persistent dollar weakness.

⚱️ Gold prices plummeted, with spot gold recorded at $4,535.8 per ounce as of 07:00 GMT, marking a 6.7% drop from Friday's close. This extended the rout after a 9.8% fall on Friday, driven by increased CME margin requirements.

📊 U.S. equity futures opened lower, as a weekend slide in Bitcoin and Friday's precious metals sell-off weighed on sentiment.

🏥 U.S. healthcare insurers experienced steep declines after the government proposed a minimal 0.09% increase in 2027 reimbursement rates for private insurance plans, a sharp contrast to the 5.06% increase for 2026, severely impacting profitability.

🇪🇺 The Euro's appreciation raised concerns for European exporters, with ECB officials highlighting potential complexities for monetary policy if the currency continues its upward trend, noting its appreciation against the U.S. Dollar over the past year.

🗓 CALENDAR FOR TODAY

🟠 🇺🇸 USD - ISM Manufacturing PMI - 18:00 GMT+3