USD/JPY breaks above confluence resistance on Monday, bolstered by higher U.S. yields. Meanwhile, the S&P 500 struggles at the 4,200 level, with bulls and bears battling for control of the market.

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Gold prices retreat as U.S. ISM manufacturing data weakens the case for a Fed pause, triggering a sharp rally in U.S. Treasury yields.

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The crude oil price gave up some of Friday’s gain to start the week after Chinese PMI data missed forecasts and several markets are closed for holidays. Will crude resume the recovery?

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The gold price slipped at the open on Monday as traders prepare for the Fed’s interest rate decision and the potential for impact across the yield curve and on the US Dollar.

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Global equity markets ended mostly higher in the past week, led by the US, following better-than-expected earnings from big technology companies. Key focus in the coming week is on the Fed, ECB and RBA rate decisions, global manufacturing and services PMI data and earnings of around 160 companies in the S&P 500 index.

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