Market Summary (May 1, 2025)

The macro environment remains risk-on, driven by ongoing optimism around US trade negotiations and geopolitical de-escalation. Equity markets, including the S&P 500, NASDAQ, and Bitcoin, are trending higher, supported by expectations of positive tariff developments with India and potentially South Korea and Japan. The US dollar is bullish, reflecting market anticipation of future economic improvements once trade deals materialize, despite current weak US data. Gold remains under pressure, with forecasts suggesting a move toward 3100 as market participants await confirmation of economic recovery. The narrative emphasizes patience in trade entry strategies, recognizing the complex interplay between current US data and forward-looking trade prospects, which continue to dominate market sentiment.