There are some signs of progress on the US government shutdown and I’m optimistic it will end on the weekend but for now we wait. That means that a second non-farm payrolls report is going to be missed, leaving the Fed and markets with a big blind spot at a critical time.S&P 500 futures are down 0.5% as tech stocks struggle. Part of that is a report saying the US is blocking chip exports to China. The rally in NVDA late last month was at least partly due to reports that the Trump admin would drop some chip-selling restrictions. NVDA is down 1.3% in the pre-market.The highlight on the economic calendar today is the Canadian jobs report, which is likely to show a hangover from the +60.4K reading last month. The consensus is -2.5K with unemployment steady at 7.1%.Later, we get the November US consumer sentiment report from The Conference Board.
This article was written by Adam Button at investinglive.com.
💡 DMK Insight
The potential end of the US government shutdown could shift market sentiment significantly this weekend. If lawmakers reach an agreement, expect a surge in risk appetite, particularly in equities and commodities, as traders will be looking for clarity on economic indicators like non-farm payrolls. Missing this report leaves a gap in the Fed’s data-driven decision-making, which could lead to increased volatility in the forex markets, especially for USD pairs. Keep an eye on how this plays out, as any positive news could push the S&P 500 above key resistance levels, while negative sentiment might lead to a flight to safety in assets like gold or the Japanese yen. The real story is how traders react to this uncertainty—are they positioning for a rebound or bracing for more turbulence? Watch for any announcements over the weekend that could impact market open on Monday, particularly in the context of the Fed’s upcoming meetings and economic outlook.
📮 Takeaway
Monitor the weekend developments on the government shutdown; a resolution could boost equities and weaken the dollar, impacting USD pairs significantly.






