Web Trader MT5 
U.S. Stocks closed higher on Monday after a strong decline in early trading due to concerns about Fed independence. Dow Jones closed 0.14% higher at 49,593. Nasdaq-100 was little changed, closing at 25,775. And the S&P 500 reached a new record high at 6,986 during the session.
Markets are focused on Tuesday’s CPI report, expected to show annual inflation at 2.7%, following signs of a cooling but stable labor market that support expectations the Fed will delay rate cuts. Fed funds futures still price in two rate cuts starting in June. Attention is also on JPMorgan’s earnings, kicking off a busy reporting week for major bank.
The Trump administration’s criminal investigation into Fed Chair Jerome Powell has triggered strong backlash and a broad defense of the Federal Reserve’s independence. Lawmakers, economists, three former Fed chairs, and even Republican senators argue the move oversteps executive authority and threatens central bank autonomy.
In Asia, markets rose today, led by a strong surge in Japan’s Nikkei 225, which jumped over 3% after reopening from a holiday, reflecting bullish sentiment and talk of a possible snap election that could prompt fiscal stimulus
In the forex market, USD/JPY trades near 159.00 during the Asian session as the yen weakens on political uncertainty in Japan, following reports that Prime Minister Sanae Takaichi may call a snap election as early as February. This uncertainty is weighing on the JPY and supporting the pair. Markets are now focused on U.S. CPI data due later Tuesday. However, renewed concerns over the Federal Reserve’s independence, after Chair Jerome Powell revealed threats of criminal indictment, could limit USD gains.
USD/CAD trades softly near 1.3870 for a second session as the Canadian dollar strengthens on rising oil prices, with Brent and WTI extending gains amid supply concerns linked to tensions in Iran.
Precious metals continued their advance higher with gold reaching a new record high at $4,630 on Monday, and silver surging above $86 per ounce. Weaker dollar and geopolitical tensions fueled this uptrend.
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