Wall Street futures stayed mostly flat after last week’s mixed close, with geopolitical risk and potential spillovers into energy markets limiting conviction. Attention is now firmly on Friday’s US jobs report, seen as a key input for near-term Federal Reserve expectations.

The dollar index climbed above 98.5, touching a two-week high as traders balanced regional tension with a heavy US data slate. Despite the shock headlines, FX markets remained orderly, shifting focus to labor data, ISM surveys, JOLTS, ADP figures, and consumer sentiment. Pricing still leans toward two rate cuts, even as the Fed keeps its message restrained.

In Caracas, acting president Delcy Rodríguez struck a softer tone toward Washington after initially condemning the raid, as President Trump said the US would oversee Venezuela’s transition and seek access to its oil sector. 

Take a look at today's analysis for more information!