The Day Ahead - Cautious start to the week.BRITISH POUND VS US DOLLARTRADENATION:GBPUSDTradeNationData: US ISM Manufacturing: Expected to stay in contraction (below 50), signaling continued industrial weakness. Italy Manufacturing PMI: 49.9 (up from 49.0), slightly better but still soft. Canada Manufacturing PMI: Likely still below 50; no strong rebound signs yet. Switzerland CPI/PMI: No major surprise; inflation stable, PMI around 50. Central Banks: Fed’s Daly and Cook to speak — markets watching for policy hints after soft data. ECB’s Simkus and Escriva also speaking — tone on inflation and growth in focus. Earnings: Palantir, Vertex, Williams Cos, Ares Management, and Grab report today. Their results will set tone for tech, energy, and financials. Overall Market Tone: Cautious start to the week. Manufacturing data remain weak, and traders are focused on central-bank comments and key earnings. Dovish tone → equities may rise, yields fall. Hawkish tone → equities could weaken, yields rise. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.