May 6, 2025
Gold gains on dollar weakness, safe-haven demand
Gold prices gained more than 2%, driven by a weaker dollar and safe-haven demand, while the market awaits a policy decision from the U.S. Federal Reserve later in the week. The Gold-Dollar pair exploded 2.3% in the last session. According to the CCI, we are in an overbought market.Support: 3173.1 | Resistance: 3462.6
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May 6, 2025
S&P 500 snaps 9-session win streak
European shares extended their winning streak, with investors focussing on developments from the trade war alongside the Fed’s policy meeting later this week. The pan-European STOXX 600 index rose to mark its 10th consecutive session of gains.
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May 6, 2025
Crypto funds raked in $2B last week
Cryptocurrency investment products attracted $2 billion in new inflows last week, according to the European investment firm CoinShares. Global crypto exchange-traded products have added $5.5 billion in inflows in the past three weeks, according to the latest report.
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May 5, 2025
Despite falling prices, OPEC+ agrees another accelerated oil output hike for June
OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day, the group said on Saturday, despite falling prices and expectations of weaker demand. The Oil-Dollar pair dropped 0.8% in the last session after rising as much as 2.3% during the session. The Ultimate […]
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May 5, 2025
Buffett to step down as Berkshire CEO – After 60 years at helm
Warren Buffett is ending his career as perhaps the world’s most famous and revered investor, saying he will step down as chief executive of Berkshire Hathaway at the end of 2025, and hand over the reins to Vice Chairman Greg Abel.
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May 5, 2025
All eyes on Fed – Fed outlook in focus as US stocks rally picks up steam
The Federal Reserve meeting in the coming week is set to test the U.S. stock market’s sharp rebound, with investors hoping the central bank is poised to resume lowering interest rates in the months ahead. Fed Meeting This Wednesday – No rate cut expected — but the market’s ready to move. 📌 Rates likely to […]
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