May 7, 2025
EUR extends gains after Merz elected German chancellor
The dollar fell broadly on worries that U.S. President Donald Trump’s touted trade deals have yet to materialize, while the euro extended gains after the German parliament elected conservative leader Friedrich Merz as chancellor. The Euro gained 0.5% against the Dollar in the last session. According to the Stochastic-RSI, we are in an overbought market.Support: […]
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May 7, 2025
Oil rises 3% on signs of more Europe and China demand
Oil prices climbed about 3% on signs of higher demand in Europe and China, lower production in the U.S., tensions in the Middle East and as buyers emerged the day after prices fell to a four-year low. The Oil-Dollar pair skyrocketed 3.2% in the last session. The Stochastic indicator is giving a positive signal.Support: 54.576 […]
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May 7, 2025
Chipmaker AMD forecasts second-quarter revenue above estimates
AMD forecast second-quarter revenue above Wall Street estimates, betting on robust demand for its artificial-intelligence chips even as trade tensions cloud the global economic outlook.
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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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