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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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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