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 | Resistance: 62.646
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.
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
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.
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.
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 Oscillator is giving a negative signal.
Support: 55.18 | Resistance: 61.39
