Wall Street edged higher and the dollar gained ground on Friday after U.S. President Donald Trump hinted he would be flexible regarding a new round of tariffs expected to be imposed early next month. Even so, lingering economic uncertainties and churning geopolitical tension kept investors cautious.
Oil prices edged up after U.S. government data showed a draw in fuel inventories, while investors kept an eye on a limited ceasefire in Ukraine. U.S. crude stocks rose by 1.7 million barrels to 437 million barrels last week, higher than expectations.
The Oil-Dollar pair gained 0.4% in the last session after rising as much as 1.0% during the session. The Stochastic indicator is giving a positive signal.
Support: 64.911 | Resistance: 68.872
U.S. stocks added to gains after the Fed kept rates unchanged, as the central bank and investors continue to assess how Trump’s tariff policies might affect economic growth. The central bank kept its benchmark overnight interest rate unchanged in the 4.25%-4.50% range.
Nvidia CEO Jensen Huang said that orders for some 3.6 million of its flagship “Blackwell” chips from four top cloud service providers “under-represented” demand, since they did not include orders from key customer Meta, who is among the largest buyers of Nvidia chips
Gold prices rose 1% to hit a fresh record high, anchored above the $3,000/oz mark, as rising Middle East tensions and trade uncertainties due to U.S. President Donald Trump’s tariff plans fueled demand for the safe-haven asset.
The Gold-Dollar pair exploded 1.1% in the last session. The Stochastic indicator is giving a positive signal.
Support: 2972.3 | Resistance: 3088.5
Alphabet will buy fast-growing startup Wiz for about $32 billion in its biggest deal ever, the Google parent said Tuesday, as it doubles down on cybersecurity to sharpen its edge in the cloud-computing race against Amazon.com and Microsoft.
The last session saw Google’s stock drop 2.0%. The CCI is giving a positive signal.
Support: 149.33 | Resistance: 171.72
