U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months, drawing the Federal Reserve closer to start cutting interest rates later this year.
Global stock indexes edged lower, reversing early gains, while Treasury yields rose and the U.S. dollar declined as investors absorbed data that showed U.S. monthly inflation was unchanged in May.
The Silver-Dollar pair gained 0.5% in the last session after rising as much as 2.2% during the session. The RSI is giving a negative signal.
XAG/USD gained 0.5% in the last session.
The RSI is giving a negative signal.
Support: 28.4108 | Resistance: 29.5842
The Bitcoin-Dollar pair gained 1.5% in the last session after rising as much as 2.2% during the session. The ROC is giving a positive signal.
BTC/USD exploded 1.5% in the last session.
The ROC is giving a positive signal.
Support: 60165.6667 | Resistance: 61781.6667
Shares of Tesla skyrocketed 5.2% in the last session. The ROC is giving a positive signal.
Shares of Tesla skyrocketed 5.2% in the last session.
The ROC is currently in positive territory.
Support: 179.9787 | Resistance: 191.6137
Amazon.com hit $2 trillion in market value for the first time on Wednesday, becoming the fifth U.S. company to surpass that level as optimism around artificial intelligence and potential interest rate cuts this year drove demand for technology-related stocks.
Shares of Amazon skyrocketed 3.6% in the last session. The ROC is giving a positive signal.
Amazon’s stock exploded 3.6% in the last session.
The ROC is currently in the positive zone.
Support: 183.5435 | Resistance: 190.2083
The dollar hit a fresh 38-year high against the yen, with investor speculation high that authorities in Japan could intervene to strengthen the Japanese currency, while global stock indexes were mixed.
The Dollar rose 0.6% against the Yen in the last trading session. According to the Ultimate Oscillator, we are in an overbought market.
USD/JPY gained 0.6% in the last session.
The Ultimate Oscillator points to an overbought market.
Support: 158.9467 | Resistance: 160.1767
